AVP - Financial Control - BFSI

Job Level: AVP

Sub-Process: Financial Control

Location: Mumbai

Type of Job: Financial Control

Shift Timing : 12.30 pm to 21.30 pm

Experience: 9 to 15+ Years

Role Description - Summary

Accounting Control is a function within Financial Control and as such part of the organization. The primary responsibility for a financial controller is to ensure correctness of Balance Sheet and P&L for their business areas (including formal sign-off in SAP). This includes but is not limited to substantiation as well as reconciliation of the Financials, ownership and control over the front-to-end month-end production cycle. Above all it is their core duty to create full transparency around every aspect of the Financials of the bank. In their Accounting Control function they are the SMEs cross business and cross function (up-stream) assisting other control functions resolving issues as well as continuously improving their processes.

Responsibilities / Tasks:

Work as an Independent contributor and manage below functions:

- Balance sheet and P&L review of Finance covering different businesses - Structured Finance, Non-Core Units, Fixed Income & Currency

- Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting

- Performs QA function for processes within his/her teams remit and regularly assesses the effectiveness of the checks

- Engages with SME in order to deliver change

- First level of escalation for team issues and for stakeholder escalation

- Manages the resolution of product reconciliation break/exception items in a timely manner

- Provides training and support to team members in the performance of their roles

- Deals with items escalated by team members, fixing where possible or escalating to TL

- Balance sheet and P&L reconciliations between management reporting and financial reporting at a business level

- Monitoring of exceptions including investigation and explanation

- Review of Balance sheet substantiation

- Process standardization across business

- Provides summary of KRI's for their business area and remediation plans where SLA's are being missed and/or where issues exist

- Facilitates CTB initiatives and drives continuous improvement program within their team

- Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis

Experience / Exposure :

- An experience of 8+ years in the core accounting function of an organisation would be an advantage.

- Strong understanding of financial market products such as Loans, Equities & OTC.

- Adaptable and culturally aware. Experience of working in a global environment preferable.

- Ensure team work culture is practiced.

- Ability to learn quickly.

- Ability to communicate effectively (oral & written) & strong interpersonal skills.

- Strong analytical and quantitative skills.

- Well organized & able to clearly present results of work.

- Essentials Competent use of MS-Office - specifically Excel and Access.

- Working with multiple data sources and having confidence in figures and presentation.

- Accuracy-driven and able to self review reports and other deliverables effectively.

- Be comfortable & willing to drive process improvement.

- Be able to constructively challenge.

- Be inquisitive.

- Knowledge of SAP and programming skills helpful but not required. SAP need to be learned quickly though.

- Should be diligent, thorough, shows initiative and is proactive.

- Proven ability to own and develop successful relationships with RPL, Operations and CSR

- Excellent team worker, able to work in virtual global teams and in a matrix organization

- Open minded, able to share information, transfer knowledge and expertise to team members

- Flexibility regarding problem solving

- Keeps pace with technical innovation and market driven initiatives and maintains a broad understanding of the GBS offering

- Strong interpersonal/good negotiations skills are required, in parts leadership

Education / Certification/ Skills : MBA (finance) or CA / ICWA / CFA.