Assistant Manager – FS BS

Employment contract:

Standard / Permanent

Location:

Mumbai, Maharashtra, India

Job/mission:

FINANCE ACCOUNTS AND MANAGEMENT CONTROL

Reference:

FIN003670

 

 

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 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.

 

About BNP Paribas Group:

 BNP Paribas is the European Union’s 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 Group’s commercial & personal banking and several specialised 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 Group’s performance and stability

 

 

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.

 

About Businessline/Function :

 

Financial Accounting and Reporting team is a team with expertise in :

1.     Financial reporting through IFRS and FGAAP, including reporting for complex entities/products and taxation

2.     Financial accounting for various structured products/entities including Statutory Financial Statements preparation

3.     Consolidation of financials including intercompany reconciliation and global CIB Intercompany coordination

 

 

 

 

 

Job Title:

Manager

Date:

 

2022

Department:

Financial Accounting & Reporting

 

Location:

Mumbai/Chennai

Business Line / Function:

Finance Shared Services

 

Reports to:

(Direct)

Manager

Grade:

(if applicable)

(Functional)

 

Number of Direct Reports:

Directorship / Registration:

NA

 

 

Position Purpose

The Financial Accounting 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.

 

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 team’s efficiency and effectiveness. Also assist in integrating and streamlining the reports under the team’s responsibility

·       Observe the bank’s 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 7+ years

 

·       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

 

 

Choose an item.

 

 

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 7 years

 

 

Other/Specific Qualifications (if required)

 

 

·       CA

  • Financial Services accounting experience

 

 

 

 
 
 
 
 
 
 
 

 

 

 

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 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.

 

About BNP Paribas Group:

 BNP Paribas is the European Union’s 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 Group’s commercial & personal banking and several specialised 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 Group’s performance and stability

 

 

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.

 

About Businessline/Function :

 

Financial Accounting and Reporting team is a team with expertise in :

1.     Financial reporting through IFRS and FGAAP, including reporting for complex entities/products and taxation

2.     Financial accounting for various structured products/entities including Statutory Financial Statements preparation

3.     Consolidation of financials including intercompany reconciliation and global CIB Intercompany coordination

 

 

 

 

 

Job Title:

Manager

Date:

 

2022

Department:

Financial Accounting & Reporting

 

Location:

Mumbai/Chennai

Business Line / Function:

Finance Shared Services

 

Reports to:

(Direct)

Manager

Grade:

(if applicable)

(Functional)

 

Number of Direct Reports:

Directorship / Registration:

NA

 

 

Position Purpose

The Financial Accounting 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.

 

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 team’s efficiency and effectiveness. Also assist in integrating and streamlining the reports under the team’s responsibility

·       Observe the bank’s 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 7+ years

 

·       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

 

 

Choose an item.

 

 

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 7 years

 

 

Other/Specific Qualifications (if required)

 

 

·       CA

  • Financial Services accounting experience