Finance Associate - Bengaluru, India - WELLS FARGO BANK

WELLS FARGO BANK

Verified Company

Bengaluru, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

The Expense Analytics & Allocation team (EAA) is focused on the transformation of Wells Fargo expense management reporting and legal entity cost allocations through the development of Enterprise Costing Standards; deploying a more consistent & efficient costing process; and enabling more effective utilization of cost data, including enhanced transparency and management insights.

Specifically, the Finance Associate role will:

Manage the Reference Data Mapping which includes Hierarchy updates, Model and Recovery mappings across different horizontals
Ensure that correct allocation methodologies are updated on a quarterly/Semi-Annually/Annually basis across horizontals
Determine true ups required for any Under/over recovery for individual horizontals
Prepare reports as per business demand
Work in a small dedicated team but with reach into other stakeholder groups
Partner with Business Finance teams across different horizontals to ensure that the teams have a strong sense of teamwork to accomplish the goals of Enterprise Analytics & Allocations.
Deliver adhoc analysis to support various business line questions related to cost development activities
Provide support to the business with various issue management related tasks or activities
Maintain a balance between operational efficiency, effectiveness and risk mitigation in order to achieve goals
Contribute towards Global projects as part of Transformation agenda set by the EAA team

Required Qualifications

7+ years of experience in one or a combination of the following: Finance, Accounting, Analytics or Reporting

Desired Qualifications

Qualified BCom/BBA/BBM/CA Inter or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting.
Ability to perform effectively in a matrixed organization.
Strong analytical skills with high attention to detail and accuracyExcellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner.
Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently.
Take accountability of timely submission of deliverables and critical thinking.
Strong time management skills and ability to meet deadlines

Other Technical Qualifications

Knowledge of Cost toolsets such as Apptio, Essbase/Excel
MS Tools (Advanced Excel, Power Query, Power BI, etc.)

We Value Diversity

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company.

They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions.

There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.