AM/Manager/Senior Manager/AVP/VP - Financial Reporting - Investment Bank

Looking out for all level candidates having good exposure on Financial Reporting And USGAAP,LEC, for one of the leading investment bank at Mumbai and Bangalore.

Job Description :-

Financial Reporting (FR)

- Financial Reporting Teams in Country Finance are engaged in the preparation and submission of IFRS packs in compliance with the IFRS Standards and various disclosure requirements like FINREP as laid out and amended from time to time. Units have a requirement to submit their Country/Unit's IFRS pack to Group Finance Department (GFD) on a Quarterly basis and GFD further consolidates this towards onward submission for External Reporting and various other regulatory bodies.

FR Team in addition to submission of Financial Statements and Disclosure lines (Level 1 & Level 2 submission) also carry out detailed analysis through Analytical reviews required by GFD and provide in-depth details on numbers reported and clarifications as

(Financial Reporting)

Location : Mumbai / Bangalore

Principle Roles & Responsibilities

1. Handle a team that is responsible for preparing financial statements as per IFRS requirements.

2. Responsible for preparing financial statements or schedules for financial statements as per IFRS requirements.

3. Understand the IFRS standards relevant for financial instruments i.e IAS 39, IFRS 7, 9, 13 for the purpose of preparing the financial statements.

4. Perform detailed analytical review of the inputs received for IFRS pack preparation.

5. Perform trial balance reviews to capture significant movements and liaise with stakeholders for appropriate reasoning.

6. Perform data integrity checks between general ledger and various transaction processing systems and escalate issues.

7. Understand and prepare the disclosure requirements as per IFRS and also as per FINREP.

8. Liaise with onshore stakeholders to discuss the review points, issues etc for the purpose of submission of financial statements.

9. Collaborate within Fssc to get inputs or raise issues that arise during the financial statements preparation.

10. Prepare or support preparing the exhaustive list of book of work for the purpose of discussion with onshore teams, IT etc.

11. Identify opportunities for value add or automation of routine/ manual process and thereby reduce the non-value adds in the process.

12. Perform/ Participate in the process risk analysis to identify the gaps in the existing process.

13. Participate in the monthly dashboard call with onshore teams and highlight issues/ concern.

14. Participate and give suggestions in the finance transformation programme thereby enabling removal of manual workarounds.

Managerial/Leadership Skills

- Work towards establishing Subject Matter Expertise in Financial Reporting domain

- Support Knowledge Management initiatives through trainings to build domain capabilities required for the job

- Associate Managers should be hands-on to undertake activities/tasks on their own as the role demands while supporting and managing other members of the team

- Self motivated and able to work independently and to proactively seek guidance from others as needed.

- Strong team player and has the capacity to build good working relationships with cross functional / geographical teams.

Preferred Skills and experience:

The candidate should have experience in the following functions and should have good analytical skills, fundamentals in risk management.

- 5+ years work experience in Financial Reporting, Month End close, Statutory/External Reporting, relevant technical experience with Big 4 firms

- Exhibiting influential capabilities across departments in assimilating various inputs required for accurate and complete submission of Finance Statements including Biz Finance, Product Control, Valuation Control, Operations, Tax Team, Technology teams, Onshore Team and various other input providers

- Strong communication skills in liaising with relevant stakeholders.

- Cross team collaboration and proactive engagement with relevant Departments and responsible parties

- Experience in monitoring of Month end/Quarter end processes with an ability to quickly understand the upstream and downstream impacts in the Reporting process

- Exhibiting training capabilities across functions for usage of various Financial Reporting Teams.

Preferred Education/Qualifications

Chartered Accountant (CA) / Cost Accountant (CWA) or its equivalent, MBA (Finance), MBA (Banking), or any Finance equivalent from an institute of Repute.