FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company's over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients greatest ambitions.
Job Description
- Focus on Impact & Visibility: This is a high-impact role at the core of our financial operations. You won't just close the booksyou'll be a key analytical partner, responsible for complex areas around loan accounting. Your work will directly inform senior management and business stakeholders, providing the critical insights that drive financial accuracy and decision-making.
- Focus on Growth & Scope: Go beyond traditional general ledger work and gain comprehensive experience across a wide spectrum of finance. This position offers deep exposure to complex reporting, variance analysis, and cross-functional collaboration with multiple business teams. It's an ideal opportunity to broaden your skill set and make a tangible impact on our end-to-end financial close process.
Job Details
Position Title: Lead Analyst
Career Level: P3
Job Category: Manager
Role Type: Hybrid
Job Location: Bangalore
About The Team
The Loan Accounting team is a dedicated community of professionals who partner with the business to manage complex transactions and their accounting. We are responsible for the end-to-end accounting for Loans. We ensure accuracy and compliance by diligently managing the General Ledger, completing balance sheet certifications, and conducting in-depth flux analysis
Impact
You will be the subject matter expert for our Loan accounting operations. This role is critical for ensuring our financial data is accurate and reliable. You will be responsible for a wide range of activities, including detailed reconciliations, financial reporting, and supporting internal/external audits. A key part of your impact will be coordinating across multiple business teams, ensuring all deliverables are met according to company policies and procedures.
Key Deliverables (Duties and Responsibilities)
General Ledger Processing
- Prepare, post & review GL monthly journal entries with detailed supporting documentation to provide a clear audit trail within agreed timelines
- Coordinate with accounts receivable and multiple business teams for validation of revenue accrual and deferral, and other journals from banking products. Prepare workings to calculate and post journal entries for them to ensure revenue recognition as per relevant accounting standards
- Loan accounting: Interest accruals, loan amortization, true ups
- Run preliminary trial balance and trending reports and perform variance analysis to identify any anomalies in accordance with policy and guidelines
- Ensure accuracy and completeness of documents processed
- Interact with other teams for open items/ issues arising out of book closure activities
Reconciliations
- Reconcile balance sheet accounts for assigned accounts and generate reconciliation/ certification report
- Ensure reconciliations of sub ledgers in accordance with procedure and month end close calendar.
- Escalate variances to business for resolution and facilitate resolution of variances
- Process authorized adjustments and/or write-offs received and authorized through the journal entry template
Reporting
- Creation of Close packet: Extract financial reports, management reports, trial balance and financial statements post-period close completion
- Review prior period's financial reporting process and data for a month-on-month data and commentary comparison and identify changes that need to be made to the reporting process
- Update financial reporting with supplemental financial information received from business
- Validate quality of reports via data validation, trend analysis, variance analysis, etc., and escalate any identified information requiring business attention and / or resolution
- Generate and distribute reports for review by business stakeholders and management
- Respond to queries on reports and facilitate production of additional reporting information to business stakeholders and auditors
- Supports ad-hoc analysis and reporting
Quality Assurance & SLA Compliance
- Ensure high level of accuracy in General Ledger
- Add to the knowledge management databases, particularly regarding resolution of issues
- Adhere to period-end close SLAs
- Participate in process improvement initiatives to increase efficiency in general accounting
Internal control and accounting compliance
- Maintain documents relating to accounting compliance (SOX) and internal controls
- Ensure compliance with accounting policy
Operational Excellence
- Execute initiatives related to operational excellence
- Provide ideas for process improvements
- Cross-training team to develop expertise in the overall financial close
Skills and Qualification (Functional and Technical Skills)
Functional Skills
- Team Player: Support peers and department management.
- Problem Solving: Handle escalated issues, create and manage threat detection rules, and perform root cause analysis.
- Communication: Excellent verbal, written, and interpersonal communication skills.
- Attention to Detail: Ensure accuracy and thoroughness in all tasks.
Technical Skills
- Excellent written and spoken communications skills
- Strong analytical skills
- Efficient and well organized, able to work under tight deadlines
- Outstanding attention to detail, accuracy, and ability to multitask
- Comfortable working in standard shift timings of 1 pm to 10 pm IST
- Ability to be flexible with job duties, scope of work, and shift timings (especially during period-end close)
- Being innovative and suggesting process improvements and simplification ideas
- Proven capability to work independently without hand holding and exercising sound judgment & initiative
- Updated on and has strong understanding of latest US GAAP and regional GAAP requirements
Relationships & Collaboration
- Reports to: Senior Manager
- Partners: Accounting Controllership
- Leads: Not Applicable for this role
Accessibility Needs
We are committed to providing an inclusive and accessible hiring process. If you require accommodations at any stage (e.g. application, interviews, onboarding) please let us know, and we will work with you to ensure a seamless experience.
Equal Employment Opportunity
FC Global Services India LLP (First Citizens India) is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy ensures fairness throughout the employee life cycle. 
