The Business Finance Associate is responsible for accurate and timely production of daily P&L reports, variance analysis, balance sheet substantiation, and MIS reporting. The role involves engaging with global stakeholders, managing product reconciliations, and ensuring compliance with accounting standards. Contributions to process standardization and performance improvement are also integral to the position.
Job Description:
In Scope of Position based Promotions (INTERNAL only)
Job Title: Business Finance, Associate
Location: Mumbai, India
Role Description
- Within Business Finance, we have Revenue Control & Financial Control functions. For each product / business line the Revenue control & Financial control responsibilities are segregated & well defined.
- As a Business Finance personnel, the core responsibilities is to ensure accurate reporting of periodic P&L, Risk and BS on the basis of sound business/ product understanding along with strong accounting & system knowhow.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your key responsibilities
- Responsible for the accurate and timely production of daily T+1 P&L production, attribution and analysis.
- Providing daily commentary and variance investigation to Front Office traders and senior Finance managers
- Break investigation and resolution: Model vs Actual(Ledger) Cash, FO/MO system vs trade docs etc
- Market Conformity Check exceptions resolution
- Balance sheet substantiation, i.e. obtaining requisite supports for GL accounts in line with MRP policy; FX Balance review
- Production of various MIS reports for the above businesses within agreed timelines
- Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting
- Performs QA function for processes within their teams remit and regularly assesses the effectiveness of the checks
- Engages with CTB/SME ( Change the Bank / Subject Matter Expert) in order to deliver change
- First level of escalation for team issues and for stakeholder escalation
- Manages the resolution of product reconciliation break/exception items in a timely manner
- Process standardization across business
- Provides summary of KRI's for their business area and remediation plans where SLA's are being missed and/or where issues exist
- Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis
- Interaction with global stakeholders & auditors.
Your skills and experience
- An experience of 5-7 years in the core accounting function of an organisation would be an advantage.
- Strong understanding of financial market products such as Loans, Equities & OTC.
- Adaptable and culturally aware. Experience of working in a global environment preferable.
- Ensure team work culture is practiced.
- Ability to learn quickly.
- Ability to communicate effectively (oral & written) & strong interpersonal skills.
- Strong analytical and quantitative skills.
- Well organized & able to clearly present results of work.
- Essentials Competent use of MS-Office – specifically Excel and Access.
- Working with multiple data sources and having confidence in figures and presentation.
- Accuracy-driven and able to self review reports and other deliverables effectively.
- Be comfortable & willing to drive process improvement.
- Be able to constructively challenge.
- Be inquisitive.
- Knowledge of SAP and programming skills helpful but not required. SAP need to be learned quickly though.
- Should be diligent, thorough, shows initiative and is proactive.
- Proven ability to own and develop successful relationships with RPL, Operations and CSR
- Excellent team worker, able to work in virtual global teams and in a matrix organization
- Open minded, able to share information, transfer knowledge and expertise to team members
- Flexibility regarding problem solving.
- Keeps pace with technical innovation and market driven initiatives and maintains a broad understanding of the GBS offering
- Strong interpersonal/good negotiations skills are required, in parts leadership
How we’ll support you
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
About us and our teams
Please visit our company website for further information:
https://www.db.com/company/company.htm
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
Top Skills
SAP
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