Global Accounting Operations - Team Lead

Business As Usual (BAU) Activities:

• Develop the team to adopt “owner’s mind set”, work independently, and effectively manage timelines

• May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported.

• Develop subject matter expertise in all aspects of the products under responsibility including operational aspects of a particular accounting transaction.

• Participate in or manage function specific projects as needed

• Ensure high quality and completion of deliverables within the committed timeframe.  Team deliverables revolve around;

Daily:

• Monitor daily reconcinilations, proofs, and ensure the breaks are tracked to close.

• Ensure the FX WSS FO reports are in sync to the GL

• Prepare and review daily FX PNL across the North America region and work closely with the Traders to get confirmations and resolve any open issues.

Weekly:

• Prepare Regulatory reporting FC 1 and Weekly Fin 39 for Open FX exposures

• Prepare and journalize the Cash collateral netting entry for FX Collateral exposures

Monthly:

• Coordinate month-end close including prepare manual journal entries and export accounting system reports

• Review/Prepare account reconciliations and certification

• Perform month end tie outs for various products with FX source systems with the ledger

Quarterly:

• Prepare Regulatory, SEC

• Perform SOX control testing

Ad-Hoc:

• Prepare and update process narratives/procedures and flow charts

• Response to internal and external requests including variance analysis and inquires

• Participate in Ad Hoc projects and new transactions

• General ledger account requests

• Accounting systems maintenance and upgrade

• Responsibility for ongoing process improvements

• Assist in implementation of the GAO process re-engineering and automation efforts

Education and Experience:

• Master’s degree in accounting, Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with 7-10 years of progressive experience in R2R areas with major financial institutions

• Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards for the above areas, experience with other accounting standards (German, etc.) is a plus

• In depth knowledge of Derivatives ASC815, Offsetting of Amounts Related to Certain Contracts FIN39 Accounting

• In-depth knowledge of the Derivatives.

• Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.

• Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing, procedures and strong internal controls.

• Experience working with muti-geographical processes process

• Extensive experience performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accounting

• Experience with R2R (record-to-report) centralized processes 

Skills required:

• Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)

• Knowledge of Hyperion Essbase, Oracle Financials

• Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes

• Excellent communication skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC

• Independent decision-making capabilities

• Pride of ownership with the ability to deliver high quality results timely

• Self-motivated, self-assured, and self-managed

• Strong analytical ability to analyze and summarize financial transactions related to the products supported

• Strong attention to details

• Problem solving skill

• Highly organized with ability to multi-task and work under high pressure deadlines

• Must be able to work in a fast-paced environment

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