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Assistant Manager

Mumbai, , India;

Job Description:

Overview (Bank overview, GBS India overview, Function 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 all 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*

The Global Finance 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 General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support.

Job Description*

The role involves accounting, month end close, regulatory reporting for LEC. The individual will be part of a team responsible for the legal entity control activities, including external reporting, management of financial close, supporting certain aspects of regulatory reporting, driving change and operational excellence

Responsibilities*

Accountable for various day to day responsibilities of the Finance function including accounting processes and reporting, month-end close, analysis and settlement of intercompany balances, regulatory reporting for entities, management reporting and variance analysis, local GAAP reporting

• Analyze monthly financial results and prepare internal management reports

• Prepare data submissions for regulatory reporting groups for US GAAP consolidation 

• Assist with the preparation of stand-alone external reports

• Analyze and understand legal entity general ledger balances

• Support the resolution and forecasting processes

• Identify and escalate control issues, errors and efficiency opportunities

• Support ad hoc projects such as system implementation, change management

Requirements*

 Education*

Bcom / Mcom / CA / ICWA / Accounting Degree

 Certifications If Any

Experience Range*

2 years for qualified CAs or 5 years for Non CAs

 Foundational skills*

• Legal entity control and reporting experience in a financial services business preferably in banking industry

• Good understanding of line of businesses in banking

• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint

• Driven to learn and develop new skills

• Dynamic, high energy, solid work ethic, willing to take on new initiatives

• Self-motivated and independent having a control mindset

• Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes

• Able to work in a fast paced, deadline oriented environment

• Able to excel and influence in a cross-functional team structure

• Proficient in the use of Excel, Word and MS Access

 Desired skills

• Strong computer skills (advanced excel and macro/access) and Oracle/SAP experiences are preferred

• Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc

Work Timings*

12:30 PM to 9:30 PM /  (may require stretch during close period)

Job Location*

Mumbai  or Gurugram

Job Band:

H7

Shift: 

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Overview (Bank overview, GBS India overview, Function 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 all 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*

The Global Finance 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 General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support.

Job Description*

The role involves accounting, month end close, regulatory reporting for LEC. The individual will be part of a team responsible for the legal entity control activities, including external reporting, management of financial close, supporting certain aspects of regulatory reporting, driving change and operational excellence

Responsibilities*

Accountable for various day to day responsibilities of the Finance function including accounting processes and reporting, month-end close, analysis and settlement of intercompany balances, regulatory reporting for entities, management reporting and variance analysis, local GAAP reporting

• Analyze monthly financial results and prepare internal management reports

• Prepare data submissions for regulatory reporting groups for US GAAP consolidation 

• Assist with the preparation of stand-alone external reports

• Analyze and understand legal entity general ledger balances

• Support the resolution and forecasting processes

• Identify and escalate control issues, errors and efficiency opportunities

• Support ad hoc projects such as system implementation, change management

Requirements*

 Education*

Bcom / Mcom / CA / ICWA / Accounting Degree

 Certifications If Any

Experience Range*

2 years for qualified CAs or 5 years for Non CAs

 Foundational skills*

• Legal entity control and reporting experience in a financial services business preferably in banking industry

• Good understanding of line of businesses in banking

• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint

• Driven to learn and develop new skills

• Dynamic, high energy, solid work ethic, willing to take on new initiatives

• Self-motivated and independent having a control mindset

• Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes

• Able to work in a fast paced, deadline oriented environment

• Able to excel and influence in a cross-functional team structure

• Proficient in the use of Excel, Word and MS Access

 Desired skills

• Strong computer skills (advanced excel and macro/access) and Oracle/SAP experiences are preferred

• Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc

Work Timings*

12:30 PM to 9:30 PM /  (may require stretch during close period)

Job Location*

Mumbai  or Gurugram

Learn more about this role

Full time

JR-21054858

Band: H7

Manages People:

Manager:

Talent Acquisition Contact:

Shweta Madaan

Referral Bonus:

0