Assistant Manager

Job Description

Overview (Bank of America overview, BA Continuum India overview, Business 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 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 process involves accounting, management reporting, intercompany settlements, regulatory reporting and US Fed reporting along with various other control areas like reconciliations, month - end close and tracking.

Responsibilities

GBAM controller analyst position includes, but is not limited to the following responsibilities:

• Sound knowledge of accounting principles
• Develop and maintain a robust internal control environment across business processes and implement regular monitoring processes
• An eye for detail for controls and governance with respect to procedures and policies
• Keep abreast of latest accounting changes
• Owns 100% statutory compliance, timely and accuracy of deliverables
• Identifying the underlying risk in relation with accounting GAAPs, regulatory reporting and other requirements.
• Assessing and Implementing process improvements and other opportunities in the process
• Ensure smooth and timely closure of audits
• Taking necessary measures to ensure that action plans are developed to address compliance gaps and executed on a timely basis.
• Develop a smooth working relationship with multiple stakeholders

• Requirements

  • Strong Accounting Standards Knowledge
  • • Exposure to International Accounting & Reporting Standards (US GAAP s, FAS, IFRS)
    • Strong organization and time management skills.
    • Able to work in a fast paced, deadline oriented environment

    • Mandatory Skill

      • Education CAMBA Tier II Institute with at least core experience in controllership
      • Experience Range 4 - 6 years of experience in finance, Accounting, Audit, Controllership andor operations.

      • Desired Skill

        • Strong understanding and an aptitude for technical and project work
        • Proficient in the use of Excel, Word and MS Access
        • Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint.

Keyskills :
sales mis accounts tat banking supplychainmanagement usgaap tierii msaccess supplychain riskmanagement globaldelivery timemanagement humanresources accountspayable assetmanagement internalcontrol businessservices tatementsofworksow repo