Avp - Chennai, Tamil Nadu, India - Barclays

Barclays
Barclays
Verified Company
Chennai, Tamil Nadu, India

2 weeks ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

Job Title :

AVP

Location:
Chennai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography.

Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective

Take ownership for managing risk and strengthening controls in relation to the work you do

Working Flexibly

Hybrid Working


Structured hybrid role:

Introduction:

  • Accountable for timely & accurate monthend close process for Compensation and Benefits across business clusters & functions. This includes Bonus accounting for Discretionary bonus and Share based payments, accounting for Postretirement benefits and Redundancy costs.
  • Custodian of Performance Cost accruals for the Group and to maintain confidentiality of accounting adjustments
  • Managing external disclosures in Annual Report
  • Notes to Financial Statements for Staff costs, Share based Payments and Pensions
What will you be doing?

  • Accountable for timely & accurate monthend close process across clusters & functions
  • Accountable for nonperformance cost bookings like Redundancy costs, ageing calculation of balances, residual maturity
  • Quarterly Bank levy payments and annual accrual of Bank levy
  • Work with Change Management team on various finance project impacting the team and function
  • Ensure all control and governance activities are regularly carried and update provided to management like EUDA review, RCSA etc
Month end Close

  • Provide Month end close support for multiple functions, facing off to the Cost Lead & FBPs and Legal Entity Controllers
  • Support MI preparation for Internal and External reporting as per IFRS2 and IAS 19 standards
  • Ledger closure
  • Review and analysis of month end postings, perform post governance to ensure monthend landing position is accurate and process necessary adjustments adhering to FLC guideline.
  • Balance Sheet Reconciliation & Signoff
  • Substantiation and reconciliation of all postings by the team, Balance sheet reporting by account line & Account Ownership signoff
  • Liaising with Finance Business Partners and leads across business clusters & functions.
  • Liaising with internal / external auditors

Control and governance:

  • Monitoring and highlighting the risk and opportunities
  • Ensure adherence of team control requirements
  • Escalates risk and opportunities appropriately
  • Has the mindset to strive to identify potential control breakdowns in process, also demonstrated with effective procedure manuals
Reporting

  • Presenting Regional Performance cost and Redundancy packs to SMT and controllers
  • Produce accurate, timely and reliable Balance sheet metrics covering all clusters and functions
  • Update and improve reports (in line with business objectives) focusing on scalability, efficiency and effectiveness

Project/Transformation:

  • Provide active support in executing Transformation Projects, Faster ledger close projects

What we're looking for:

  • Qualified Accountant
  • ACA, CIMA, ACCA
  • Experience in Financial Reporting, Control, Planning and/or Analytics
  • Strong knowledge of IAS 19 Employee Benefits, IAS37 and IFRS 2 Share Based Payments
  • Highly motivated selfstarter and Strong planning & organisational skill
  • Strong Excel and presentation skills. Require to produce different set of MI/decks on performance cost thus would require knowledge of PowerPoint and analytical mindset
  • Strong control awareness, Analytical and problem solving skills
  • Strong communication verbal and written, role demands frequent interaction with senior management

Skills that will help you in the role:

  • Confident and assertive manner. Develops relationships and manages stakeholder's expectations professionally
  • Displays integrity, initiative, commitment and credibility through interactions with colleagues and clients
  • Works well in a team and maintains good relations with team members. Shows enthusiasm and diligence and ensures team motivation is optimized
Where will you be working?
Chennai

Be More at Barclays
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.

Purpose, Values and Mindset

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.

Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect

We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.

Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the cent
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