Job Description – Finance Operating Platform (AR Process Management)
About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centered on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporate and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions
About Business Line/Function :
Financial Operating Platform :
Strong presence in 27 countries across the globe with a proven track record of delivering quality service, within the expected Turn Around Time (TAT) and with ability to challenge Status Quo and share Best Practices. Core activities includes processing of Vendor invoices, Employee claims, Intercompany Invoicing and Procurements.
Accounts Receivable is another piece within Finance Operating Platform, which is responsible for –
- 1. Accruals booking
- Release invoices as per cost received from Business
- Intercompany Invoicing and other month end accounting activities.
Job Title:
Senior Associate – Accounting
Date:
Department:
FOP
Location:
Chennai
Business Line / Function:
CIB
Reports to:
(Direct)
Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose.
The Jobholder is responsible for managing and overseeing the timely and accurate reporting in financial accounting systems, production of the monthly expenses accounting including preparation of standard and ad hoc reports, calculation of intercompany charges/billing, responding to audit queries and coordinating with various teams to ensure proper completion of monthly deliverable.
All local accounting is performed in accordance with relevant and applicable instructions, requirements within the deadlines set forth, with complete audit trail to follow.
Responsibilities
Direct Responsibilities
Accounting Function
- Prepare/ Review book-closing entries (daily / monthly) in accounting and financial systems for accruals, prepayments, revenue accruals, intercompany, rent deferrals, asset capitalization/retiral or write-off, etc., as necessary.
- Perform month-end financial closing for respective entities
- Perform reconciliation between accounting system and Financial ledger to substantiate balances and breaks solving
- Participate in the intercompany process:
- Calculation billing charges to other BNP Paribas entities
- Coordination with other region's Finance Expense teams and Tax team to ensure they are performing their respective intercompany closes and maintaining their respective algorithms.
- Suggest updating to Counter-party service level agreements (SLAs) in liaison with Tax team
- On a timely basis, provide complete and accurate financial data to the Reporting Team for report production
- Provide assistance in responding to questions / requests for information to auditors, regulators
- Establishing and enforcing proper accounting methods, policies and principles
- Escalating problems / issues to HOD
- Providing quality service to other groups
Contributing Responsibilities
Projects, Systems Support, Operational Process Improvements
Assist in identifying and documenting process improvements in production, control procedures, and workflow organization to increase the team’s efficiency and effectiveness
- · Improve systems and procedures and initiate corrective actions
- · 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 trouble-shooting after deployment.
- · Ensure processes are backed up (e.g. coverage for colleagues)
Technical & Behavioral Competencies
- At least 5 years of experience in accounting
- Excellent PC skills; ability to learn new systems quickly
- Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs)
- Working knowledge and understanding MS Access desirable
- Good analytical skills and understanding of cost allocation methodologies
Specific Qualifications (if required)
B Com / MBA Finance (desired)
Skills Referential
Behavioral Skills:
Communication skills - oral & written
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Creativity & Innovation / Problem solving
Transversal Skills:
Ability to understand, explain and support change
Analytical Ability
Ability to develop and adapt a process
Ability to implement relevant and timely controls
Education Level:
Bachelor’s Degree with relevant experience
Experience Level:
At least 5 years
