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Aditi Agarwal

Associate Consultant at Black Turtle

Last Login: 06 September 2018

Job Views:  
3030
Applications:  117
Recruiter Actions:  88

Job Code

562742

AVP - Financial Controllership - BFSI/BPO

7 - 11 Years.Chennai
Posted 6 years ago
Posted 6 years ago

Overall Job Purpose:


Financial control team is responsible for the timely closure of financial books for Legal entities on a monthly, quarterly and annual basis. Financial Control is also responsible for supporting central controls which are critical monitoring checks for ensuring the accurate legal entity reporting. Specific responsibilities of team includes and not restricted to:


- To take ownership of financials including Balance sheet control and month end closure


- To represent financial control in the LoR (Letter of Representation) meetings, which requires presenting financials, explaining monthly variances and tabling key issues and potential resolutions


- Production of reports for data analysis to identify and explain key trends /variances. Where any gaps or inconsistencies are noted, to follow up and work towards appropriate closure.


- Deal with product control and risk teams to ensure appropriate reporting and presentation of the P&L accounts and disclosure of the balance sheet accounts.


- Monitoring of capital levels and reporting of large exposures for different entities


- Support Pnl & Balance Sheet enrichment processTo ensure proper controls are in place and operating effectively


- Ensure that appropriate transfer pricing between entities is conducted to ensure that the legal entity financials are properly reflected.


- Support and respond to ad-hoc data requests


Key Accountabilities & approximate time split (%)


Monthend closure & Reporting: 60%


Competency: Advanced


- Responsible for timely and accurate closure of financial books by analyzing and reviewing the financials


- Review Balance sheet reconciliations and preparation of key MI (Management Information)


- Review and presentation of key financials in LoR (Letter of Representative) meetings including consolidation of all IAR (Items at Risk) / BNR (Balances not reconciled) and taking ownership of action items


- Understand end to end flow from transaction initiation to disclosure in the financial accounts and notes to account, trade enrichment of the balance sheet.


- Review of various Group submissions including monthly / quarterly IFRS (International Financial Reporting Standards) reporting


- Ensure that appropriate transfer pricing/cost recharges between entities are conducted to ensure that the legal entity financials are properly reflected.


- Analysis of data, generate queries for trends / variances and gaps / inconsistencies and follow up to appropriate closure.


- Deal with product control and risk teams to ensure appropriate reporting and presentation of the P&L accounts and disclosure of the balance sheet accounts.


- Monitoring of capital levels and reporting of large exposures for different entities


- Review of various attestation packs to enable the senior management to carry the Sox requirements and obligations


- Supporting various FSA submission on Regulatory Reporting relating to RWA's (Risk Weighted Assets)


- Analysis of data, generate queries for trends / spikes and troughs and inaccuracies and follow up to appropriate closure


- Support ad-hoc analysis


- Own the inter system mapping tables


- Production of Finance Operation KPIs.


- Support business request on deep dive analysis


New Product Accounting (NPA) & Advice-10%


Competency Level: Intermediate


- Engaging in the New Product Approval process and confirm the accounting treatment including coordination with relevant ops team to ensure that new accounts are opened and appropriate entries are passed


Team Building-30%


Competency Level: Intermediate to Advanced


- Support delivery of team objectives through effective team management and providing cover to team members on leave


- Leading, Guiding and Motivating the team


- Take responsibility for personal and team's performance development, training and career development plans and ensure they are relevant and progressed.


- Share best practice across the Finance team.


- Actively contribute to both immediate team and relevant customer contact.


Person Specification


Essential:


- Qualified Accountant - CA, CPA, ACCA


- Strong academic background - 1st /2nd class honours, minimum bachelor degree from a reputable institution


Preferred:


- Qualified Accountant from big 4 firms


Experience


Essential:


- 5 to 8 years post qualification experience


- Experience in month end closure including Balance sheet control and IFRS reporting at Legal Entity


Preferred


- Experience of having employed in IB environment


Skills Required


Essential:


- Strong control mindset.


- Strong stakeholder engagement skills and understanding their requirements for effective execution


- Enthusiastic, motivated, self-starter, pro active and a team player.


- Good IT System skills;


- Strong interpersonal skills and excellent communicator. Desire to provide top quality service to internal stakeholders from different areas of the firm /geographies


- Willingness and ability to take ownership of issues and manage through to a successful resolution.


- Eye for detail and exception track record in managing and resolving conflict situations


- Ability to negotiate and influence senior management across the businesses


- Ability to build strong partnerships across the business with excellent stakeholder management


- Strong IFRS knowledge and its implications


- Excellent analytical and problem solving skills with ability to Think outside the box.


- Strong knowledge of financial statement disclosure


Preferred:


- Experience of working in SAP financial accounting or investment banking middle-office / back-office accounting and settlement systems.

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Posted By

user_img

Aditi Agarwal

Associate Consultant at Black Turtle

Last Login: 06 September 2018

Job Views:  
3030
Applications:  117
Recruiter Actions:  88

Job Code

562742

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