About BNP Paribas Group:
BNPParibas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. 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.
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 24×7 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 :
Performance Steering within Finance Shared Services is responsible for accurate and timely management accounting, reporting and budgeting activities.
Job Title:
Senior Associate / Assistant Manager – FPNA
Date:
Apr 2021
Department:
FSS PS
Location:
Mumbai
Business Line / Function:
Finance
Reports to:
(Direct)
Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Nil
Directorship / Registration:
NA Position Purpose
The Jobholder will be responsible for the timely and accurate production and review of the monthly expenses accounting and management reporting including vendor level reporting, cash flow reporting, supporting the annual expense budget & periodic forecasts exercise, calculation and review of intercompany charges/billing, responding to audit queries and coordinating with various teams to ensure proper completion of monthly deliverables, proper tracking of expenses and revenue. The person will also act as a reviewer for work performed by other team member(s) and ensure proper back up of activities within the team.
All local reporting is performed in accordance with relevant and applicable instructions, requirements within the deadlines set forth, with complete audit trail to follow.
Responsibilities Direct Responsibilities
Management Accounting & Control Functions
BNPParibas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. 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.
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 24×7 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 :
Performance Steering within Finance Shared Services is responsible for accurate and timely management accounting, reporting and budgeting activities.
Job Title:
Senior Associate / Assistant Manager – FPNA
Date:
Apr 2021
Department:
FSS PS
Location:
Mumbai
Business Line / Function:
Finance
Reports to:
(Direct)
Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Nil
Directorship / Registration:
NA Position Purpose
The Jobholder will be responsible for the timely and accurate production and review of the monthly expenses accounting and management reporting including vendor level reporting, cash flow reporting, supporting the annual expense budget & periodic forecasts exercise, calculation and review of intercompany charges/billing, responding to audit queries and coordinating with various teams to ensure proper completion of monthly deliverables, proper tracking of expenses and revenue. The person will also act as a reviewer for work performed by other team member(s) and ensure proper back up of activities within the team.
All local reporting is performed in accordance with relevant and applicable instructions, requirements within the deadlines set forth, with complete audit trail to follow.
Responsibilities Direct Responsibilities
Management Accounting & Control Functions
- Prepare and book closing entries (daily / monthly) in accounting and financial systems for accruals, prepayments, intercompany, rent deferrals, asset capitalization/retrials or write-off, etc., as necessary.
- Perform month-end financial closing for his / her entities
- Act as reviewer for activities performed by other team member to ensure four eye check concept is applied. Ensure proper back up for activities within the team.
- Perform reconciliation between Accounting system and Financial ledger to substantiate balances and breaks solving
- Participate in the intercompany process:
- Calculation and review of 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
- Escalating problems / issues to the team manager
- Providing regular and bespoke management reports including Cash P&L, Cash Flow statement, Vendor level reports etc in a timely and accurate manner
- Providing quality service to other groups
- Support the production of the annual expense budget and periodic forecasts from a transversal perspective
Contributing Responsibilities
Projects, Systems Support, Operational Process Improvements
· Assist in identifying process improvements in production, control procedures, and workflow organization to increase the team’s efficiency and effectiveness
- 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.
· Help document operational process improvements in production, control procedures, and workflow organization to support team’s efficiency and effectiveness initiatives. Also, assist in integrating and streamlining the reporting under the team’s responsibility.
- Provide cross-training to colleagues and perform specific duties as assigned (e.g. coverage for colleagues)
Technical & Behavioral Competencies
- At least 4 to 5 years of experience in global financial services company in accounting and management reporting
- 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)
CA (preferred) or MBA Finance / M Com with relevant experience
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:
Master Degree or equivalent
Experience Level:
5 years
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