[New Job Vacancy] Associate Level 1- Financial Accounting & Reporting job in BNP Paribas, (Mumbai, Maharashtra) – Jobs in Mumbai, Maharashtra

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Job Opening details:-
Company Name :-
BNP Paribas
Position Name :-
Associate Level 1- Financial Accounting & Reporting
Company Location :-
Mumbai, Maharashtra
Job Category :
 General jobs

Full Job Description :-
About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
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 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:
Senior Associate/Associate Level 1
Date:
2022
Department:
Financial Accounting & Reporting
Location:
Mumbai / Chennai
Business Line / Function:
Finance Shared Services
Reports to:
(Direct)
Manager
Grade:
(if applicable)

(Functional)
Number of Direct Reports:

Directorship / Registration:
NA
Position Purpose
The Financial Accounting team is primarily responsible for month end closing along with providing oversight and control over day-to-day transactions, operations and activities required for the daily activities, including the recording of revenue arising from transactions from various activities including Global Market activities and Financing activities.
Responsibilities
Direct Responsibilities
Accounting & Control Functions
Prepare and book daily/monthly entries (Accrual, MTM booking, etc.)
Enforce controls and ensure that balance sheets are in balance; prepare balance sheet reconciliation schedules.
Prepare 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 packages for multiple legal entities.
Ad-Hoc Requests (profit center creation) / Intra day
Assists with audit requests from External Audit, Regulators and internal control teams.
Update and review mapping tables.
Reporting and Analysis
Performs financial reporting, analysis, and related activities for multiple legal entities from various activities including Global Market activities, financing activities.
Assist in preparing financial statements (US 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 trouble-shooting 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
Technical & Behavioral Competencies
Knowledge of IFRS and US GAAP reporting with minimum years of financial reporting and analysis experience in a medium to large organization. Experience in financial reporting and analysis includes preparation of US GAAP and IFRS financial statements and financial reports for senior management.
Basic Corporate Banking product knowledge
Ability to obtain and maintain a thorough understanding of the general ledger structure and financial reporting
Ensure an accurate and timely monthly, quarterly and year end close
Work with the Controller to ensure a clean and timely year end audit
Support Controller with special projects and workflow process improvements
Ability to learn new systems and products quickly
Knowledge of business desktop applications (MS Outlook, Word, and PowerPoint)
Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs)
Effective analytical, organizational, and problem-solving skills
Specific Qualifications (if required)
CA with upto 0-1 yrs exp/MBA +2 yrs
Ability to deliver excellent results within the established timeframes while managing multiple priorities
Strong attention to detail
Excellent analytical and self-motivational skills
Strong communication skills, both written and verbal
Self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Active listening
Choose an item.
Transversal Skills: (Please select up to 5 skills)
Ability to anticipate business / strategic evolution
Analytical Ability
Ability to set up relevant performance indicators
Education Level:
Master Degree or equivalent
Experience Level
At least 2 years
Other/Specific Qualifications (if required)
CA
Financial Services accounting experience

CA with upto 0-1 yrs exp/MBA +2 yrs

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