Develop the team to adopt “owner’s mind set”, work independently, and effectively manage timelines
May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported.
Develop subject matter expertise in all aspects of the products under responsibility including operational aspects of a particular accounting transaction.
Participate in or manage function specific projects as needed
Ensure high quality and completion of deliverables within the committed timeframe. Team deliverables revolve around;
Daily:
Monitor daily reconcinilations, proofs, and ensure the breaks are tracked to close.
Ensure the FX WSS FO reports are in sync to the GL
Prepare and review daily FX PNL across the North America region and work closely with the Traders to get confirmations and resolve any open issues.
Weekly:
Prepare Regulatory reporting FC 1 and Weekly Fin 39 for Open FX exposures
Prepare and journalize the Cash collateral netting entry for FX Collateral exposures
Monthly:
Coordinate month-end close including prepare manual journal entries and export accounting system reports
Review/Prepare account reconciliations and certification
Perform month end tie outs for various products with FX source systems with the ledger
Quarterly:
Prepare Regulatory, SEC
Perform SOX control testing
Ad-Hoc:
Prepare and update process narratives/procedures and flow charts
Response to internal and external requests including variance analysis and inquires
Participate in Ad Hoc projects and new transactions
General ledger account requests
Accounting systems maintenance and upgrade
Responsibility for ongoing process improvements
Assist in implementation of the GAO process re-engineering and automation efforts
Education and Experience:
Master’s degree in accounting, Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with 7-10 years of progressive experience in R2R areas with major financial institutions
Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards for the above areas, experience with other accounting standards (German, etc.) is a plus
In depth knowledge of Derivatives ASC815, Offsetting of Amounts Related to Certain Contracts FIN39 Accounting
In-depth knowledge of the Derivatives.
Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.
Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing, procedures and strong internal controls.
Experience working with muti-geographical processes process
Extensive experience performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accounting
Experience with R2R (record-to-report) centralized processes
Skills required:
Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
Knowledge of Hyperion Essbase, Oracle Financials
Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
Excellent communication skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC
Independent decision-making capabilities
Pride of ownership with the ability to deliver high quality results timely
Self-motivated, self-assured, and self-managed
Strong analytical ability to analyze and summarize financial transactions related to the products supported
Strong attention to details
Problem solving skill
Highly organized with ability to multi-task and work under high pressure deadlines
