AVP - Financial Reporting & Control - Investment Bank - CA

AVP - Financial Reporting and control- Chennai - Investment Bank

CTC: Max 27 - 30 fixed lpa + variable

Mandatory Requirements:

Chartered Accountant

IFRS 9 and 16

Investment Banking Products Knowledge - swaps

Team handling

10+ years CA PQE experience

Position Purpose

- Manage a team supporting financial accounting process for London.

- Ensure that accounting production and statutory accounts is complete, accurate and compliant with Group accounting policies

- Contribute to the pre-closing process 

- Perform and document accounting controls and analysis

- Contribute to the automation of certain accounting processes and the standardisation of booking schemes among entities. 

Responsibilities

- Review the financial monthly financial accounting production and annual statutory accounts for subsidiaries 

- Review the reconciliations and ensure clearance of open items in reconciliations in a timely manner

- Follow up/raise escalations with the respective stakeholders for open items 

- Contribute to accounting controls and analysis as defined by the  Standard Accounting Control Plan. 

- Contribute to inter-company transactions reconciliation.

- Ensure the good coordination with the Regional Financial Accounting team, in particular during the pre-closing process and whenever an accounting issue needs to be addressed 

- Participate to Finance Projects linked to Financial Accounting

- Application of accounting processes and checks in respect of financial accounting under IFRS and French GAAP.

- Review account activity/daily ledgers for posting errors and back-value transactions

- Review ledgers and perform account and transaction analysis for a set of entities

- Analyse, 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

- Review month-end substantiation packages for multiple legal entities.

- Assists with audit requests from External Audit, Regulators and internal control teams. Contributing Responsibilities 

- Contribute to BNP Paribas operational permanent control framework. 

- Monitor Financial Reporting through key performance and key risk indicators. In particular contribute to the elimination of manual reclassifications and warnings/missing items. 

- Report incidents and accounting issues

- 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 Technical & Behavioral Competencies 

- Ability to manage a team Strong knowledge of accounting under IFRS Strong knowledge of Financial Products 

- Comfortable with basic office tools (Lotus Notes, MS Word, Outlook) Excellent knowledge and use of MS Excel 

Specific Qualifications  - Chartered Accountant