Avp

Job Title: AVP
Location: Chennai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

Working Flexibly
We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.
If you would like some flexibility, then please discuss this with the hiring manager.

Hybrid Working

Please discuss the detail of the working pattern options for the role with the hiring manager.

Introduction:
Primary purpose of this role is to manage the month end close process through the strategic tool - Accrual and Prepayment Engine (APE), Collaborate with Technology and Change management in finance projects impacting APE with more focus on Controls and Governance

What will you be doing?
- Accountable for timely & accurate month-end close process across clusters & functions.
- Ensure end to end functionalities and reporting capabilities of the automated tool APE are clearly understood in a granular level
- Ensure to have detailed understanding of each cost category of accrual managed and their accounting treatment, source of accrual inputs, dependencies and challenges
- Review of aged accrual metrics and establish robust process with FBPs
- Provide Month end close support for multiple functions, facing off to the Cost Lead & FBPs
- Custodian for APE static table maintenance
- Work with Change Management team on various finance project impacting the month-end close process like Faster Ledger Close, Coupa Deployment, SAP Projects etc.
- Ensure all control and governance activities are regularly carried and update provided to management like EUDA review, RCSA etc
- Ensure periodic review of A&P guideline, desk procedure notes of non-purchase order based accrual / prepayment, APE system workflow and guideline to ensure they are update, robust and covers all key aspects at all time.

Month end Close
- Accruals & Prepayments - Pre-month review of expense and accruals, Calculation of accruals and maintenance of calculation models, liaise with FBPs to ensure posting of accruals, prepayments and expense re class (if required) & Adequate substantiation of accruals and prepayments,
- Flash Process - Review and analysis of Flash Results, ensure month-end landing position is accurate and process necessary adjustments adhering to FLC guideline.
- Balance Sheet Reconciliation & Sign-off - Substantiation and reconciliation of all accruals and prepayments posted by the team, Balance sheet reporting by account line & Account Ownership sign-off
- Liaison with internal / external auditors

Control and governance:

- Presenting monthly dashboards and MI to respective Lead FBPs & Business Managers for detailed review of aged accrual.
- Monitoring and highlighting the risk and opportunities

Reporting
- Produce accurate, timely and reliable Balance sheet metrics covering all clusters and functions
- Monthly aged accrual reports to FBPs and Financial Control team on need basis.
- Update and improve reports (in line with business objectives) focusing on scalability, efficiency and effectiveness

Project/Transformation:

- Provide active support in executing Transformation Projects, Procurement country deployments, Faster ledger close projects

Hierarchy & Reference data management
- Good understanding of Barclays systems and cost landscape, data flows, ledger interfaces
- Identify the opportunities for scalability of current footprint and work towards establishing a larger coverage
- Custodian for APE static table maintenance

What we’re looking for:

- Post graduate qualification in a numerate/information discipline desirable
- CA and/or MBA (Finance) with a strong academic record
- Experience in Financial Reporting, Control, Planning and/or Analytics
- Proven working experience in a Techno-Functional project management within APE /SAP/Coupa
- Complete understanding, strong expertise & wor