Senior Associate - Intercompany

The main responsibilit of SMS SPOF team is of month end closing along with providing oversight and control over day-to-day transactions, operations and activities required for the daily activities, They will ensure that reconciliation breaks are investigated, understood and a GL impact assessment completed to determine whether the GL requires adjustment for the monthly closing. In addition, remediation action required must be documented and appropriate action taken to oversee any required changes to the reconciliation process or the General ledger.

A. Accounting & Control Functions

1. Assist in Stakeholder management and people management.

2. Support in conducting preclosing and debrief meeting with client

3. Prepare and book daily/monthly entries (Accrual, MTM booking,operations etc.)

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

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

6. Review and account transfer of results of the subsidiaries, branches and the Head office,

7. Review and account all the fund repatriations between all the branches and the Head office,

8. Review and account dividend payment by various entities.

9. Assists with audit requests from External Audit, Regulators and internal control teams.

10. Update and review mapping tables.

11. Perform Financial Statements analysis for each entity.

B. Reporting and Analysis

1.Performs equity and securities reporting as per IFRS and French GAAP for multiple legal entities including Head office and its branches.

2. Preparing financial statements (US GAAP and IFRS).

3. Preparation of various management reporting and analytical review commentary of the movements.

C. Reconciliations

1. Enforce controls and ensure that all the assets, liability equities and income statement are in reconciling; prepare balance reconciliation schedules.

2. Prepare reconciliation between source and general ledger and identify gaps.

3. Analyze, 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.

4. Prepares month-end substantiation packages for multiple legal entities.

5. Reconciliation of branches fund repatriations and result allocation reporting with its head office reporting.

6.Accounting and reporting reconciliation result allocation, repatriations balances and dividends with Its relevant supporting for various entities.

Others :

Perform the Regional competence center Intercompany Processes along with supporting the head

Drive the production of the Financial and Management accounting for a business unit (entity or business line)

Build the coordination and governance between Platforms and Regional Finance teams for efficient delivery and optimal set up

Engage with the Finance Controllers to discuss financial and management accounting results, trend and variances

Promote the OFS processes and usages from the financial and management accounting, controls and reporting perspective, in close coherence with the F&S practice

Prepare the Standard Operating Processes (SOPs) for productions teams to follow in the target operating model

Perform account activity/ ledgers for accuracy of financial data and drive timely and accurate inter-company reconciliations

Build a strong control environment as defined by the BNP Paribas Standard Accounting Control Plan and ensure a strong level 1 control framework

Engage with External Audit, Regulators and internal control teams and drive the resolution of their queries

Execute the BCM responsibilities for respective team/business:

Define and implement proper permanent controls on BCP activities on their scope

Contributing Responsibilities Change Management

1.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 troubleshooting after deployment.

2.Assist in identifying operational process improvements in production, control procedures, and workflow organization to increase the teams efficiency and effectiveness. Also assist in integrating and streamlining the reports under the teams responsibility

3.Observe the banks policies and procedures

4.Assist in any special project or request as directed by management g

1.Knowledge of IFRS and US GAAP reporting and analysis experience in a medium to large organization. Experience in financial reporting and analysis includes preparation of US GAAP and IFRS financial statements and financial reports for senior management.

2.Basic Corporate Banking product knowledge

3.Ability to obtain and maintain a thorough understanding of the general ledger structure and financial reporting

4.Ensure an accurate and timely monthly, quarterly and year end close

5.Work with the Controller to ensure a clean and timely year end audit

6.Support Controller with special projects and workflow process improvements

7.Ability to learn new systems and products quickly

8.Knowledge of business desktop applications (MS Outlook, Word, and PowerPoint)

9.Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs)

10.Effective analytical, organizational, and problem-solving skills

5+ years experience of financial and/or management accounting experience

5+ Chartered Accountant or 7+ experienced MBA or Semi Qualified CA

IFRS or US GAAP experience preferred

Ability to deliver excellent results within the established timeframes while managing multiple priorities

Strong attention to detail

Excellent analytical and self-motivational skills

Strong communication skills, both written and verbal

Self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment