Intercompany Reconciliation Officer

Responsible for ensuring the accuracy, completeness and timeliness of intercompany transactions and balances across all QSR entities locally and regionally.

Job Title:           Intercompany Reconciliation Officer

Department:      Finance

Location:          Kingston, Jamaica

Job Type:          Full-time

Job Summary

The Intercompany Reconciliation Officer, employed by LGCL, is responsible for ensuring the accuracy, completeness, and timeliness of intercompany transactions and balances across all QSRJA entities both local and regionally, which includes RAL, RACL, RAPL, RASL, RHL, RABL, LCB and LISC as well as all non QSR entities. The role requires strong analytical skills, attention to detail, and business acumen to investigate discrepancies, maintain thorough documentation, and support consolidated Group Reporting. Collaboration across multiple departments is essential to safeguard the integrity of financial statements, ensure adherence to group policies, and maintain audit readiness.

The intercompany reconciliation officer will act as a trusted addition to the finance department, providing high-level support while measuring success through key performance indicators (KPIs) that reflect operational efficiency, effective communication, and timely project completion.

Reporting Structure:

Reports to:      Group Chief Financial Officer

Key Responsibilities

• Reconcile intercompany accounts, verifying accuracy and completeness of transactions.
• Identify, investigate, and resolve discrepancies, ensuring corrections are made promptly within no later than 60 days of occurrence.
• Maintain clear and up-to-date reconciliation records, including findings, resolutions, and supporting documentation.
• Notify responsible Financial Controllers and Chief Accountants of corrections needed to balance accounts.
• Ensure written communication is sent to the Accounts Payable team and other Internal Related Party advising of exceptions/differences and requesting confirmations of completion of adjustments and verify correct postings to the General Ledger.
• Monitor intercompany balances and prepares a monthly report outlining all intercompany reconciliations status to include balances, discrepancies and aging of such balances with action items to clear pending items clearly identified.
• Ensure adherence to the Group’s intercompany policies and procedures.
• Prepare and send monthly intercompany reconciliations to each respective company for review and alignment before dispatching to Group CFO for review and final approval.
• Coordinates the preparation of audit-related party confirmations and subsequent replies to the auditors.
• Support internal and external audits and contribute to improving reconciliation processes through standardization and automation.
• Process Improvement – Use Accounting Software and tools to automate and streamline the reconciliation process such as Black Line.
• Identify and prepare a schedule of Intercompany income and expenses to be submitted to the Group GCFO on a monthly basis for consolidation elimination.
• Perform additional duties as assigned by supervisors or managers.

Key Performance Indicators (KPIs)

• Timely completion of all monthly intercompany reconciliations reports (by the 25^th of the following month).
• Ensure that that 100% of aged items are not greater than 60 days aged.
• Accuracy rate of reconciliations (minimal adjustments required post-review; >5%).
• Timely submission of consolidated monthly intercompany report to the GCFO. (by the 26^th of the following month)
• Responsiveness to audit requests (responding to audit queries no later than 1 day after request made}

Key Qualifications

• Bachelor’s degree in Accounting, Finance, or related discipline.
• 3-5 years of accounting experience, ideally within a group or multi-entity environment.
• Strong knowledge of accounting principles and reconciliation processes.
• Proficiency in Microsoft Excel and ERP/accounting systems (experience in Sage 300 would be an asset).
• Strong problem-solving and analytical skills with a high level of accuracy.
• Effective communication and collaboration skills.
• Ability to manage multiple priorities and meet tight deadlines.

Personal Attributes

• Accuracy and attention to detail
• Analytical and investigative skills
• Timeliness and accountability
• Collaboration and teamwork
• Process improvement mindset
• Integrity and confidentiality
• Business acumen
• Professional demeanour with excellent interpersonal skills.