Senior Manager - GL Reconciliation - CA/CPA/CMA - Bank

One of our leading Banking clients in Hyderabad is looking for Sr. Manager role who has strong work experience in GL Reconciliation.

Designation : Sr. Manager (Supervisory)

Qualification : CA / CPA/CMA

Location : Hyderabad

- Experience Range 7 -10 years of experience in finance, accounting, Reconciliations /or operations.

Mandatory skills:

- Strong understanding of the reconciliation process and an aptitude for technical and project work.

- Strong Accounting Standards Knowledge

- Strong organization and People management skills.

Desired skills:

- Desired Exposure to International Accounting & Reporting Standards (US GAAP- s, FAS, IFRS)

- Able to work in a fast paced, deadline oriented environment.

Work Timings: 2PM to 11 PM

Responsibilities

Key Responsibilities of the incumbent in the role :

- Be responsible for the overall smooth functioning of the GIRC process and deliverables through the various reconciliation verticals and teams.

Relationship management : Maintain effective business partner relationships with all stakeholders - internal and external.

- Review current infrastructure for the GL account reconciliations process and reporting of GL balances and outstanding items in a timely and accurate manner and suggest / initiate enhancements.

- Create infrastructure for constant monitoring of the accounts to ensure that the transactions adhere to the account usage requirements, identify gaps and work with business partners to fix them.

- Review and enhance QA methodology.

- Create infrastructure for constant dissemination and review of open items based on thresholds and work with business partners, LOB Controllers, business units to resolve .

- Set up and operate a governance mechanism to ensure high rate of compliance for accounts reconciled under the teams ownership.

- Advising, monitoring and/or assisting reconciling units on issue resolution.

- Identifying the underlying risk in relation with accounting GAAPs, regulatory reporting and SOX requirements.

- Assessing SOX controls in reconciliation process.

- Monitoring and evaluating risk related to reconciliation activity in conjunction with GRG.

- Taking necessary measures to ensure that action plans are developed to address compliance gaps and executed on a timely basis.

- Ensuring completion of the required GRG training for employees engaged in the reconciliation process

- Escalating and reporting key issues and status for review.

- Conduct Periodic Performance Appraisals and Associate development plans.

- Be a Subject matter expert and a go to person for the team within GIRC for all process related matters.

- Keep close tab on end to end deliverables of the GIRC team - set up appropriate tools / metrics for the purpose.

- Ensure that the QA assessments are done and completed as required.

- Escalate as required to the Lines of Business / business partners or internal line management any issues that could constitute breach of recons policy / procedures within the account groups.