Job Title: Associate and Assistant Manager

Department: Subject Matter Stream

About Function: The Subject Matter Stream is primarily responsible for month end closing along with providing oversight and control over day-to-day transactions, operations and activities, including the recording of revenue arising from transactions from various activities. The team performs 1st level control to ensure accurate and good quality data is used for reporting

Position Purpose

Subject Matter Stream (SMS) team ensures an accurate, reliable and comprehensive set of segmented financial data required to produce all reporting streams through the execution of the financial control plan and a strong oversight on upstream controls and data quality. It's also responsible for month end closing along with providing oversight and control over day-to-day transactions.

The team performs various controls and correct accounting picture by posting accounting and extra accounting entries. The candidate will be responsible for posting journal entries, performing controls on accounting ledger and supporting various entities with BAU and adhoc tasks

Responsibilities

Direct Responsibilities

Review the preparation and booking of daily/monthly entries (Accrual, Provisions, etc.)
Enforce controls to ensure data quality in ledgers.
Monitor reconciliation between source and general ledger and identify gaps.
Review daily transactional account activity/daily ledgers for posting errors and back-value transactions
Review ledgers and perform account and transaction analysis for a set of entities.
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
Prepares month-end substantiation and sign off balances along with relevant documentation for multiple legal entities.
Assists with audit requests from External Audit, Regulators and internal control teams.
Follow up on the outstanding issues and escalate to the correct contact and work towards resolution.
Run control book daily and ensure the data quality is maintained in OFS ledger.
Perform and/or control the accounting and tax classification for overheads, pay-roll and employee benefit expenses (HR related), depreciation and amortization on tangible and intangible assets (and other provisions).
Transform the accounting data into management accounting (profitability and cost allocation by Business Line) following the MARP (Management Accounting Rules and Principles)
Understanding of accounting schema, reconciliation of intercompany process with a proper follow-up and respective documentation.
To support countries in preparation and reporting of Intercompany transactions (Transfer pricing local files)
Work on Data quality and related adhocs
Performs financial reporting, analysis, and related activities for multiple legal entities from various activities including Global Market & Global banking activities, financing activities.
Assist team in preparing financial statements (Belgian GAAP and IFRS).

Contributing Responsibilities

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.
Assist in identifying operational process improvements in production, control procedures, and workflow organization to increase the team's efficiency and effectiveness. Also assist in integrating and streamlining the reports under the team's responsibility
Observe the bank's policies and procedures
Assist in any special project or request as directed by management
Contribute in the UAT of multiple finance projects and provide timely sign off wherever required from SMS teams.

Technical & Behavioral Competencies

Ability to work under pressure in a complex environment with stake holders from various areas
Data mining skill & analytical
Self-organized, with strong ability to anticipate, plan and priorities issues
Rigorous for implementation with culture of controls
Sound financial accounting knowledge
Proficiency in Microsoft Excel, Word, PowerPoint, MS Access, Business Object (SQL, Macro & VBA knowledge is an advantage)

Specific Qualifications

CA with financial accounting experience or MBA Finance/B.com/M.com with relevant financial accounting experience
Banking experience on financial accounting and related controls is preferred

Technical Skills

Skills Referential (Required knowledge, skills and abilities)

Knowledge of Financial and management accounting
Excellent analytical skills
Microsoft suite (Excel, PowerPoint, Word, etc.)
Strong attention to detail
Good communication and interpersonal skills

Behavioral Skills

Ability to deliver excellent results within the established timeframes while managing multiple priorities
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Client focused
Ability to develop and adapt a process
Ability to set up relevant performance indicators

Education Level: CA/MBA Finance/B.com/M.com

Location: Mumbai (Goregaon or Thane)

About BNP Paribas Group

BNP Paribas is the European Union's leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group's commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union's leading bank 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 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

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