Associate Level 1

1 month ago

Mumbai, India BNP Paribas Full time

**Job Description** - **Finance Operating Platform** (Accruals Management)**

**About BNP Paribas Group**:
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the 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 Business Line/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
- Accruals booking
- Prepaid Reconciliation

Intercompany Invoicing and other month end accounting activities.

**Job Title**:
Associate

**Date**:
09/08/2021

**Department**:
FOP

**Location**:
Mumbai

**Business Line / Function**:
CIB

**Reports to**:
(Direct)

**Grade**:
(if applicable)

(Functional)

**Number of Direct Reports**:
Nil

**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 write-off, etc., as necessary.
- Perform month-end 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 Counter-party 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 trouble-shooting 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 responsibility.
- Provide cross-training to colleagues and perform specific duties as assigned (e.g. coverage for colleagues)

**TECHNICAL & BEHAVIORAL COMPETE

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