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Manager - Financial Accounting and Reporting

Apply REF: FIN001852

Job Description – Financial Reporting and Accounting

About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Businessline/Function :

Financial Accounting and Reporting

team is a team with expertise in :

1.     Financial reporting through IFRS and FGAAP, including reporting for complex entities/products and taxation

2.     Financial accounting for various structured products/entities including Statutory Financial Statements preparation

3.     Consolidation of financials including intercompany reconciliation and global CIB Intercompany coordination

.

Job Title:

Manager - Financial Accounting & Reporting

Date:

Department:

Finance Shared Services

Location:

Mumbai

Business Line / Function:

CIB

Reports to:

(Direct)

Manager

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

NA

 

Position Purpose

·         Manage a team supporting financial accounting process for London.

·         Ensure that accounting production and statutory accounts is complete, accurate and compliant with Group accounting policies

·         Contribute to the pre-closing process

·         Perform and document accounting controls and analysis

·         Contribute to the automation of certain accounting processes and the standardisation of booking   schemes among entities.

Responsibilities

Direct Responsibilities

 

·         Review the financial monthly financial accounting production and annual statutory accounts for subsidiaries

·         Review the reconciliations and ensure clearance of open items in reconciliations in a timely manner

·         Follow up /raise escalations with the respective stakeholders for open items

·         Contribute to accounting controls and analysis as defined by the BNP Paribas Standard Accounting Control Plan.

·         Contribute to inter-company transactions reconciliation.

·         Ensure the good coordination with the Regional Financial Accounting team, in particular during the pre-closing process and whenever an accounting issue needs to be addressed

·         Participate to Finance Projects linked to Financial Accounting

·         Application of accounting processes and checks in respect of financial accounting under IFRS and French GAAP.

·         Review account activity/daily ledgers for posting errors and back-value transactions

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

·         Analyse, 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

·         Review month-end substantiation packages for multiple legal entities.

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

 

Contributing Responsibilities

·         Contribute to BNP Paribas operational permanent control framework.

·         Monitor Financial Reporting through key performance and key risk indicators. In particular contribute to the elimination of manual reclassifications and warnings/missing items.

·         Report incidents and accounting issues

·         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

Technical & Behavioral Competencies

  • Ability to manage a team
  • Strong knowledge of accounting under IFRS
  • Strong knowledge of Financial Products
  • Comfortable with basic office tools (Lotus Notes, MS Word, Outlook)

·         Excellent knowledge and use of MS Excel

Specific Qualifications (if required)

-         Chartered Accountant, CPA or equivalent \\MBA Finance  

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Communication skills - oral & written

Ability to synthetize / simplify

Organizational skills

Decision Making

Transversal Skills: (Please select up to 5 skills)

Ability to anticipate business / strategic evolution

Ability to set up relevant performance indicators

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

Ability to manage a project

Ability to inspire others & generate people's commitment

Education Level:

Master Degree or equivalent

Experience Level

At least 7 years

Other/Specific Qualifications (if required)

Preferred Industry/Domain Experience:

  • Experiences within finance function in Banking and Financial Services
  • 8 - 10 years’ work experience

 

Key competencies

  • Team management
  • Good communication skill
  • Very high comfort with working with numbers: rigor, analytical mind-set, ability to interpret numbers
  • Strong sense of organization, ability to prioritize tasks and meet deadlines
  • Hard working
  • Team spirit
  • Curiosity and open to other cultures



Preferred Industry/Domain Experience:

  • Experiences within finance function in Banking and Financial Services
  • 8 - 10 years’ work experience

 

Key competencies

  • Team management
  • Good communication skill
  • Very high comfort with working with numbers: rigor, analytical mind-set, ability to interpret numbers
  • Strong sense of organization, ability to prioritize tasks and meet deadlines
  • Hard working
  • Team spirit
Curiosity and open to other cultures
Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: FINANCE ACCOUNTS ET MANAGEMENT CONTROLEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 3 yearsSchedule: Full-time Behavioural competency: Decision Making, Communication skills - oral & written, Ability to deliver / Results drivenTransversal competency: Ability to understand, explain and support change, Ability to develop and adapt a process , Ability to manage a project