Financial & Management Accounting Professional

Position Purpose

The Subject Matter streams team is primarily responsible for month end closing along with providing oversight and control over day-to-day transactions, operations and activities required for the daily activities, including the recording of revenue arising from transactions from various activities including Global Market activities and Financing activities.

Responsibilities

Direct Responsibilities

• Accounting & Control Functions
• Prepare and book daily/monthly entries (Accrual, MTM booking, etc.)
• Enforce controls and ensure that balance sheets are in balance; prepare balance sheet reconciliation schedules.
• Prepare reconciliation between source and general ledger and identify gaps.
• Review daily transactional account activity/daily ledgers for posting errors and back-value transactions
• Review ledgers and perform account and transaction analysis for a set of entities.
• Analyze, reconcile, and review all accounts under their responsibility by performing a variance analysis of corresponding revenue/balance sheet items, highlighting trends, and following up on questions/ concerns
• Prepares month-end substantiation packages for multiple legal entities.
• Ad-Hoc Requests (profit center creation) / Intra day
• Assists with audit requests from External Audit, Regulators and internal control teams.
• Update and review mapping tables.
• Working knowledge on source & ledger reconciliation, BOGL reconciliations, identifying and investigating gaps.
• Knowledge of various Broker Dealer products & services like Repo, Securities Lending & Borrowing, Margin Lending, Client Margins, custodial services, etc.
• Working Knowledge on daily & weekly capital and customer reserve calculation
• Knowledge on Monthly Focus Report x 17A -5, Quarterly Focus SSOI Supplemental Statement of Income and OBS report, etc.
• Knowledge on form 99 (form which is used for tracking and reconciling outstanding balances in suspense) & form 27F (form to be submitted to SEBI)
• Reporting and Analysis
• Performs financial reporting, analysis, and related activities for multiple legal entities from various activities including Global Market activities, financing activities.
• Assist in preparing financial statements (US GAAP and IFRS).

Contributing Responsibilities

• 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.
• Assist in identifying operational process improvements in production, control procedures, and workflow organization to increase the teams efficiency and effectiveness. Also assist in integrating and streamlining the reports under the teams responsibility
• Observe the banks policies and procedures
• Assist in any special project or request as directed by management

Technical & Behavioral Competencies

• Knowledge of IFRS and US GAAP reporting with minimum years of financial reporting and analysis experience in a medium to large organization. Experience in financial reporting and analysis includes preparation of US GAAP and IFRS financial statements and financial reports for senior management.
• Basic Corporate Banking product knowledge
• Ability to obtain and maintain a thorough understanding of the general ledger structure and financial reporting
• Ensure an accurate and timely monthly, quarterly and year end close
• Work with the Controller to ensure a clean and timely year end audit
• Support Controller with special projects and workflow process improvements
• Ability to learn new systems and products quickly
• Knowledge of business desktop applications (MS Outlook, Word, and PowerPoint)
• Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs)
• Effective analytical, organizational, and problem-solving skills

Specific Qualifications (if required)

CA with upto 1-2 yrs exp/MBA +4 yrs

Ability to deliver excellent results within the established timeframes while managing multiple priorities

Strong attention to detail

Excellent analytical and self-motivational skills

Strong communication skills, both written and verbal

Self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Active listening

Transversal Skills: (Please select up to 5 skills)

Ability to anticipate business / strategic evolution

Analytical Ability

Ability to set up relevant performance indicators

Education Level:

Master Degree or equivalent

Experience Level

At least 1 years

Other/Specific Qualifications (if required)

CA

• Financial Services accounting experience

Qualifications - External

CA with 1-2 years of experience

Non CA with 4/5 years of experience