CA Industrial Trainee

SKF Group · India

CA Industrial Trainee – Record to Report (R2R)

SKF Industrial Limited

Location: Pune

About the Opportunity

SKF Industrial Limited is seeking a highly motivated CA Industrial Trainee to join its Finance & Accounting team. This role offers an excellent opportunity to gain practical exposure to end-to-end Record-to-Report (R2R) processes in a listed manufacturing company, providing valuable experience in financial accounting, reporting, compliance, controls, and month-end closing activities.

The trainee will work closely with experienced finance professionals and gain exposure to corporate accounting practices, financial statements, audit requirements, and business finance processes.

Key Responsibilities:

Month-End and Year-End Closing

• Support monthly, quarterly, and annual financial close activities.
• Prepare and post journal vouchers (JVs) and adjustment entries.
• Assist in timely closure of books and adherence to reporting timelines.
• Review general ledger accounts and analyse variances.

Accruals, Provisions and Accounting Entries

• Prepare monthly accruals and provisions.
• Support accounting for prepaid expenses and amortisation.
• Ensure completeness and accuracy of accounting records.
• Assist in expense analysis and account reconciliations.

General Ledger and Trial Balance Review

• Monitor and analyse General Ledger transactions.
• Perform Trial Balance review and identify unusual movements.
• Support account balance validations and balance sheet substantiation.

Financial Reporting

• Assist in preparation of monthly financial statements and management reports.
• Participate in financial reporting activities in compliance with Ind AS requirements.
• Support preparation of schedules and disclosures for reporting purposes.

Bank and Balance Sheet Reconciliations

• Perform bank reconciliations and follow-up on open items.
• Prepare balance sheet reconciliations and ageing analyses.
• Assist in clearing reconciling items and ensuring accounting accuracy.

Audit and Compliance

• Support statutory audit, internal audit, and other compliance requirements.
• Prepare audit schedules and supporting documentation.
• Assist in implementation and monitoring of financial controls.

Process Excellence

• Participate in process improvement and automation initiatives.
• Support standardisation and strengthening of accounting processes.
• Work with ERP-based accounting systems and reporting tools.

What You Will Gain

• Hands-on exposure to the Record-to-Report (R2R) function of a leading industrial manufacturing company.
• Practical experience in month-end close, journal entries, accruals, provisions, reconciliations, and financial reporting .
• Exposure to listed company financial reporting, governance, and compliance requirements .
• Understanding of Ind AS, internal controls, audit processes, and corporate accounting practices .
• Opportunity to work with ERP systems and large-scale finance operations.
• Cross-functional exposure to business finance, controlling, and reporting teams.

Eligibility

• CA student eligible for Industrial Training as per ICAI guidelines.
• Strong understanding of Accounting, Financial Reporting and Corporate Finance concepts.
• Good knowledge of journal entries, financial statements and reconciliations.
• Proficiency in MS Excel; SAP knowledge will be an added advantage.
• Strong analytical, communication, and problem-solving skills.

Preferred Candidate Profile

• Strong academic record and keen interest in corporate finance and accounting.
• Attention to detail and structured approach to problem-solving.
• Ability to work in a fast-paced environment and meet reporting deadlines.
• Strong interpersonal and stakeholder management skills.