AM - Balance Sheet Reconciliation - CA - BFSI

Hiring for Asst Manager - Balance Sheet reconciliation for Leading Banking Company in Chennai

Exp : 3 – 5 Years

Qualification : CA is Mandatory

Location : Chennai

Exp into Balance Sheet Reconciliation reconciliations

Exp into Banking domain

Job Description:

Qualification/Eligibility Criterion:

- Proof owner – Financial background with a conceptual and working knowledge of accountancy. Banking domain knowledge is must.

Qualification – Graduation in B.Com (Accounts), CA Qualified

- Account Owner – Financial background with a conceptual and working knowledge of accountancy. Banking domain knowledge is must.

- Qualification –Graduation in B.Com (Accounts)/ CA- Qualified

Job Profile:

- Balance Sheet Reconciliations / Proofs are an independent control process which aims to ensure the integrity of Balance Sheet accounts through the validation of balances compared to source documents and reports by individuals / units independent of the transaction processing. Reconciliations / Proofs are to be done daily, weekly or monthly depending on the nature of the account being proofed.

- The end-to-end Reconciliation / Proofing process is focused on ensuring that each account balance is fully substantiated and that the balance in the General Ledger agrees with supporting documentation. All reconciliations must be subject to a maker checker control, in which the checker (Account owner) must be senior to the maker (Proof owner). The PO and AO have joint accountability to ensure that all balance sheet accounts are properly reconciled and fully supported.

The functions of the PO include:

a. Understanding the flow of transactions

b. Performing an independent recon between the General ledger & supporting documentation

c. Explaining fully the composition / nature of the total balance

d. Ensuring each reconciliation includes proper supporting documentation for all balances

e. Identifying the proofing exceptions and their root cause

f. To escalate to AO any amounts deemed to be “At Risk” or aged greater than benchmark.

The functions of the AO include:

a. Understanding the flow of transactions

b. Identifying the proofing exceptions and their root cause

c. Devising action plan and target date for the resolution of the exceptions so identified.

d. Ensuring documentation is prepared to support balances aged greater than benchmark
Specify corrective action for At risk items and clearing items that are in violation of the benchmark

Interested candidates can drop there resume to mailid: hyd11@livecjobs.com feel free to reach me @ 9703633608

Teja | Live Connections
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