Principal Accountant – Inter Accounting

Our client is establishing a centralized and controlled global intercompany accounting function to ensure accuracy, transparency, and timely settlement across all legal entities. We are seeking a highly operational and technically strong Principal Accountant to support and execute the company’s global intercompany accounting strategy and settlement framework across the enterprise.

This role will lead the day-to-day governance, reconciliation, elimination, and settlement processes for intercompany transactions globally, while partnering closely with Treasury, Tax, and the broader Global Controllership organization. The role will also play a critical leadership role in supporting the company’s long-term process standardization efforts.

• Support and maintain the company’s global intercompany accounting policies and governance framework.
• Oversee intercompany transactions across legal entities, including:
• Management fees
• Shared services allocations
• Cost recharges
• Cross-border product and service transfers
• Intercompany loans and interest
• Equity transactions and capital movements
• Ensure consistent accounting treatment across regions and compliance with U.S. GAAP.
• Partner with regional accounting teams to drive alignment and operational consistency globally.

• In coordination with Treasury, manage centralized intercompany settlement and netting processes.
• Oversee monthly and quarterly intercompany true-ups and settlement activities.
• Ensure timely and accurate settlement execution across multi-currency environments.
• Monitor FX-related impacts and reconciliation activities.
• Drive standardization of intercompany invoicing and payment practices.
• Support cash management and funding coordination activities with Treasury.

• Lead timely intercompany reconciliations in support of monthly and quarterly close cycles.
• Support accurate elimination of intercompany balances and transactions during consolidation.
• Resolve out-of-balance conditions and reconciliation discrepancies proactively.
• Partner with global controllership teams to reduce intercompany aging and disputes.
• Support accurate legal entity and segment reporting.

• Support implementation of standalone intercompany accounting structures in partnership with Tax and Treasury.
• Oversee accounting and settlement activities related to Transitional Service Agreements (TSAs).
• Assist in implementing scalable long-term intercompany processes replacing inherited legacy structures.
• Coordinate with Tax to align operational accounting with transfer pricing policies.

• Maintain SOX-compliant controls over intercompany accounting, reconciliations, and eliminations.
• Ensure appropriate documentation and approval workflows are in place.
• Partner with SOX and Internal Audit teams on testing and remediation activities.
• Identify opportunities to reduce manual journal entries and improve automation.

• Support ERP and consolidation system enhancements to improve automated matching and eliminations.
• Assist with standardized intercompany coding structures and chart of accounts governance.
• Drive process improvement initiatives to reduce reconciliation cycle times and recurring disputes.
• Evaluate automation opportunities and scalable solutions for intercompany operations.

• Partner closely with:
• Tax
• Treasury
• Global Controllership
• FP&A
• Technical Accounting
• External service providers
• Serve as a key escalation point for intercompany accounting and settlement issues.
• Support leadership reporting and executive visibility into intercompany risks and aging trends.

• Bachelor’s degree in Accounting or Finance (CPA preferred).
• 8+ years of progressive accounting experience.
• Experience in a publicly traded company ($1B+ revenue preferred).
• Significant experience with complex multi-entity intercompany accounting environments.