A General Ledger (GL) Specialist maintains the accuracy of a company's financial records by preparing and posting journal entries, performing account reconciliations, and closing the ledger each month. They also generate financial reports, analyze variances, ensure compliance with accounting standards, and support external audits. The role requires strong attention to detail, accounting principles knowledge, and proficiency with accounting software and Excel.
Key responsibilities
- Record transactions: Prepare and post journal entries for all financial transactions, including accruals, prepayments, and adjustments.
- Reconcile accounts: Perform regular reconciliations of various general ledger accounts to ensure accuracy.
- Close the ledger: Manage the month-end and year-end closing processes, ensuring all entries are properly recorded and the books are balanced.
- Prepare reports: Generate and distribute financial reports, including account management reports, and analyze financial data for variances and trends.
- Ensure compliance: Ensure transactions and reporting comply with organizational policies and accounting principles (GAAP, IFRS, etc.).
- Support audits: Assist internal and external auditors with their requests and provide necessary documentation and explanations.
- Manage fixed assets: Oversee the fixed asset register, including tracking additions and disposals.
- Collaborate with other departments: Work with other departments to resolve accounting issues, ensure accruals are captured correctly, and support financial planning.
