Balance Sheet Reconciliation Manager

Manager-Balance Sheet Recon

MNC Bank KPO

Location-NCR

- Balance Sheet Reconciliation is a critical function in Finance with the advent of Sarbanes-Oxley (SOX).

- Balance Sheet Reconciliations team provides service to multiple business partners across various various sites and entities. The team is responsible for all Balance sheet accounts are reconciled to ensure that the account balance is complete, accurate and reasonableness of ending balance can be substantiated as per the agreed PLA.

Role Purpose & Job Description

Purpose:

Manager (Reviewer/Project Management) role is primarily responsible for

- Performing critical functions and reviewing critical reports and an SME for the department.

- Managing various projects in the vertical to deliver the results on time.

- It is a tactical management role to work and coordinate with multiple stakeholders without direct authority.

- Focus on achieving the objectives of the department through effective process, people and customer management.

Responsibilities:

- Deliver results as per PLA

- Improve and sustain quality standards of Balance Sheet Reconciliation Process.

- Acts as an SME (Subject Matter Expert) for the department & provide analytical dimension to the process

- To understand the financial implications of reconciliation activity

- To conduct process reviews to identify key risks and formulate remediation plans

- Be the first point of contact for all Project Governance related activities

- Provide support to business decisions through analysis of business and financial data and execution of critical projects

- Publishing and sharing the monthly dashboard with Business Entity Controller.

- Escalate and follow-up till resolution on ageing and other control issues in the process.

- ANALYTICAL REVIEW-Prepare / Update operating procedures, PLA’s and SLA’s with business partners

- ANALYTICAL REVIEW-Perform Peer Level Reviews

- ANALYTICAL REVIEW-Perform Data Integrity checks

- Knowledge management-Conduct Trainings for new joiners

- Exceptional Handling / Troubleshooting - Highlight exceptions / troubleshooting / system issues on timely basis and Execute on Solutions

- Strategy / Vision-Execute on Strategic initiatives of the vertical

- Business Partner relationship-Execute action plan around KPI Slippages / BP Feedback

- Manage coordination, communication and relationship between process area and business functions & handle escalations as per guidelines

- Contribute to short and long-term organizational planning and strategy

- Be a role model for the team

- Process Improvements- Generate & execute process improvement Ideas in operational/transactional accounting activities

- To ensure operating procedures, PLA's and SLA's are reviewed on a yearly basis and signed off with business partners.

Skills/Experience Required

- Knowledge of SOX/COSO/Internal Control Framework/IFRS / US GAAP preferred

- Ability to interpret data to be presented to manager and possess strong lateral thinking / analytical review skills

- In-depth functional experience in accounting for all Balance sheet / Income statement heads

- Ability and experience of managing customer relationships/ service delivery

- Experience of 2 years in the Financial Services Industry in Finance and Accounting domain preferred

- Hands on Experience using MS Office applications

- BCom /M Com/ CA(Inter)/ CWA (Inter): 7-12 years

- CA/CWA/MBA: 5-8 years

Please mark subject line as 'Manager-Balance Sheet Recons' and mail to arvind@leadsearch.biz

Please mention current CTC & notice period