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Financial Reporting - Sr. Associate / Assistant Manager

Mumbai Mumbai Maharashtra, Maharashtra, India
Competitive Salary
Closing date
Jun 19, 2024

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Job Role
Financial Accountant
Contract Type
Full Time
About Businessline/Function :

Financial Accounting and Reporting team is a team with expertise in :
  • Financial reporting through IFRS and FGAAP, including reporting for complex entities/products and taxation
  • Financial accounting for various structured products/entities including Statutory Financial Statements preparation
  • Consolidation of financials including intercompany reconciliation and global CIB Intercompany coordination

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.


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 andinternal 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 reportingtools, as well as system amendments/enhancements required to facilitatenew/modified reporting requirements. In connection with this effort, assist inuser 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 andstreamlining 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 offinancial reporting and analysis experience in a medium to largeorganization. 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


CA Qualified / CA Inter with 2.5 to 7yrs is mandatory

Education Level: Bachelors or Master Degree or equivalent ( 4 years)

Experience Level: At least 2.5 to & years

Mumbai (Goregaon) - Nirlon Knowledge Park

Skills: Ms Outlook, Ms Excel, Organizational, Analytical, Financial Analysis, General Ledger, Problem-solving, Us Gaap, Financial Reporting, Ifrs, Corporate Banking

Experience: 7.00-9.00 Years

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