LEC Financial Accountant
Published date: 2024/01/10
- Location: Chennai, Tamil Nadu, India
About Wells Fargo
Wells Fargo & Company (NYSE : WFC) is a diversified, community-based financial services company with $2.0 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.
com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy.
With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No.
25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially.
News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
About Wells Fargo India
Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services.
We are operating in Hyderabad, Bengaluru and Chennai locations. Learn more about Wells Fargo India at our International Careers website.
Department Overview
Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services.
Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Ireland, Beijing, Cayman Islands, Dubai International Financial Centre (DIFC), Hong Kong, London and Seoul.
The EMEA Controller team is responsible for regulatory, financial, and management reporting requirements in the region. As well as forming a key part of the International Controllers organization, the team provides local support for varied financial services business lines as well as the International CFO.
About the Role
Working within the International Controllers Team, this role supports the maintenance of a robust financial control environment across the international region (primarily EMEA), helping achieve the primary objective of ensuring the accuracy of the books and records across entities within the regions and the timely and accurate financial reporting to internal and external stakeholders.
Responsibilities include the performance of financial controls and preparation of financial reports across assigned entities and / or lines of business, providing exposure to a wide range of business lines and banking products
Responsibilities
Performance of legal entity related financial control and reporting tasks, including :
Ensure accurate books and records in compliance with relevant GAAP, preparation of the management accounts and assisting with ad hoc queries.
Raise journals / perform established control tasks to evidence integrity of books and records, prepare management accounts.
Identification of control weaknesses; proposal and implementation of remediating controls.Develop and perform financial control tasks including analytical review, transaction analysis, reconciliations, substantiation of GL balances, revenue analysis, cost analysis.
Ensure operational documentation is maintained in line with relevant Wells Fargo policies
• Line of Business / Support Functions ContactPerform Financial Control activities to support Business Lines / Support Functions and providing them with entity level reporting relating to their Line of Business / Support FunctionAssisting in explaining variances and facilitating understanding of relevant financial resultsProviding ad-hoc accounting support as necessary in relation to ad-hoc queries and projects (including new business initiatives)
• Support preparation of audited annual financial statements : Provision of financial data to facilitate creation of financial statementsInteraction with external auditors as necessary
• Responsible for preparation of Intercompany Balance Sheet and Income Statement reports on a monthly / quarterly basis
• Responsible for preparation of Entity level analysis of Indirect Non-Interest Income / Expense (INII / INIE)
• Engagement with regulatory reporting team members to facilitate effective cross team interaction
Essential Qualifications
• Qualified CA / CFA / ICWA / MBA-Finance with 5+ years of experience in Finance & Accounting
• Experience of working in a financial services organization
• Experience in preparation of internal financial reporting, considering both Legal Entity and Line of Business dimensions.
• Working knowledge of financial services / products and their accounting treatment (US GAAP and IFRS).
• Self-motivated / proactive approach, with the ability to work independently within a team structure.
• Innovative mindset, with a track record of process enhancement (enhancing efficiency, control, transparency).
• Understanding of best-in-class expectations in respect of controls and governance.
• Strong communication skills, with the ability to present concisely and accurately.
• Fast learner with an inquisitive mindset and good problem-solving skills.
• Good time management and organizational skills.
• Strong analytical and problem-solving skills
Desired Qualifications
Knowledge of NextGen’ tools such as Tableau, Confluence, Alteryx, Workiva and similar
Shift Timings : IST 13.30 to 22.30
Posting End Date : 24 Dec 2023
24 Dec 2023
• Job posting may come down early due to volume of applicants
Wells Fargo & Company (NYSE : WFC) is a diversified, community-based financial services company with $2.0 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.
com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy.
With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No.
25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially.
News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
About Wells Fargo India
Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services.
We are operating in Hyderabad, Bengaluru and Chennai locations. Learn more about Wells Fargo India at our International Careers website.
Department Overview
Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services.
Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Ireland, Beijing, Cayman Islands, Dubai International Financial Centre (DIFC), Hong Kong, London and Seoul.
The EMEA Controller team is responsible for regulatory, financial, and management reporting requirements in the region. As well as forming a key part of the International Controllers organization, the team provides local support for varied financial services business lines as well as the International CFO.
About the Role
Working within the International Controllers Team, this role supports the maintenance of a robust financial control environment across the international region (primarily EMEA), helping achieve the primary objective of ensuring the accuracy of the books and records across entities within the regions and the timely and accurate financial reporting to internal and external stakeholders.
Responsibilities include the performance of financial controls and preparation of financial reports across assigned entities and / or lines of business, providing exposure to a wide range of business lines and banking products
Responsibilities
Performance of legal entity related financial control and reporting tasks, including :
Ensure accurate books and records in compliance with relevant GAAP, preparation of the management accounts and assisting with ad hoc queries.
Raise journals / perform established control tasks to evidence integrity of books and records, prepare management accounts.
Identification of control weaknesses; proposal and implementation of remediating controls.Develop and perform financial control tasks including analytical review, transaction analysis, reconciliations, substantiation of GL balances, revenue analysis, cost analysis.
Ensure operational documentation is maintained in line with relevant Wells Fargo policies
• Line of Business / Support Functions ContactPerform Financial Control activities to support Business Lines / Support Functions and providing them with entity level reporting relating to their Line of Business / Support FunctionAssisting in explaining variances and facilitating understanding of relevant financial resultsProviding ad-hoc accounting support as necessary in relation to ad-hoc queries and projects (including new business initiatives)
• Support preparation of audited annual financial statements : Provision of financial data to facilitate creation of financial statementsInteraction with external auditors as necessary
• Responsible for preparation of Intercompany Balance Sheet and Income Statement reports on a monthly / quarterly basis
• Responsible for preparation of Entity level analysis of Indirect Non-Interest Income / Expense (INII / INIE)
• Engagement with regulatory reporting team members to facilitate effective cross team interaction
Essential Qualifications
• Qualified CA / CFA / ICWA / MBA-Finance with 5+ years of experience in Finance & Accounting
• Experience of working in a financial services organization
• Experience in preparation of internal financial reporting, considering both Legal Entity and Line of Business dimensions.
• Working knowledge of financial services / products and their accounting treatment (US GAAP and IFRS).
• Self-motivated / proactive approach, with the ability to work independently within a team structure.
• Innovative mindset, with a track record of process enhancement (enhancing efficiency, control, transparency).
• Understanding of best-in-class expectations in respect of controls and governance.
• Strong communication skills, with the ability to present concisely and accurately.
• Fast learner with an inquisitive mindset and good problem-solving skills.
• Good time management and organizational skills.
• Strong analytical and problem-solving skills
Desired Qualifications
Knowledge of NextGen’ tools such as Tableau, Confluence, Alteryx, Workiva and similar
Shift Timings : IST 13.30 to 22.30
Posting End Date : 24 Dec 2023
24 Dec 2023
• Job posting may come down early due to volume of applicants
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