Finance Analyst

About Wells Fargo India

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview

Consumer lending finance group brings together enterprise functions that drive Wells Fargo's financial management, including accounting and control, financial planning and analysis, line of business finance, asset-liability management, treasury, tax management, and the company's investment portfolios. Key portfolios include Business facing finance support for Home Lending (Production, Servicing, Capital Markets, Pricing, & FP&A activities)

About The Role

This Individual contributor role is responsible for all of the month end close activities starting from BD -4 to BD +5 (Business days). Post the book closures, the role needs to support a lot of reporting, dashboards and ad-hoc reports. Reports include preparing daily, weekly and monthly reporting and other ad-hoc reports to support the line of business and provide meaningful analysis and analytics support. This role also extensively includes a wide range of data management activities such as data extractions, consolidations, aggregations, validations and modelling support. The role strives for excellence in providing timely, accurate and meaningful insights to senior stakeholders and driving efficiency and process innovations.

Responsibilities
• Month-end and quarter-end close reporting processes, with a focus on accuracy and process improvement; suggest innovative ideas and take initiative to automate the process.
• Evaluate all financial results and related reporting, check for reasonability in results between current month and expectations and prior months
• Provide meaningful analysis and variance commentary to inform and guide stakeholders; identify risks and opportunities to future forecast
• Data management, data integrity and data lineage skills in ensuring appropriate reporting of financials and related metrics/drivers.
• Monitor key financial and metric trends and provide weekly and monthly reporting; identify and explain the cause of any material variances
• Requires extensive data reconciliation & consolidation as well as analysis, coupling the use of scenario and sensitivity analysis to forecast possible outcomes.
• Design new report / Modify existing financial report using Essbase excel add in tool.
• Generate multiple reports like Close, Balance sheet, P &L reports and Variance analysis report from Dodeca tool
• Improvise the process by suggesting innovative ideas and take initiative to automate the process.
• Deploy proper knowledge management process within Consumer Lending group by regularly updating the process documents and create back up for all the process.