Product Accounting Manager - CA/ICWA - Capital Markets

The Product Accounting Manager will be responsible for all aspects of US GAAP, IFRS, German accounting for Capital Markets products and day-to-day management of a team of 5-20 experienced Accounting professionals (the level specialists and analysts) that provide support to Global Product Controllers group. This individual will provide subject matter expertise in the area of accounting related to Capital Market Products which include:

- Investment Securities - Derivatives & Stable Value WRAP

- Loans - FX Currency Translation

- Unused Commitments - Long Term Debts

- Letters of Credits - Preferred Stocks

- Credit Enhancements - Repo/Reverse Repo & Securities Finance

Qualification - Qualified CA / ICWA

In addition to Business As Usual (BAU) responsibilities as described above, this role will lead the process re-engineering, standardization, and automation efforts.

Responsibilities:-

Business As Usual (BAU) Activities:

- Collaborate closely with the onshore team to understand expectations and deliverable timelines and ensure that deliverables of the team are load balanced as compared to team staffing.

- Develop the team to adopt - owner's mind set-, work independently, and effectively manage timelines

- Manage resources to assist with ad-hoc projects and new transactions to support the GAO Accounting controller group

- Lead the day to day activities of an accounting and reporting team that is performing Accounting & Reporting

- Performing managerial reasonableness reviews and discussing reporting & analytics deliverables prepared by the team to ensure results make sense, that messaging is on point for the audience and ensuring the core objective of the deliverable is met

- Provide support to key stakeholders of the team to present analytical results, findings

- First point of escalation within the local reporting line for dealing with issues (people/process/technology) and ensuring that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)

- May be required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include variance analysis and accounting transactions.

- May serve as a subject matter expert on a particular accounting transaction.

- Coaches the team and works with onshore leadership to establish the team member goals and gather feedback for performance appraisals.

- Participate in or manage function specific projects as needed

- Ensure completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team.

Process Re-Engineering, Standardization, and Automation:

- Lead the process Re-Engineering, Standardization, Automation

- Responsibility for ongoing process improvements

- Responsibility for execution of right-placement strategy

- Implementation support of the GAO process re-engineering and automation efforts

Expectations:

- 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 Capital Market Products (i.e. Derivatives and Hedging ASC815, Offsetting of Amounts Related to Certain Contracts FIN39, Accounting for Certain Investments in Debt and Equity Securities FAS115, Loans Accounting)

- Extensive experience of managing teams performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accounting

- Experience of leading re-engineering of R2R (record-to-report) processes and driving similar centralization of the end-to-end activities for the major financial institutions