CAE_APAC_FA_Associate

Description

Job Title: Financial & Management Accounting – Assistant Manager

Department: Subject Matter Streams

About Business line/Function: The ISPL Financial Shared Services (FSS) Platform performs production and reporting activities delivered to onshore teams focused on fronting activities, and provides offshore support to nearshore teams, thus fostering standardization and Finance transformation. It is split into three components with the following missions: i.e. APAC Regional FSS, Global FSS and World Wide FSS.

Position Purpose: The main responsibility of the Subject Matter Stream (SMS) is to ensure the accuracy of the production of the financial and management accounting ledgers through a new BNP Paribas tool (OFS). Understanding the activities, the tools, the data flow and processes, as per the Target operating model is key to the function. Ensuring these processes are followed and duly documented, putting in place the adequate level of controls.

Responsibilities

Direct Responsibilities

• Review the preparation and booking of daily/monthly entries (Accrual, Provisions, etc.)
• Enforce controls to ensure data quality in ledgers.
• Monitor 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
• 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
• Assist in monthly system parameters checking; update and maintain referential (i.e. mapping tables) for which the team is responsible
• Reallocation of costs to relevant business lines
• Create schedules for Fixed Income disclosures and reporting as per IFRS13
• Prepares month-end substantiation and sign off balances along with relevant documentation for multiple legal entities
• Assists with audit requests from External Audit, Regulators and internal control teams.
• Follow up on the outstanding issues and escalate to the correct contact and work towards resolution
• Run control book daily and ensure the data quality is maintained in OFS ledger.
• Transform the accounting data into management accounting (profitability and cost allocation by Business Line) following the MARP (Management Accounting Rules and Principles)
• Understanding of accounting schema, reconciliation of intercompany process with a proper follow up and respective documentation
• To support countries in preparation and reporting of Intercompany transactions (Transfer pricing local files)
• Work on Data quality and related adhocs
• Performs reporting, analysis, and related activities for multiple legal entities from various activities including Global Market & Global banking activities, financing activities

Contributing Responsibilities

Projects, Systems Support, Operational Process Improvements

• Take part in upgrades User acceptance testing and new‑release implementation of the relevant reporting tools.
• Help pinpoint and implement operational improvements in production, control procedures, and workflow design to boost team efficiency and effectiveness.
• Always adhere to the banks policies and procedures.
• Support special projects or ad‑hoc requests as assigned by management.
• Support FSS teams on IG missions, audits and reviews

Technical & Behavioral Competencies

• Ability to adapt to changes
• Capability to work and interact with various people of different expertise and level.
• Client focus
• Collaborative worker & team player

• Chartered Accountant with at least 3-5 years post qualification experience

Skills Referential (Required knowledge, skills and abilities)

• Expertise in accounting of banking products/activity and on IFRS
• Knowledge of financial reporting processes in Banking and Capital Market industry
• Knowledge of Corporate and Investment Banking (CIB) activities and products
• Good communication (oral and written), organization and documentation skills.
• IFRS & French GAAP accounting principles

• Attention to detail/rigor
• Strong oral and written communication
• Ability to synthesize and simplify complex information
• Collaborative teamwork orientation
• Analytical ability; anticipate business/strategic evolution
• Process development and adaptation
• Project management
• Ability to inspire and generate commitment

Education Level: CA with 3-5 years experience

Location: Mumbai / Bangalore

About BNP Paribas Group

BNP Paribas is the European Unions leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Groups commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Groups performance and stability.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Unions leading bank 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 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.