Job Title: Senior Intercompany Netting Specialist
Location: UAE (Remote)
Employment Type: Full-Time
Level: Senior
Work Arrangement: Fully Remote
About UsWe are seeking an experienced Senior Intercompany Netting Specialist to oversee intercompany netting operations, settlement coordination, balance reconciliation, and payment optimization across multiple legal entities and jurisdictions.
This role is responsible for improving settlement efficiency, reducing gross payment volumes, minimizing foreign exchange and transaction costs, and ensuring the accuracy of intercompany balances. The successful candidate will collaborate with treasury, finance, accounting, tax, and regional business teams to maintain effective netting processes, strengthen financial controls, and support accurate intercompany reporting.
Key Responsibilities Intercompany Netting Operations: Manage periodic intercompany netting cycles, including transaction collection, validation, matching, net balance calculation, settlement preparation, and completion monitoring.
* Transaction Validation: Review intercompany invoices, receivables, payables, loans, service charges, royalties, and other eligible transactions to ensure completeness and accuracy before netting.
* Netting Calculations: Calculate net payable and receivable positions for participating entities, ensuring transactions are correctly matched and offset in accordance with approved rules.
* Settlement Coordination: Coordinate with treasury teams and participating entities to ensure net settlement amounts are funded, approved, and paid within established deadlines.
* Intercompany Reconciliation: Reconcile intercompany balances across general ledgers, accounts payable and receivable systems, treasury platforms, and netting reports.
* Discrepancy Investigation: Identify and resolve unmatched invoices, disputed balances, duplicate transactions, incorrect currencies, missing entries, and settlement differences.
* Multicurrency Netting: Manage netting activities involving multiple currencies, reviewing exchange rates, currency conversion requirements, and foreign exchange impacts.
* Netting Cycle Management: Establish and maintain netting calendars, submission deadlines, validation checkpoints, settlement schedules, and escalation procedures.
* Treasury Integration: Coordinate netting activities with cash management, cash pooling, liquidity forecasting, and centralized payment processes to optimize group funding.
* System and Data Management: Maintain participant master data, entity mappings, currency settings, netting rules, transaction eligibility criteria, and system configuration records.
* Accounting and Reporting: Ensure netting transactions are appropriately recorded and reflected in intercompany accounts, settlement records, and financial reports.
* Policy and Compliance: Ensure netting processes comply with internal treasury policies, intercompany agreements, accounting requirements, tax considerations, and applicable regulatory obligations.
* Transfer Pricing and Tax Coordination: Work with tax and legal teams to address relevant transfer pricing, withholding tax, documentation, and cross-border settlement considerations.
* Control and Audit Support: Maintain clear audit trails, transaction approvals, reconciliation evidence, and supporting documentation for internal and external reviews.
* Process Optimization: Identify opportunities to automate transaction matching, reduce manual intervention, shorten settlement cycles, and improve netting efficiency.
* Stakeholder Management: Coordinate with regional finance teams, shared service centers, accounts payable, accounts receivable, treasury, and external banking partners.
* Technical Leadership:* Provide guidance to junior team members, review complex netting cases, and promote consistent application of intercompany settlement procedures.
Qualifications and Experience
- * Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
- Professional qualifications such as ACCA, CPA, CTP (Certified Treasury Professional), CIMA, or equivalent credentials are advantageous.
- Significant experience in intercompany accounting, treasury operations, payment netting, financial reconciliation, or global cash management.
- Strong understanding of intercompany payables and receivables, settlement processes, transaction matching, and balance confirmation procedures.
- Experience managing netting cycles involving multiple legal entities, currencies, business units, and jurisdictions.
- Knowledge of general ledger accounting, accounts payable and receivable processes, and intercompany reconciliation methodologies.
- Familiarity with treasury management systems, enterprise resource planning platforms, payment systems, and intercompany netting solutions.
- Understanding of foreign exchange calculations, settlement risk, transfer pricing principles, and cross-border payment considerations.
- Advanced Microsoft Excel skills, including complex formulas, pivot tables, data validation, and reconciliation techniques.
- Experience with process automation, data analytics, or system integration is an advantage.
- Strong analytical and problem-solving skills, with the ability to investigate discrepancies and resolve complex financial issues.
- Excellent communication and stakeholder coordination skills across international teams.
- Ability to manage recurring settlement deadlines, competing priorities, and sensitive financial information in a remote working environment.
- High attention to detail, professional integrity, and a strong commitment to internal controls.
Key Performance Indicators (KPIs)Performance will be evaluated using measurable indicators, including:
- Netting Accuracy: Accuracy of transaction matching, net balance calculations, and settlement instructions.
- Settlement Timeliness: Percentage of netting cycles and settlements completed within established deadlines.
- Reconciliation Effectiveness: Percentage of intercompany balances reconciled accurately and on schedule.
- Exception Resolution: Time required to resolve unmatched transactions, disputed balances, and settlement discrepancies.
- Netting Efficiency: Reduction in gross payment volumes, payment instructions, and administrative processing requirements.
- Cost Optimization: Reduction in transaction fees, foreign exchange costs, and avoidable settlement expenses where measurable.
- Data Quality: Completeness and accuracy of transaction submissions, entity records, and currency information.
- Control Compliance: Adherence to approval workflows, netting policies, settlement procedures, and documentation standards.
- Reporting Accuracy: Timeliness and reliability of netting reports, settlement summaries, and intercompany balance statements.
- Operational Risk Reduction: Reduction in duplicate payments, missed settlements, and recurring processing errors.
- Stakeholder Service: Effectiveness in coordinating with participating entities and resolving operational queries.
- Continuous Improvement: Successful implementation of automation, process standardization, and settlement efficiency initiatives.
What We Offer
- * Competitive compensation aligned with experience and technical expertise.
- A fully remote working arrangement, subject to applicable employment and work authorization requirements.
- Exposure to international treasury operations and complex intercompany settlement structures.
- Opportunities to develop expertise in global cash management, payment optimization, and intercompany accounting.
- A collaborative professional environment that values accuracy, accountability, and operational efficiency.
- Opportunities to contribute to automation initiatives, financial control enhancements, and treasury process improvements.
How to ApplyInterested candidates should submit an updated CV highlighting their experience in intercompany netting, transaction reconciliation, settlement coordination, and treasury operations.
Applicants are encouraged to include examples of netting processes managed, settlement discrepancies resolved, or cost and efficiency improvements achieved.
- Email Subject Line: Application – Senior Intercompany Netting Specialist (UAE Remote)
