Avp Property Finance Control - Chennai, India - Standard Chartered

Standard Chartered

Verified Company

Chennai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job:
Audit, Accounting & Finance

Primary Location:
Asia-India-Chennai

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 30/Nov/2023, 6:16:02 AM

Unposting Date:
Ongoing

The Role Responsibilities

Job Role

Partner with Property and finance team to understand and execute strategy, establish a strong accounting and control frame work, and provide inputs on business ask.
Work with Property finance including regional and country teams in driving Property strategy.
Accountable for monitoring group and regional lease Properties for Lease Accounting and control activities out of GFS locations (Chennai / Bangalore), including but not limited to Accounting operations, Financial control, Financial Reporting, Lease accounting, planning and analytical support for the Global Property
Finance Function in coordination with the respective teams like P2P, Property and Property Partnership. This will include migration of related SCB Finance activities from the Property Partnership.
Partner with Property, country finance team and various GFS workstreams to drive and implement Change Agenda for Property Finance activities including process simplifications, quality improvements, data analytics and new systems (SAP (PSGL replacement), GAMI (GPMS replacement), etc) Risk team to ensure controls are compliant to UK SoX.
Partner with Property and Functions Finance and work in continuous evolution of operating process, policies and procedures, controls, systems, data and people, alongside development of a clear RACI (Responsible, Accountable, Consulted, Informed).
Lead Audit requirements.

Strategy

Provide strategic leadership on the significant Property Finance Transformation agenda including the centralisation and support the delivery of FTOM for property Finance.
Monthly monitoring of Accounting, Reconciliation, Reporting requirements where necessary and Substantiation activities in line with IFRS 16 requirements.
Provide timely Cost closure on a monthly basis to enable Fast close and accurate reporting of Cost and balance sheet of Lease assets balances.
Liaise with P2P, group, regional and Country Finance on monthly basis to ensure the Property cost bookings and balance sheet management of capitalised assets.
Act as a champion and advocate for standardisation and optimisation within the broader finance organisation.
Lead the discussion on the complex lease workings along with Country, Property and Regional Property Finance team.

Business

Understand the performance, businesses and products and provide supports to the team members for ad hoc analysis and insights.
Indepth knowledge of the process and businesses performance and relevant key performance measures of Property Function to support the change requirements.
Support the agenda for standardisation and centralisation by working closely with Transformation, Transitions and Process Excellence Team.
Responsible for E2E Accounting, Reconciliation and Substantiation for Property Fixed Assets.
Provide timely, accurate, complete, relevant, and valueadded information on Accounting and controls.
Proactively flag risk / opportunities on financial performance / process to help take mitigating actions to achieve targets and provide solutions /suggestions to manage the risk / opportunities.
Build strong relationships with key delivery partners and ensure efficiencies and synergies are realised across the remit of areas impacted by the delivery.
Act as a Business Partner within the Plan to Perform and Global Financial Services organisation, actively contribute to the development of the broader strategic agenda of the GFS.

Processes

Establish the target state for Property Lease Accounting processes that will drive standard outcomes by integrating group, regional and country expectations.
Build a culture of continuous process improvement, standardisation of procedures, and implementation of a robust control frame work to optimise current state.
Bring Process Transparency through ARIS Map.
Ensure timely and accurate accounting, reporting and balances substantiation of Leases, lease payment control accounts and Impairments, alongside P & L analysis.
Establish standard reports which deliver relevant metrics and KPI enabling timely support and decision making capabilities to management.
Quarterly balance sheet substantiation process for Property lease related accounts.
Establish sound SIPOC for effective management of monthly timelines and Manage and deliver ad hoc requests.
Ensure that the standards of customer service provided by the function consistently exceed the requirements set under the Service Level Agreements agreed and project assignment by stakeholders.
Effectively lead change, manage and escalate risks arising out of transition of new processes.
Manage and deliver ad hoc work.

People and Talent