Senior Associate, Accounting

Senior Associate, Accounting

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We're seeking a future team member for the role of Senior Associate, Accounting to join our Business Partners - Corporate Staff team. This role is located in Chennai, Tamil Nadu – HYBRID.

In this role, you'll make an impact in the following ways:

• Monitor month-end close activities and variance analysis, as well as general ledger balance sheet account reconciliations.
• Manage month-end closing of books of accounts, working on various sub-ledgers, accounting knowledge, and balance sheet reconciliation and reporting activities.
• Apply excellent knowledge and expertise in month-end close, accruals and prepaids, variance analysis, and lease accounting.
• Comprehend agreements and statements of work to determine the correct accounting treatment.
• Prepare and review journal entries, substantiate supporting documentation, manage intercompany affiliate transactions, and perform general ledger balance sheet account reconciliations.
• Make decisions and escalate issues to local or onshore management as appropriate.
• Proactively identify unique business scenarios throughout all aspects of the process cycle, think differently, formulate, and implement process improvements to drive speed and simplicity, gaining credibility and partnering across diverse cross-functional teams.
• Deliver analytical support for activities including audits, response to ad hoc requests, and various assigned special projects.
• Establish relationships and build connectivity as a self-starter, passionate, and effective communicator.
• Build relationships with stakeholders to deliver customer-centric solutions.
• Deploy best practices gained from earlier experience focusing on process improvement and elimination of manual efforts.
• Contribute towards automation and process improvement, supporting team members by assisting with accounting concepts and identifying potential manual areas to automate.
• Ensure financial data integrity by maintaining completeness, accuracy, timeliness, and accessibility; uphold effective controls compliant with SOX, USGAAP, and relevant accounting standards.
• Apply policies and standards from Global Process Owners and Technical Accounting COE; properly use the BNYM Standard Chart of Accounts and maintain consistent data definitions.
• Lead and coordinate ad hoc/special projects as needed; actively participate in demand and service management processes.

To be successful in this role, we're seeking the following:

• 12+ years of experience in Record to Report (R2R - General Accounting).
• Qualifications: M.Com / MBA / CWA-Inter / CA-Inter with 10 or more years of post-qualification experience, or CA, CPA, or CWA with 6 or more years of post-qualification experience.
• Good written and oral communication skills.
• Strong problem-solving skills.
• Demonstrated expertise in finance and accounting, with substantial experience managing complex global accounting operations across various business lines.
• Experience in client handling, preferably with overseas clients.
• A confident and calm demeanor with the ability to perform under pressure.
• Preferably, experience in Banking, Financial Services and Insurance (BFSI), Investment Management, and Investment Services.

At BNY, our culture speaks for itself, check out the latest BNY news at:

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Here's a few of our recent awards:

• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune, 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score,
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score,
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.