The Specialist 1, General Ledger is responsible for the processing of general ledger transactions for small entities, (in compliance with GAAP and CP&P), including cash and netting receipts allocation, bank reconciliation, fixed assets addition, disposal, depreciation and reconciliation, and performance of month-end task mainly for Automation Solutions Europe.
Duty 1: Cash Application
•Extracts/receives bank statement from the banking website/ site point of contact
•Uploads the bank statement to the sharepoint or Sends the statement to the POC
•Updates the excel file of the bank transaction for the day
•Matches payment details against open invoices
•Coordinates any discrepancy with Credit Control/CFS/Internal customer (POC)
•Request details from point of contact for unidentified payment
•Applies payment received to open invoices
•Verifies completeness of the cash application/Consolidates applied invoices and notify the point of contact
•Validates data for consistency
•Analyze and provides input for exception items during cash application
Duty 2: Reporting and Reconciliation
•Reconciles the bank and book transaction balance by verifying discrepancies, resolving disputes, formulating alternative solutions on issues encountered. Analyzes and Classifies the reconciling items based on the nature of the transaction
•Prepares and post the journal entry related to the identified reconciling items (bank charges, forex difference, cash pool transactions)
•Communicates with Site POC, Regional Accountants and Accounts payable contact any reconciling item in the bank reconciliation
•Escalates resolution of outstanding reconciling items based on escalation matrix if no responses on the POC is received
•Secures approval from the site finance heads and approvers for the issuance of credit/debit note to offset, approval of variance to pay etc.
•Prepares KPI reports/charts from requirement provided by stakeholders
Duty 3: Fixed Assets
•Adds the asset to the Fixed asset register and performs depreciation run
•Performs adjustments to the fixed asset register (transfers, reclassifications and retirements)
Bachelor's Degree in Accountancy or any Accounting related degree
Job Related Experience:
At least 1 year work experience in general accounting or audit
Basic knowledge in MS Office applications and with background in using MS Outlook.
Practical knowledge of ERP applications
English Communication skills (oral & written)
Attention to detail skills
Ability to follow detailed workflow and instructions
Time / Work management skills
At Emerson, we are innovators and problem-solvers, focused on a common purpose: leaving our world in a better place than we found it. Each and every day, our foundational values—integrity, safety and quality, supporting our people, customer focus, continuous improvement, collaboration and innovation—inform every decision we make and empower our employees to keep reaching higher.
As a global technology and engineering leader, we provide groundbreaking solutions for customers in industrial, commercial, and residential markets.
Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production and protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure.
Emerson, a Fortune 500 company with $17.4 billion in sales, more than 20 Innovation, Solutions & Engineering Centers, and 200 manufacturing locations worldwide, is committed to helping employees grow and thrive throughout their careers.
Whether you're an established professional looking for a career change, an undergraduate student exploring options or a recent MBA graduate, you'll find a variety of opportunities at Emerson. Join our team and start your journey today.
Generally Accepted Accounting Principles