Associate Manager, Financial Reporting
Standard Chartered
Chennai, India
6d ago

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base. Job Purpose A seasoned professional responsible for all accounting f / ledger operations / control processes that constitute Record to Close stream, for Performance Management, and drive re-engineering of the same e2e to deliver process efficiencies and effectiveness. The Role Responsibilities

  • Responsible for leading the team and supervision of the monthly close process, management of books of accounts, accountings controls and accounting operations processes ensuring compliance of regulations, policies and requirements of the in scope countries / entities.
  • Manage the process for review and recording of journal entries required to reflect the monthly activity and continuous improvement in productivity to the standards prescribed from time to time.
  • Continually reviewing all assigned processes in order to identify opportunities for quality & process design improvement
  • Preparation of white paper supporting the monthly close process and month end balances
  • Lead the initiative for reduction in manual journals across the bank by doing a deep dive into the various thematic issues and driving the improvement through various measures.
  • Review monthly accounting close process including analytical review of the monthly operating results to ensure accurate accounting records are maintained
  • Ensure that the standards of customer service provided by the function consistently meet or exceed the requirements set under the Service Level Agreements agreed with the customers.
  • Liaise with customers on the periodic review and re-negotiation of Service Level Agreements and any other related performance and quality measures
  • Ensure effective systems and procedures for the timely collection of data from all accounting sites and their collation and submission to various recipients.
  • Ensure compliance of regulations, policies & requirements of the in scope’ countries and reports and raise relevant risks to delivery by effective communication.
  • Effectively lead change, manage and escalate risks arising out of transition of new processes
  • Our Ideal Candidate

  • Strong Analytical and Strategic mindset, coupled with a thorough understanding of Accounting and Financial Control in Banking Industry with experience in transformation of book close processes
  • Ability to understand and connect business drivers and rationale for and application of those relevant to the Performance management processes.
  • Significant experience of working with senior management team and of interfacing with and influencing senior stakeholders.
  • Have an excellent communication, analytical and decision-making skills.
  • Substantial experience of banking, depth and breadth of knowledge in processes especially in the areas of Management accounting and related processes
  • Strong ability to understand financial statements and its drivers and synthesize them into meaningful analyses as required.
  • Develop analysis & interpretations as required to facilitate management decision making.

  • Experience of having led small and medium teams including senior & experienced professionals.
  • A leader, a team player with the management ability and track record to secure the confidence and respect of the peers, stakeholders and the executive management team.
  • Ability to culturally orient in diverse & international team environment and lead and inspire multi-disciplinary teams.
  • Ability to work effectively under pressure, multi task, lead through ambiguities, influence where he / she does not have direct authority & build on unstructured formative situations
  • Qualifications / Skills

  • Chartered Accountant or MBA with 6+ years of relevant finance experience in Accounting and Control , Finance process re-engineering, and organisation Design
  • Strong understanding of financial industry, specifically banking products and services
  • In-depth knowledge of the e2e book close process in a large international Bank and relevant key measures that drives effectiveness of these processes
  • Effective communication skills, including presenting and influencing senior management.
  • Excellent Excel & PowerPoint skills
  • Excellent written and oral communication skills.
  • Solid people and project management skills.
  • Leadership skills and ability to influence others in decision making
  • Relationship and stakeholder management skills is important
  • Initiative and proactive thinking
  • Apply
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