Associate - Financial Reporting

Job Title: Associate

Department: Lux Financial Reporting

About Business line/Function: Fund Administration

Position Purpose: BNP Paribas GSO is seeking a proactive and creative team player. The ideal candidate for this position will possess strong Financial Reporting knowledge and high exposure to IFRS and/or equivalent reporting standards. Financial Reporting Accountant plays a key role in supporting the service delivery of the Fund Administration teams and meeting clients statutory reporting requirements. He/she should possess knowledge in Fund Accounting, Unit Pricing, Investment Administration and Reconciliations areas and should understand the importance of accuracy in reporting. Time management and the ability to operate effectively within critical time constraints in the area are important.

The Financial Reporting Accountant prepares and produces accurate and quality reporting in line with SLA targets. He acts as an effective back up to his/her supervisor. He/she works with various teams and individuals in the operations division, enlisted with providing excellent client support and service. They deal in a pro-active and effective manner with the Fund Accounting teams and their counterparts in Sydney, Wellington and Singapore particularly overseeing, investigating and resolving complex client issues and ad hoc queries, on a timely basis.

In addition to report preparation, the Financial Reporting Accountant is responsible for understanding and implementation of the operational risk and legislative requirements of Fund Administration and BNP Paribas policies, in particular, ensuring compliance with the implementation of the Operational Risk and Control framework.

Responsibilities

Direct Responsibilities

Service Delivery

Ensure timely completion of clients financial statements and regulatory reports as per standards defined and per SLA. Completeness includes accurate report generation, timely delivery of reports & archiving.

Ensuring Green KPI's for all reporting items.

Preparation of Key/Standard Operating Procedures for each process migrated to Chennai.

Consistently evaluate the documented procedures to ensure they are complete, accurate and up to date.

Prioritize the work and conduct investigation with due diligence on all the discrepancies.

Carry out other ad-hoc duties, which may arise from time to time, mainly on month ends & year-ends.

Ensure review of critical queries before sent. Where issues/errors arise ensure detailed analysis of issues and clear understanding is gained before responding to client, spoke or other parties.

Ensure that the Reports are thoroughly reviewed and most updated information is provided.

Ensure effective incident management.

Adhere to 100% timeliness/quality for all reporting items to avoid no financial impact/loss to the organization.

Contributing Responsibilities

Ensure ISAE3402 checks are understood and followed. 100% compliance is must for all NAV packs.

Inform & document all errors identified during review stage within same day. Should take initiative in resolving any repetitive errors or training gaps.

Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.

Identify the manual steps, process efficiencies & developments, by providing practical ideas on areas of improvements & work towards its automation.

Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.

Identify self and others training requirements and develop training plans.

Act as a backup in the absence of other team members.

Assist supervisor in resource planning and BAU planning.

Continuously strive to improve the process and bring efficiency in the chain.

To share the process/product knowledge with fellow team members.

Monitor the respective group mailbox and respond quickly to the queries.

Technical & Behavioral Competencies

Ability to communicate (Oral/Written) to others in a clear, articulate fashion.

Interpersonal skills.

Good listening and questioning ability.

Ability to plan work ahead and to prioritize workload.

Ability to work in an organized manner.

• Must have an attention to detail.
  
  

Ability to generate creative solutions to problems.

Be able to adapt to markets and clients evolution.

Specific Qualifications

Accounting/Commerce

Technical Skills

Skills Referential (Required knowledge, skills and abilities)

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop and leverage networks

Analytical Ability

Know how to fund Accounting and NAV cycle

Behavioral Skills

Attention to detail / rigor

Ability to collaborate / Teamwork

Communication Skills- Oral & Written

Education Level: Bachelor Degree or equivalent

Location: Mumbai

Experience Level: At least 3 years

About BNP Paribas Group

BNP Paribas is the European Union's leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group's commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union's leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.