Record to Report (R to R

Job Description:

About company – It is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. The company provides span critical business problems in technology, business process, analytics, risk, compliance, transactions and internal audit.

Job Title:  Record to Report (R to R)  

Experience : 4 – 6 years
Job Location : Hyderabad
Shift Timing : 6:30 PM to 4:00 AM
Cab Facility : Provided by company (If not using then will get 300 Rupees per day)
Mandatory skills : R2R (Insurance) , P2P (Procure to pay), Account Payable from Insurance background.

Scope of R2R : A "Record to Report" (R2R) job typically involves responsibilities related to financial accounting and reporting processes within an organization. Here’s a general job description for an R2R role:

Job Summary:

The Record to Report oversees the end-to-end financial accounting and reporting activities within the organization. This role ensures accuracy, completeness, and compliance of financial statements in accordance with local regulations and company policies. The R2R also plays a key role in financial analysis, process improvement, and providing insights to support strategic decision-making.

Key Responsibilities”

       1 .Financial Reporting:- Prepare and review monthly, quarterly, and annual financial statements and reports.

2. General Accounting:- Manage and oversee general ledger entries, reconciliations, and month-end/year-end closing processes.
3. Compliance: Ensure compliance with accounting standards, tax regulations, and internal controls.

       4.Financial Analysis: -Conduct variance analysis, trend analysis, and provide insights to management based on financial data.

5. Process Improvement: Identify opportunities for process improvements and automation to enhance efficiency and accuracy of financial reporting.
6. Audit Support:- Coordinate and support internal and external audits, including preparation of audit schedules and responding to audit inquiries.

       7.Cross-functional Collaboration: -Work closely with other departments such as Finance, Tax, and Treasury to ensure alignment and accuracy of financial data.

8. Systems and Tools:- Utilize ERP systems and financial reporting tools effectively to maintain financial records and generate reports.

Required Skills and Qualifications:

- Bachelor’s degree in Accounting, Finance, or related field (Master’s degree or CPA/CMA certification may be preferred).

- Proven experience in financial accounting, reporting, and analysis.

- Strong understanding of accounting principles and standards (IFRS, GAAP).

- Proficiency in ERP systems (SAP, Oracle, etc.) and financial reporting tools.

- Excellent analytical skills with attention to detail.

- Ability to manage multiple priorities and work under tight deadlines.

- Strong communication and interpersonal skills for collaborating across functions and presenting financial information.