Assistant Manager - Financial Reporting

Job Title: 

Assistant Manager

Date: 

Department: 

IFSO 

Location: 

Chennai 

Business Line / Function: 

Financial Reporting 

Reports to: 

(Direct) 

Manager 

Grade:  

(if applicable) 

Mid-Level 

(Functional) 

Manager 

Number of Direct Reports: 

0-5 

Directorship / Registration: 

Position Purpose 

BNP Paribas Securities Services Operations team is seeking a proactive and creative team player. The ideal candidate for this position will possess strong Financial Reporting knowledge and high exposure to IFRS and/or equivalent reporting standards.  Financial Reporting Accountant plays a key role in supporting the service delivery of the Fund Administration teams and meeting clients’ statutory reporting requirements.  He/she should possess knowledge in Fund Accounting, Unit Pricing, Investment Administration and Reconciliations areas and should understand the importance of accuracy in reporting.  Time management and the ability to operate effectively within critical time constraints in the area are important. 

The Financial Reporting Accountant prepares and produces accurate and quality reporting in line with SLA targets. He acts as an effective back up to his/her supervisor. He/she works with various teams and individuals in the operations division, enlisted with providing excellent client support and service. They deal in a pro-active and effective manner with the Fund Accounting teams and their counterparts in Sydney, Wellington and Singapore particularly overseeing, investigating and resolving complex client issues and ad hoc queries, on a timely basis. 

In addition to report preparation, the Financial Reporting Accountant is responsible for understanding and implementation of the operational risk and legislative requirements of Fund Administration and BNP Paribas policies, in particular, ensuring compliance with the implementation of the Operational Risk and Control framework. 

Responsibilities 

Direct Responsibilities 

Service Delivery: 

• Ensure timely completion of clients’ financial statements and regulatory reports as per standards defined and per SLA. Completeness includes accurate report generation, timely delivery of reports & archiving. 
• Ensuring Green KPI’s for all reporting items. Adhere to 100% timeliness/quality for all reporting items to avoid any financial impact/loss to the organization.
• Prioritize the work and guide the team in investigation with due diligence on all the discrepancies. 
• Oversee other ad-hoc duties, which may arise from time to time, mainly on month ends & year-ends are completed on time.
• Ensure review of critical queries before sent. Where issues/errors arise ensure detailed analysis of issues and clear understanding is gained before responding to client, spoke or other parties.
• Ensure that the Reports are thoroughly reviewed and most updated information is provided to spoke.
• Ensure all escalations are addressed without delay.

People: 

• Manage staff on daily BAU and to take corrective measures/actions, if required. Updating required staff/team adequately on any changes/new events impacting BAU. Should be proactively escalating the BAU/staff issues to Manager.
• Identifying the staff training requirement & ensure all the necessary training has been provided to the team members to perform the relevant tasks. Ensure skill matrix is up to date and undergoes periodic review.
• Ensure team is motivated by following a strong Rewards & Recognition culture.
• Conducting Daily Team huddles, Weekly Team meetings and regular one on ones with team.
• Develop SMEs and ensure that, the Back-up management tool is in place for all the team members.
• Assist team manager in recruitment/interview process.

Risk Management: 

• Review Key/Standard Operating Procedures for each process migrated to Chennai & ensure they are complete, accurate and up to date. Latest procedure should be uploaded in XPACT.
• Enforce 100% compliance of OPC/IG/ISAE3402. Carry out sample testing & document the results.
• Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner. 
• Ensure Incident management protocol is followed.
• Ensure all measures are followed in relation to governance with satellite teams.

Contributing Responsibilities 

• Act as a backup in the absence of manager.
• Carry out all resource planning and BAU planning and report any foreseen challenges to manager.
• Drive all process improvement initiatives and bring efficiency in the chain.
• To share the process/product knowledge with fellow team members.
• Identify manual steps, process efficiency & developments areas and provide inputs/practical ideas for automation. Drive and coordinate all process automation efforts. 
• Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.

Technical & Behavioral Competencies 

• Ability to communicate (Oral/Written) to others in a clear, articulate fashion.
• People management/interpersonal skills.
• Good listening and questioning ability.
• Ability to plan work ahead and to prioritize workload.
• Ability to work in an organized manner.
• Must have an attention to detail.
• Ability to generate creative solutions to problems.
• Be able to adapt to markets and clients evolution.

Specific Qualifications (if required) 

Accounting/Commerce 

Exposure to IFRS and/or equivalent reporting standards 

5-7 years of experience in Financial Reporting 

Skills Referential  

Behavioural Skills: (Please select up to 4 skills) 

Ability to collaborate / Teamwork 

Creativity & Innovation / Problem solving 

Decision Making 

Client focused 

Transversal Skills: (Please select up to 5 skills) 

Ability to understand, explain and support change 

Ability to manage / facilitate a meeting, seminar, committee, training… 

Ability to develop others & improve their skills 

Ability to inspire others & generate people's commitment 

Ability to set up relevant performance indicators 

Education Level:  

Bachelor Degree or equivalent 

Experience Level 

At least 5 years