VP - Balance Sheet Reconciliation - BFSI

Job Description

Designation: VP Balance sheet Reconciliation

Only From Banking / Financial Industry

Location: Chennai

Shift Time: Any 8hrs shift b/w 6am to 12 mid night (pick up and dropping facility is available)

Experience: 12-20yrs

CTC: 30-45LPA

Key responsibilities

Lead the Balance Sheet Reconciliations process for the region and all legal entities within that.

Ensure all accounts are understood and independently substantiated

Drive governance on exceptions. Seep inputs from various stakeholders

Define the operations Risk framework for the process

Drive performance to agreed service levels and manage customers expectations in a timely and professional manner

Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism

Drive performance in team to required standards.

Maintain high level of employee engagement.

Effective communication with team members on organisational strategy and goals required for respective roles and responsibilities.

Create an environment within the team which fosters free sharing of knowledge and ideas

Adherence to Group policies, audit, controls and compliance requirements. It is imperative that the role maintains a highly effective SOX-compliant control framework.

Operational capability must be maintained all year round given the frequency of reporting periods (monthly plus additional requirements quarterly, half-yearly and annually).

The role will need to manage accordingly to ensure that sufficient numbers of capable staff are in place to deliver to reporting requirements.

Continually assess the operational risks inherent to the process, taking account of operating procedures, staff movements, legal & regulatory requirements

Any process re-engineering must comply with the applicable control environment

Ensure BCP plan is documented, agreed with Business Partners and tested for all the processes as agreed

Lead Transformation and Integration Initiatives

Customers / Stakeholders

- Regional CAO teams

- Business CFOs, other suppliers

- Global projects team etc

- Other internal customers

- Teamwork

Skills/Experience Required

- 12+ post qualification experience in Financial accounting space. Degree in accounting domain (CA/ CPA/ ACCA/ others)

- Experience in managing large (25 +) teams in speacialised functions

- Excellent communication skills, including experience of explaining complex technical matters simply and succinctly

- Effective leader who can manage cross functional teams

- Knowledge in Marcos, MS Access Database, SAS will have an added advantage

- Change and transformation experience will be a plus

- Experience that demonstrates ability to deliver BAU and Change/ Transformation Projects

- Experience in policy interpretation and implementation

- Previous tenured employment with a Financial Institution will be a plus

- Experience of working with colleagues and stakeholders cross-border in a multinational organization

- Working/detailed knowledge of Operational framework/rules

Prerna