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GFS- Associate I- Cost Financial Contol

Gurgaon, HR
Job Code:
  • Banking & Finance
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Job Details

Tactical ObjectivesStrategic ObjectivesResponsible to provide relevant data enabling Financial Control teams to assess true bonus B/S position as per CADs Guidelines for all the divisions (PBB, CPB, CIB and Services & Functions) and all regions.To support change initiatives, process improvements and in system implementations related to own processes and applicationsResponsible for the timely and accurate delivery of financial ledger close and SDP data in compliance with Group policies and guidelines. Technical KnowledgeGood knowledge about financial control and reporting processes and accounting;Financial accounting knowledge with good understanding of revenue, balance sheet, costs and headcount measures;Sound working exposure on Microsoft Office, including strong Excel skills.Working knowledge on technical accounting skills.Working knowledge of the Group s structure and systems an advantage.Understanding of Banking business and products an advantageOther Significant Role Requirements Good communication skills, with the ability to clearly and succinctly articulate issues to senior management.Strong accounting skills and understanding of Balance sheet substantiation and month end.Interface with key individuals at a peer level and above within the business unitSelf-starter, with ability to work under own initiative within a team environment.The Requirements ExperienceFinance professional preferably 5-7 years of relevant experienceExperience of working in a dynamic global environmentExperience of working to tight deadlinesExperience of working in a financial control function Month End Accounting - Journals preparation, Account reconciliation and substantiationUnderstanding of RBS Group legal entity structure and ensuring correct legal entity usage at the time of preparation of journals and balance sheet substantiationUnderstanding of Inter-company and contra account usage requirements and maintaining intercompany reconciliations with the counter partiesProvide and support input into the end to end control and ownership of divisional and legal entity balance sheets for the division supported.Support the delivery of a full substantiation and reconciliation of the balance sheet and profit and loss accounts within a controlled framework.Provide input and support process improvements using LEAN techniques, ensuring BAU and development activities are the focus of continuous improvementsStakeholder management, supporting effective and timely delivery of the disclosure reporting and KPI reporting on performance.Ensure processes and procedures adhere to the appropriate policies and control environment (incl SOX) governance.Timely identification and escalation of any potential risk and issue along with appropriate resolutionThe First Line of Defence (First Line Finance) owns and manages the risks within its business area; this is the responsibility of both staff and management across the First Line Finance.The First Line Finance conducts Management and Supervision activities to achieve this. The key activities here includeOwning, managing and supervising risks within their relevant areaEnsuring that appropriate controls are in place to mitigate risk, balancing control, cost and customer serviceDefining processes that evidence control and first line supervisionRegularly documenting, assessing the adequacy, testing the effectiveness and reporting the status of controls (including SOX 404 and SAO) operating in their Finance area.Ensuring that Finance has effective mechanisms for identifying, reporting and managing risk and controls, with a focus on resolution.Liaise with Pay & Award team for getting outstanding bonus numbersCompute monthly bonus liability as per CAD guidelinesCreate monthly accrual profile at divisional and country level for all the franchiseesPerform monthly reconciliation between the expected vs. actual position of the bonus liability figuresWork closely with the respective Financial Controls, Business Intelligence, Business Managers, Regional Finance teamsProvide one stop solution for all the bonus related queriesResponsibility for the delivery and integrity of monthly financial information (balance sheet, profit and loss account and data for Statutory reporting, value added commentary / analysis for the division supported, Fixed Assets accounting, Project accounting and reporting, Legal entity recharge accounting
Degree: MBA/ PGDM

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 5-7


Credit Control & Collections | Financial Analysis
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