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, 7:14:09 AM

Unposting Date:
Ongoing

The Role Responsibilities

Job Role

Partner with Property 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 Property Finance 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, Property Partnership, FP & A and Group Planning. This will include migration of related SCB Finance activities from the Property Partnership.
Partner Property, Functions Finance, 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) 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).

Strategy

Provide strategic leadership on the significant Property Finance Transformation agenda including the centralisation and support the delivery of FTOM for property Finance.
Deliver the Finance value proposition to the Property MT with the evolution of New Ways of Working.
Monthly monitoring of Accounting, Reconciliation, Reporting requirements where necessary and Substantiation activities.
Provide timely Cost closure on a monthly basis to enable Fast close and accurate reporting of Cost.
Liaise with P2P, group, regional and Country Finance on monthly basis to ensure the Property cost bookings are in line with Group chart of accounts.
Act as a champion and advocate for standardisation and optimisation within the broader finance organisation.

Business

Understand the performance, businesses and products and provide supports to the team members for ad hoc analysis.
Indepth knowledge of the process and key drivers of 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 finance.
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.
Provide guidance, coordination and support during forecasting, budgeting exercise for data elements to Group FP & A and P2P team.
Prepare presentations and other communications for key internal stakeholders.
Analyse monthly recharge cost per Business, Support functions and Central Items against their budgets and key monthly movements.
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 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 of Cost, Capitalisation, Addition, Retirement, Write offs and Impairments.
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 accounts.
Establish monthly forums with Property AM to ensure timely and accurate lease and rental updates to GPMS to ensure correct flow through to SAP CLM for IFRS16 accounting.
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.