Vice President Financial Accounting & Planning(Global Delivery Centre)

RiverForest Connections

Mumbai, Maharashtra
Permanent
Full-time

20 days ago
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Accounting & Control Functions

Direct managing a team of 25+ newly established team, responsible for the career and personal development of the team.
Managing and ensuring smooth Client relationship
Contribute to the performance of 1st level accounting controls on a list of key areas.
This includes review of the 1st level controls for all major financial and accounting areas, including all banking products' accounting and reconciliations, Custody reconciliations, Revenue Recognition, Credit and portfolio risk and provisioning, Nostro controls, Manual entries, FX sell-down, intercompany reconciliation etc. Ensure that the Accounting Control Repository Database is updated with the changes in accounts, controls and ownership.
Monitor account and 1st level control sign-off and escalate problems identified. Contribute to the preparation of the "Stats Reports" that provides HOD/FSS Head with an overview of accounting control outcome on a monthly basis.
Monitor Accounting Control outcomes through key performance and key risk indicators. Prepare ad hoc control memo upon request when an issue is identified. Ensure the good coordination with the Regional Financial Reporting team, in particular whenever an accounting issue needs to be addressed.
Internal Participate to Finance Projects linked to Accounting Controls Contribute to operational permanent control framework.
Report incidents and accounting issues. Review BO GL reconciliations on daily/monthly basis and understand the gaps and how the same can be actioned · Enforce controls and ensure that suspense and other sensitive accounts do not have unexplained balances ·
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. · Prepare dashboard for senior management on the status of breaks identified along with root cause · Review month-end substantiation packages for multiple legal entities.
Decision Support: Provide in-depth analysis of historical financials, variance explanations, key performance indicators for evaluation of business decisions and identify levers that can be pulled to optimize performance/goals.
Establish the appropriate governance and cadence necessary to provide relevant stakeholders with timely commentary and insights into KPIs and operational results.
Review and implement robust controls framework regularly for consistent high-quality delivery:
Identify and mitigate risks in process delivery, focus on process enhancements/harmonization and ensure a proficient setup to increase the team's efficiency and effectiveness.
Direct contribution to operational permanent control framework, adhere to compliance requirements, SLA preparation / review and review of operational procedures.

People Management:Set objectives, ensure accurate performance evaluation, provide regular feedback, manage talent pool and career paths, support mobility for the teams. Coach team of finance professionals and guide their career planning.Manage costs by driving efficiencies, effective hiring for optimal team pyramids, etc. Contributing Responsibilities Change Management Ensure active change management for globally driven/locally initiated transformation projects. Classification :Internal Participate in the technology upgrades of respective accounting/reporting tools (OFS, Dream Fit, etc.), as well as system enhancements required to facilitate new / modified reporting requirements. In connection with this effort, ensure timely user acceptance testing and troubleshooting.Technical Qualification:1. Qualified Chartered Accountant2. Accounting degree or equivalent3. 9-10 years experiences on accounting audit or accounting control4. Banking (mandatory)5. IFRS knowledge (Preferable)6. Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective.7. Knowledge of Investment banking products8. Strong organizational skills, rigorous, and self-disciplined9. Attention to detail and commitment to maintaining a strong control environment.10. Good communication skills, (i.e. writing, listening, presentation)11. Advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)12. Former audit experience or experiences on the accounting controls within a Finance function in Banking and Financial Services (mandatory) 13. Financial Accounting and Controls function in banking industry OR 14. Finance Audit experience for Banking Sector

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