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21/07 Poonam Verma
Associate Consultant at Black Turtle

Views:4733 Applications:194 Rec. Actions:Recruiter Actions:31

Financial Control & Reporting Role - BFSI (6-12 yrs)

Delhi/NCR Job Code: 474526

Financial Control

Accounting Reporting and Control has the primary responsibility of ensuring the Balance Sheet integrity of trading, banking products and service entities/strategic business units.

Overall purpose of role

1. Ownership of accounting and month end process for own specialty technical area (which will consist of multiple SBU- s) of focus from an FC perspective (i.e. ensure initial review of month end reports is of sufficient quality to ensure minimal subsequent review points)

2. Ownership and Knowledge of Financial Reporting including Notes to accounts to annual report and FinRep reporting forms and tables

3. Stakeholder relationship management (e.g. onshore financial control, RBB Financial Operations, Finance Business Partner teams etc.)

4. SOX compliance and Management Self-Assessment Testing

5. Maintain Issues logs

6. Standard Journal and Allocation Review

7. Understand underlying control frameworks which support the multiple SBU's within range of responsibilities

8. Act as Subject Matter Expert for on-shore Financial Control Team

9. Driver of continuous improvement of the control environment within Personal and corporate bank Financial Control in general and specifically the multiple SBU's within own are

Key Accountabilities

1. Financial Reporting & Accounting Operations 35%

Provide expert reference for customers for areas of focus; providing expert help and guidance on a wide range of complex and difficult subjects. By application of their professional knowledge and experience, understand the potential impact of decisions on other areas and interpret requirements.

Act as a centre of excellence by providing in-depth, specialist knowledge and handling difficult issues that have been escalated.

Investigates and resolves the more complex problems, issues and queries, liaising with customers, suppliers and other experts, as appropriate.

Have knowledge and understanding of financial reporting from Notes to accounts perspective and understanding the FinRep reporting tables

2. Business Performance Management 10%

Assist line manager in providing an informed view of allocated multiple SBU- s, i.e. explaining how individual business area trends are consolidated.

Provide accurate and timely financial analysis on a wide range of complex technical/business issues in connection with jobholder's area of responsibility, e.g. variances, trends, impact of change initiatives, impact of new accounting regulations and how to account for new areas/ types of business.

3. Financial Control 35%

Provide subject matter expertise to key stakeholders (onshore financial control teams, financial business partners, Finance Operations).

Keeps up to date with subject matter knowledge and best practice in this area

Reviews/analyses implications of Finance projects for own area of expertise. Recommends change and raises change requests, as necessary.

Investigates internal accounting and external reporting implications of new and amended accounts for own area of expertise.

Has an on-going program to develop and implement new processes to enable the business to adopt best practice.

Ensures the integrity of the numbers to enable the attestation process.

4. Business Education 10%

Provides highly specialist knowledge and support and guidance on all financial processes and procedures to business areas.

Investigates and resolves problems, issues and queries liaising, with customers, suppliers and other experts, as appropriate.

Liaises with peer group to ensure consistency of approach.

5. Team Building 10%

Take responsibility for personal performance development, training and career development plans and ensure they are relevant and progressed

Stakeholder Management and Leadership

Key stakeholders will include Finance Business Partners, Risk & Governance Team, Finance

Operations Team, Senior colleagues within Financial Control

Decision-making and Problem Solving

Provide accurate and timely financial analysis on a wide range of complex technical/business issues in connection with jobholder's area of responsibility, e.g. variances, trends, impact of change initiatives, impact of new accounting regulations and how to account for new areas/ types of business.

Risk and Control Objective

Person Specification

Knowledge and Expertise - Essential

Demonstrable thorough and up to date understanding of financial accountancy (including IFRS gained within a financial services environment)

Knowledge and Expertise - Preferred

Understanding of the financial services market and the latest thinking and developments in finance gained within a financial services environment

Experience and Qualifications

Accounting qualification- CPA, ACA or ACCA

The jobholder must have substantial directly relevant experience in a technical financial environment.

Financial Accounting - experience of financial management.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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