Finance Accounting Associate - Chennai, India - WELLS FARGO BANK

WELLS FARGO BANK
WELLS FARGO BANK
Verified Company
Chennai, India

1 month ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

About Wells Fargo

About Wells Fargo India


Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services.

We are operating in Hyderabad, Bengaluru and Chennai locations. Learn more about Wells Fargo India at our International Careers website.


Department Overview


Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services.

Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Ireland, Beijing, Cayman Islands, Dubai International Financial Centre (DIFC), Hong Kong, London and Seoul.

The EMEA Controller team is responsible for regulatory, financial, and management reporting requirements in the region.

As well as forming a key part of the International Controllers organization, the team provides local support for varied financial services business lines as well as the International CFO.


About the Role


Working within the International Controllers Team, this role supports the maintenance of a robust financial control environment across the international region (primarily EMEA), helping achieve the primary objective of ensuring the accuracy of the books and records across entities within the regions and the timely and accurate financial reporting to internal and external stakeholders.

Responsibilities include the performance of financial controls and preparation of financial reports across assigned entities and/or lines of business, providing exposure to a wide range of business lines and banking products


Responsibilities
Performance of legal entity related financial control and reporting tasks, including:

  • Ensure accurate books and records in compliance with relevant GAAP, preparation of the management accounts and assisting with ad hoc queries:
  • Raise journals/perform established control tasks to evidence integrity of books and records, prepare management accounts.
  • Identification of control weaknesses; proposal and implementation of remediating controls.
  • Develop and perform financial control tasks including analytical review, transaction analysis, reconciliations, substantiation of GL balances, revenue analysis, cost analysis.
  • Ensure operational documentation is maintained in line with relevant Wells Fargo policies
  • Line of Business/Support Functions Contact:
  • Perform Financial Control activities to support Business Lines/Support Functions and providing them with entity level reporting relating to their Line of Business/Support Function
  • Assisting in explaining variances and facilitating understanding of relevant financial results
  • Providing adhoc accounting support as necessary in relation to adhoc queries and projects (including new business initiatives)
  • Support preparation of audited annual financial statements:
  • Provision of financial data to facilitate creation of financial statements
  • Interaction with external auditors as necessary
  • Support preparation of Intercompany Balance Sheet and Income Statement reports on a monthly/quarterly basis
  • Support for preparation of Entity level analysis of Indirect Non-Interest Income/Expense (INII/INIE)
  • Engagement with regulatory reporting team members to facilitate effective cross team interaction

Essential Qualifications

  • Qualified CA/CFA/ICWA/MBA-Finance with 3+ years of experience in Finance & Accounting
  • Experience in preparation of internal financial reporting, considering both Legal Entity and Line of Business dimensions.
  • Working knowledge of financial services/products and their accounting treatment (US GAAP and IFRS).
  • Selfmotivated/proactive approach, with the ability to work independently within a team structure.
  • Innovative mindset, with a track record of process enhancement (enhancing efficiency, control, transparency).
  • Understanding of bestinclass expectations in respect of controls and governance.
  • Strong communication skills, with the ability to present concisely and accurately.
  • Fast learner with an inquisitive mindset and good problemsolving skills.
  • Good time management and organizational skills.
  • Strong analytical and problemsolving skills
  • Knowledge of 'NextGen' tools such as Tableau, Confluence, Alteryx, Workiva and similar considered an advantage

Desired Qualifications

  • Knowledge of 'NextGen' tools such as Tableau, Confluence, Alteryx, Workiva and similar

Shift Timings:
IST 13.30 to 22.30


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 a
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