Position- AM- Financial reporting and accounting
Location- Mumbai (Goregaon or Thane)
About Function: The Team is responsible for the timely and accurate reporting in financial and management accounting systems, production of the monthly expenses / revenue accounting and management reporting including preparation of standard and ad hoc reports, supporting the annual expense budget & periodic forecasts exercise, calculation of intercompany charges/billing, ensure the accuracy of transactional level details, calculate and report cost of risk charged to investment-banking activities and report revenue at the client, business and contract levels, responding to audit queries and coordinating with various teams to ensure proper completion of monthly deliverable.
All local reporting is performed in accordance with relevant and applicable instructions, requirements within the deadlines set forth, with complete audit trail to follow.
Position Purpose:
The Jobholder is responsible for the timely and accurate reporting in financial and management accounting systems, production of the monthly expenses / revenue accounting and management reporting including preparation of standard and ad hoc reports, supporting the annual expense budget & periodic forecasts exercise, calculation of intercompany charges/billing, ensure the accuracy of transactional level details, calculate and report cost of risk charged to investment-banking activities and report revenue at the client, business and contract levels, responding to audit queries and coordinating with various teams to ensure proper completion of monthly deliverable.
All local reporting is performed in accordance with relevant and applicable instructions, requirements within the deadlines set forth, with complete audit trail to follow.
Responsibilities
Direct Responsibilities
Management Accounting & Control Functions
· Perform reconciliation between various Management accounting systems to substantiate balances and breaks pertaining to both expenses and revenues.
· Post monthly entries (accruals/prepayments) & Flash/Actuals adjustments in management accounting system for correct management reporting, as applicable
· Ensure monthly revenues reporting (Flash/Actuals) & other related management reporting (Cost of Risk/European Central Bank reporting/etc) to Head Office are completed within pre-set deadlines
· Ensure completion of client level loading/reporting tasks, FA/MA certificates and other Management reports
· Actively participate in the budget and forecast exercises following HO and Regional PM guidelines
· Assist in monthly system parameters checking; update and maintain referential (i.e. mapping tables) for which the team is responsible
· Work closely with regional Meter PMs / Country PMs and Head Office Finance in analyzing business performance
· Provide analysis and response to questions raised by HO Finance / Regional Finance / internal management
· On a timely basis, provide complete and accurate financial data to the Reporting Team for report production
· Preparation of business line wise reports providing insights to the management on business performance (covering P&L and headcount) using BI solutions such Tableau, Alteryx, Power BI
· 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
· Perform necessary controls, raising questions to the senior reporting analysts for further guidance on material issues
· Document and keep procedures for the production of all reporting tasks up-to-date
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 formulate system enhancements for operational process improvements in production, control procedures and workflow to increase efficiency and effectiveness. Assisting in integrating and streamlining reporting under the team’s responsibility.
· Provide cross-training to colleagues and perform specific duties as assigned (e.g. coverage for colleagues
Technical & Behavioral Competencies
- Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
- Expert knowledge of Accounting and Financial Management, IFRS knowledge would be an added advantage
- Expert knowledge of Windows suites including MS Excel, Word and Power Point. Writing macros in MS Excel / Visual Basic coding would be added advantage.
- Meticulous, eye for detail and should be able to work under pressure
- Good communication and interpersonal skills
- Former audit experience or experiences on the accounting controls within a Finance function in Banking and Financial Services (mandatory)
Specific Qualifications:
- Chartered Accountant or experienced MBA or Semi Qualified CA (no.of years differs at each level from 2 to 8 years of experience)
- Experience of financial and/or management accounting experience (no.of years differs at each level from 2 to 8 years of experience)
- IFRS or FRENCH GAAP experience preferred
- 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 (Required knowledge, skills and abilities)
Technical Skills:
- Management Accounting and Reporting experience
- Excellent analytical skills
- Microsoft suite (Excel, PowerPoint, Word, etc.)
- Strong attention to detail
- Good communication and interpersonal skills
Behavioral Skills:
- Ability to deliver excellent results within the established timeframes while managing multiple priorities
- Ability to collaborate / Teamwork
- Ability to deliver / Results driven
- Client focused
- Ability to develop and adapt a process
- Ability to set up relevant performance indicators
Education Level: CA/Inter CA with relevant years of experience
Source: Company career page
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