About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. It had assets under custody of EUR 9.4 trillion as at 31 December.2017. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
This position will be responsible for processing monthly entries for revenue and expense accruals, prepare balance sheet supporting analysis, monitor intercompany balances and cash. The position requires a firm understanding of accounting concepts and a good work ethic. Applicant will liaise via phone, email and in person with the finance team, business managers and senior management. In addition, this applicant will be involved in aiding in the preparation of management reports and business financial reviews. Specific responsibilities include:
Client Billing: Liase with operations teams on creation of client invoices that are accurate and adhere to the client rate card. Post revenues in general ledger and prepare client aging of amounts owed
Corporate Reporting - Working with Montreal & Mumbai teams to ensure current recording and reconciliation of the following types of accounts:
Cash Accounts: Prepare reconciliation of corporate cash accounts, ensuring proper coding of cash receipts from clients, notification to billing teams of receipts on a weekly basis, and preparation of LAP loader for cash activity. Prompt investigation and resolution of any suspense items.
Client receivables: Prepare reconciliation, evaluation and collection of open aged client receivables. Escalate open balances with Business, Relationship and Client Service Managers.
Intercompany Receivables/Payables: Coordinate the payment approval process for any recharge invoices for other locations, reconciling billing amount to amounts accrued and budgeted. Ensure full approval process respected, Service Level Agreements in place, invoices sent to AP and tracked, and notification sent to Montreal/Mumbai/NY/KOP & Counterparty interested persons of payment status
IT and Non-IT Prepaid and Accrued Expenses: Prepare accruals, ensure correct recording of payments, manage Hiperos entries for certain vendors, coordinate payment
Revenues: Create monthly accruals for AFS revenues through liaison with Fund Accounting Groups, Lisbon Billing Center, Client Service Manager for change controls and Business Implementation Manager for new clients and post to LAP accounting system. Coordinate recording with Lisbon team.
Own the processes related to this job description and keep improving and documenting updates, including maintaining and updating function procedures
Other duties as assigned by management to meet the needs of the current business environment.
Accounting experience preferred
Bachelor’s degree required, preferably Accounting
Willingness to learn new systems, concepts and broaden knowledge
in the industry
Detail oriented, able to manage multiple projects concurrently
Excellent interpersonal and liaison skills
Strong Analytical and results driven skills
Demonstrate strong teamwork with internal groups
Excellent communication (both verbal and written) skills
Strong administrative and organizational skills
Strong attention to detail
FINRA Registrations Required:
Primary Location: US-PA-King of PrussiaJob Type: Standard / PermanentJob: MISCELLANEOUSEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: BeginnerSchedule: Full-time
Behavioural competency: Ability to collaborate / TeamworkTransversal competency: Ability to set up relevant performance indicators