Associate Level 1

1 week ago

Mumbai, Maharashtra, India BNP Paribas Full time

Job Description - Finance Operating Platform (Accruals Management)

About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost employees.

The Group ranks highly in its three core areas of activity:

Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients.

The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection.

In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.


About BNP Paribas India Solutions:


Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach.

With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center.

India Solutions services three business lines:
Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group.

Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.


About Businessline/Function:

FINANCIAL OPERATING PLATFORM:


Strong presence in 27 countries across the globe with a proven track record of delivering quality service, within the expected Turn Around Time (TAT) and with ability to challenge Status Quo and share Best Practices.

Core activities includes processing of Vendor invoices, Employee claims, Intercompany Invoicing and Procurements.

Accruals Management is another piece within Finance Operating Platform, which is responsible for

  • 1. Accruals booking
  • Prepaid Reconciliation
Intercompany Invoicing and other month end accounting activities.

Job Title:

Associate Level 1

Date:
2023

Department:
Finance Operations Platform

Location:

Mumbai

Business Line / Function:

CIB

Reports to:
(Direct)

Lead

Grade:
(if applicable)

NA

(Functional)

NA

Number of Direct Reports:
NA

Directorship / Registration:
NA

POSITION PURPOSE:


The Jobholder is responsible for the timely and accurate reporting in financial accounting systems, production of the monthly expenses accounting including preparation of standard and ad hoc reports, calculation of intercompany charges/billing, responding to audit queries and coordinating with various teams to ensure proper completion of monthly deliverable.


All local accounting is performed in accordance with relevant and applicable instructions, requirements within the deadlines set forth, with complete audit trail to follow.


Responsibilities

DIRECT RESPONSIBILITIES:

Accounting Functions

  • Prepare and book closing entries (daily / monthly) in accounting and financial systems for accruals, prepayments, intercompany, rent deferrals, asset capitalization/retiral or writeoff, etc., as necessary.
  • Perform monthend financial closing for his / her entities
  • Perform reconciliation between Accounting system and Financial ledger to substantiate balances and breaks solving
  • Participate in the intercompany process:
  • Calculation billing charges to other BNP Paribas entities
  • Coordination with other region's Finance Expense teams and Tax team to ensure they are performing their respective intercompany closes and maintaining their respective algorithms.
  • Suggest updating to Counterparty service level agreements (SLAs) in liaison with Tax team
  • On a timely basis, provide complete and accurate financial data to the Reporting Team for report production
  • Provide assistance in responding to questions / requests for information to auditors, regulators
  • Escalating problems / issues to the team manager
  • Providing quality service to other groups

CONTRIBUTING RESPONSIBILITIES:

Projects, Systems Support, Operational Process Improvements

  • Assist in identifying process improvements in production, control procedures, and workflow organization to increase the team's efficiency and effectiveness
  • Participate in the upgrades / version releases of respective reporting tools, as well as system amendments / enhancements required to facilitate new / modified reporting requirements. In connection with this effort, assist in user acceptance testing and troubleshooting after deployment.
  • Help document operational process improvements in production, control procedures, and workflow organization to support team's efficiency and effectiveness initiatives. Also, assist in integrating and streamlining the reporting under the team's responsib

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