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Team Leader

Gurugram, India

Job Description:

Overview

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview

FAKC (Finance and Accounting Knowledge Center) was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management.

Over the years, the scope of FAKC has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Job Description:

The Global Consolidations Accounting team is part of the Corporate Controller Group. The primary focus of our team is managing Intercompany and Equity Consolidations Accounting. Our business partners include Legal Entity controllers, Middle Office operations, LOB finance, and other operational groups.

The teammate in this analyst role is responsible for managing equity consolidations as well as various types of equity accounting, analysis, and reporting of legal entities. Generally, the work routine occurs throughout the month with a heavy emphasis on month end close. As part of the responsibilities of the role, the teammate will develop business partner relationships with Legal Entity controllers, Middle Office operations, LOB finance contacts, and other operations group within the bank. Throughout the tenure of the role, the teammate should gain exposure and acumen in various finance and operations groups of the organization, and develop or improve the following skills: accounting, analytical abilities, reporting, and business partnering.

Responsibilities

  • Account for the acquisition, disposition, merger, or liquidation of subsidiaries and or assist in assessing the impact to the corporate consolidation structure
  • Manage balance sheet and Income statement intercompany residuals
  • Monitor and analyze various consolidated account balances for accuracy ensuring results are as expected and preparing correction entries as needed
  • Follow up and work with business partners throughout the month
  • Provide support for monthly escalation reporting to senior management
  • Assist in leading monthly routine meetings
  • Support audit requests and SOX deliverables
  • Prepare quarterly SEC and Regulatory Reporting
  • Provide guidance to business partners
  • Testing and support of special projects  

Requirement

Education - - Master’s degree preferably in Accounting

  • Experience - Minimum of 7 years accounting/finance experience

Required

  • Microsoft Excel intermediate experience
  • Strong written and oral communication, presentation, analytical and technical skills
  • Highly organized and attention to detail 
  • Strong business partner skills with ability to meet multiple deadlines
  • Analytical Abilities/Financial Acumen/Problem Solving
  • Strong initiative and drive for results

Desired

  • Experience in the Financial Services industry
  • Alteryx/Tableau experience
  • Oracle or SAP eLedger experience
  • Understanding of the legal entity consolidation structure
  • Consolidations accounting experience

Shift Timings – 11:30 AM to 8:30 PM (Stretch during close, BD2-4)

Location - Gurugram

Learn more about this role

Full time

JR-20023058

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
Infospace, Gurugram, 122016