Associate, Accounting II

Associate, Accounting II

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world s financial system we touch nearly 20% of the world s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We re seeking a future team member for the role of Associate, Accounting II to join our Global Finance CoE team. This role is located in Chennai TN - Hybrid.

In this role, you ll make an impact in the following ways by being,

• Responsible for performing the day- to-day general ledger accounting and analysis for assigned functional areas.
• Responsible for month-end, quarter-end and year-end close for assigned functional areas:
• Excellent knowledge and expertise in Accrual Prepaid
• Excellent Knowledge and expertise in Month end close, provision and reserve, FX calculation and Multi currency revaluation process.
• Prepare/post journal entries for complex or routine business transactions and inter-company transactions.
• Expertise in journal entries Intercompany transaction using with Affiliates.
• Assist with month end / quarter-end / year-end close activities, variance analysis
• Excellent knowledge and expertise in reviewing the Journal entries and ensure the substantiation supporting documents attached to journal entry before approving the journal entry.
• Good knowledge and expertise in preparing and review of general ledger balance sheet account reconciliations (Medium and High Complexity) to meet the corporate standard/ GL Reconciliation policy requirements and internal operating procedures.
• Ability to drive people in accounting concepts, policy changes, CAPs (Corporate Accounting Polices ) and GAAPs
• Proactively work with onshore teams for timely clearance, resolution of reconciliation variance aged outstanding items.
• Ensure that all items of concerns or those past the business standards have been escalated to the management
• Act as an Subject Matter Expert in the assigned area of responsibility within the reconciliation process
• Support Assistant Manager / Operation Manager to ensure recons are compliant with applicable Corporate Accounting Policies and GAAP.

In this role, you are expected to possess the following skillsets:

• Hands-on experience in Banking, Financial Services and Insurance (BFSI) and Investment Management, Investment services.
• Ability to adapt quickly and learn new tasks independently
• Strong research and analysis skills.
• Good understanding and working experience in accounting processes, procedure and internal controls and audit.
• Routine communication with Supervisors relating to financial close, issues and deliverables however working independently and less supervision.
• Multi-tasking and working under tight deadlines are required.
• Awareness around Information Security and protection is required.
• Ability to work under pressure and meet the agreed targets and deadline.
• Experience in working with multiple stakeholders.
• Preferable if worked with various other teams within finance, though may or may not have managed or handled team.
• Should have done at least one Idea, Kaizen, Process improvement and understand the basic quality tools and six sigma.
• Ability to generate bold, creative ideas to improve performance

To be successful in this role, we re seeking the following:

• 6 to 10 years of experience in Record to Report (R2R)
• Qualification - B.Com with 6+years / M.Com/ MBA with 4+ years / CWA-Inter/ CA-Inter with 3+ years or CA/CMA Fresher.
• He / She should have experience in ERP (PeopleSoft/Oracle and SAP) other reconciliation tools (Black line experience adds value)
• Good Written and verbal communication skills
• Good knowledge and experience in preparation of process documentations
• He / She Should have experience in Client handling (preferably Overseas Clients)
• Good knowledge about Sarbanes Oxley (SOX) compliance and Segregation of Duties (SOD).
• Good knowledge and expertise in various Sub systems modules and how this impacts the General ledger.
• Should have been part of transition or should have managed transition on behalf of the team
• Good knowledge and experience in MS-Excel, Word and PowerPoint presentations.
• Team handling and experience around setting goals and performance management will be an added advantage

At BNY, our culture speaks for itself. Here s a few of our awards:

• America s Most Innovative Companies, Fortune, 2024
• World s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion , Disability: IN - 100% score, 2023-2024
• Most Just Companies , Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.