Financial Accounting Associate

6 days ago

Chennai, India WELLS FARGO BANK Full time

**About this role**:
Wells Fargo is seeking a Financial Accounting Associate to support Fixed Assets and Construction Project Accounting processes. This role reviews accounting transactions related to construction projects, records the fixed assets, performs various fixed asset maintenance, and other general accounting functions.

level of accuracy.

**In this role, you will**:

- Review large, more complex construction projects to determine capital vs. expense accounting treatment
- Prepare cost segregation of fixed asset costs for tax reporting
- Review multiple invoices and other supporting documentation to determine appropriate Fixed Asset categories
- Create and process Fixed Asset transactions in SAP and PeopleSoft systems
- Research and validate general ledger coding and building entity location details
- Review system generated depreciation of Fixed Assets, and process depreciation accruals when warranted
- Prepare periodic Fixed Asset reports for Tax, Audit, and other ad hoc requests
- Perform international project review and foreign currency exchange clearing
- Monitor deadlines and cutoffs for issue avoidance

**Required Qualifications**:

- 5+ years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of thefollowing: work experience, training, military experience, education

**Desired Qualifications**:

- A Bachelor's/Master's degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
- Fixed Asset Accounting and Tax experience
- 2+ years of experience creating pivot tables and performing data analysis in Excel
- Knowledge and understanding of SAP and PeopleSoft

**We Value Diversity**

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

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