Financial Accountant- Avp jobs at Wells Fargo in India, Hyderabad

In this role, you will:

• Provide support for financial accounting related matters for lines of business and control functions
• Review basic activities associated with maintaining ledger accounts, financial statements and regulatory reports
• Gather financial data for financial and regulatory reports
• Review data from the general ledger, unit reports and various financial systems to ensure accuracy
• Receive direction from managers and exercise independent judgment while developing understanding of financial control functions in accordance with the company’s internal control policies
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications:

• 6+ months of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Experience with data analytic tools (such as Essbase, Access and/or SQL)
• Ability to manage effectively in a matrixed organization
• Strong organizational, multi-tasking, and prioritizing skills
• Strong time management skills and ability to meet deadlines
• Experience using mortgage systems to include one or more of the following: Black Knight-MSP/Fidelity, SHAW, Oracle Essbase, and Oracle General Ledger (GL)
• Direct mortgage experience with HFS/HFI portfolios preferred

Job Expectations:

• QualifiedCA/CFA/ICWA/MBA-Financewith 6+ months of experience in Finance & Accounting Significant experience in accounting, analytics, financial reporting, accounting reporting or risk reporting
• Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
• Strong analytical skills with high attention to detail and accuracy
• Knowledge of GL systems and accounting control policies
• Strong analytical and quantitative skills
• Excellent verbal, written, and interpersonal communication skill
• Understanding of control and risk environments related to processes
• continuous improvement of the control environment

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

In this role, you will:

• Lead or participate in moderately complex initiatives related to financial research, analysis, and reporting
• Review and analyze moderately complex financial data while providing a broad expertise and unique skills used to develop key metrics reporting, including but not limited to budgeting analysis, forecasting analysis, variance analysis, variance commentary, reporting, reviews, and presentation
• Contribute to large scale planning such as economic research in support of management decision making
• Research key financial metric forecasting projections as well as management of financial reporting to support forecasting and budgeting processes
• Develop strategies and make recommendations for forward financial planning as well as enhancing financial reporting
• Lead projects to meet the implementation of moderately complex projects impacting one or more lines of business and exercise independent judgment while leveraging a solid understanding of the function, policies, procedures, and compliance requirements
• Establish effective and efficient reporting delivery that meets brand standard and internal control standards
• Collaborate and consult with peers, colleagues, and mid-level managers to resolve issues and achieve goals

Required Qualifications:

• 4 + years of Finance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Bachelor's/master’s degree in finance, Accounting, Business, or Economics; CA/CFA/MBA a plus
• Experience in finance or accounting roles, including monthly close, management reporting, Monthly business review decks
• Ability to perform complex analysis, build financial models, draw conclusions and communicate recommendations to business leaders.
• Exposure to key accounting tools like Oracle Financials, Essbase. Exceptional Essbase, Excel, PowerPoint and strong knowledge using pivot tables, v-lookups, tracing formulas, and running macros
• Working knowledge of key tools like Dodeca FAST and Power BI or any Next Gen AI tools
• Ability to prepare executive level presentations, management reporting, and analysis
• Strong analytical skills with high attention to detail and accuracy
• Strong time management skills and ability to meet deadlines
• Sense of urgency with ability to adapt to fast changing priorities and timelines
• Self-starter with exceptional critical thinking skills combined with a strategic business focus; can recognize issues and implement solutions with minimal guidance
• Excellent communication skills (oral and written) for regular connections with leaders and broader finance team, organizational skills, and experience articulating issues, risks, and proposed solutions to management

Job Expectations:

• Manage centralized forecasting processes and tools in support of function-facing Finance leads
• Maintain Finance hierarchy and structural alignment to functional organization below OC-1 level
• Build central financial transfer tracking infrastructure and content and assists dedicated function-facing teams with coordinating activities as needed
• Own initial calculation of transfer impacts for budget and management reporting adjustments, and coordinates system inputs with function-facing leads
• Track incoming expenses against established Statements of Work, and manages monthly accruals and forecast recommendations to function-facing leads
• Own maintenance of mapping between Financial hierarchy and Human Resources hierarchy at senior leadership levels
• Conduct in-depth research of financial data and analyze and report findings; collaborating with business partners
• Collect financial data, perform high-level analysis, identify and resolve issues or complex problems; communicate and provide updates to business partners
• Develop a “continuous improvement” mindset within the team and help drive this culture across the finance function
• Document procedures to ensure effective repeatable processes
• May analyze the trends of Key Performance Indicators (KPI), especially relating to financial metrics, monitor KPI and identify the cause of any unexpected variances
• May recommend business strategies or approaches and provide input to business strategic plans based on various analysis
• The shift timing will be from 1.30PM -10.30PM IST

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

In this role, you will:

• Provide consultation to more experienced leadership for financial accounting related matters
• Perform complex activities associated with maintaining ledger accounts, developing financial statements and regulatory reports
• Gather and review financial data for financial and regulatory reports
• Review data from the general ledger, unit reports and various financial systems to ensure accuracy
• Prepare and review account reconciliations and certifications
• Analyze projects relating to financial accounting procedures, methods or systems
• Perform ongoing financial control functions in accordance with internal controls policies
• Provide functional advice and training to individuals
• Provide support for compliance and risk management requirements
• Collaborate and consult with stakeholders throughout the enterprise

Required Qualifications:

• 2+ years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• QualifiedCA/CPA/CFA/ICWA/MBA/Bachelor’s/Postgraduate up to 9+ years of experience in Accounting, Finance or Business Administration
• Ability to work in changing priorities and deadlines both independently and within team environment
• Strong communication and presentation skills
• Good understanding on balance sheet reconciliation and substantiation and bank reconciliation.
• Ability to review/perform daily or month-end related journals.
• Ability to review/perform REG reporting activities.
• Ability to perform complex analyses, draw conclusions, and communicate recommendations to business leaders
• Prioritize multiple tasks in a fast-paced environment with critical deadlines
• Advanced knowledge of Excel, Power point.
• Strong analytical skills with high attention to detail and accuracy
• Ability to exercise independent judgment and creative problem-solving techniques
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Building relationships and collaborating with key stakeholders in the applicable line of business and IT functions related to assigned projects
• Experience with data analytic tools (such as Essbase, Power BI, Alteryx)
• Advance knowledge of Excel, Alteryx or similar ETL platforms.
• Financial services industry expertise with specific experience in financial reporting as per US GAAP would be preferred

Job Expectations:

• Gathering and reviewing financial data available from various platforms for preparing financial and regulatory reports.
• Reviewing data from the general ledgers, 3
  rd
  Party reports and other data sources to ensure accuracy & performing a variety of analysis relating to financial accounting procedures, method’s or systems.
• Preparing and reviewing account reconciliations and certifications.
• Provide functional advice or training to lower level accounting positions.
• Provide remediation support, consultation and subject matter expertise for process and internal control remediation efforts.
• Lead implementation of complex projects and/or initiatives impacting multiple lines of business across the enterprise.
• Develop and build strong relationships and effective communication processes with customers, partners and stakeholders.
• Critical assessment of corrective actions to ensure accurate root cause analysis addressing strategic solutioning and leading to a sustainable solution.
• Serve as a key change agent in building/adopting best practices for continuous improvement of the control environment.

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

In this role, you will:

• Provide consultation to more experienced leadership for financial accounting related matters
• Perform complex activities associated with maintaining ledger accounts, developing financial statements and regulatory reports
• Gather and review financial data for financial and regulatory reports
• Review data from the general ledger, unit reports and various financial systems to ensure accuracy
• Prepare and review account reconciliations and certifications
• Analyze projects relating to financial accounting procedures, methods or systems
• Perform ongoing financial control functions in accordance with internal controls policies
• Provide functional advice and training to individuals
• Provide support for compliance and risk management requirements
• Collaborate and consult with stakeholders throughout the enterprise

Required Qualifications:

• 2+ years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Performs accounting method check by validating actual accounting method used versus system recommended based on percentage of ownership
• Manually book equity pick up and/or OTTI entries in Simcorp Dimensions, uploaded in Eagleweb for US review and approval, pushed to final GL – based on requests from various business groups
• Shadow book in Investran all REEF and non-REEF transaction located in General Ledger
• Responsible for deal building, cash postings and monthly reconciliation of non-marketable equity deals
• Conducts balance review of capital stock and additional paid in capital for NMEI deals
• Reviews monthly basis adjustments for renewable deals as per monthly amortization schedule
• Provide support and review for all NMEI sold deals receivables
• Conduct research and accounts for mismatches
• Producing ad hoc queries and reports to assist in business analysis and project execution
• Participation in status meetings/calls, project planning and verbal and written updates
• Ability to plan, prioritize and execute with minimal supervision

Job Expectations:

• 7 years of experience in finance and accounting
• CPA/CA or Bachelors/MBA in Finance, Accounting, or Business
• Knowledgeable in accounting for private equity and securities products, reconciliations and the monthend general ledger close process
• Excellent problem solving, analytical and technical skills with ability to apply critical judgement and come up with effective decisions
• Strong verbal and written communication skills and proficiency for detailed documentation with ability to validate work
• Proficiency in Microsoft excel with ability to streamline reporting needs
• Detail oriented, ability to work in past paced environment and able to meet stringent deadlines
• Ability to plan, prioritize and execute with minimal supervision

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

In this role, you will:

• Provide support for financial accounting related matters for lines of business and control functions
• Review basic activities associated with maintaining ledger accounts, financial statements and regulatory reports
• Gather financial data for financial and regulatory reports
• Review data from the general ledger, unit reports and various financial systems to ensure accuracy
• Receive direction from managers and exercise independent judgment while developing understanding of financial control functions in accordance with the company’s internal control policies
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications:

• 6+ months of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

Job Expectations:

• Knowledge and understanding of conversions, system analysis, data mapping, conversion reconcilement, validation and implementations
• Ability to grasp complex business issues quickly, recommend solutions, and drive for resolutions
• Understand the recorded loans and how they are reported for SEC and Regulatory reporting
• Knowledge of US GAAP/IFRS and Commercial Lending
• A solid understanding of the accounting, reporting, and internal control issues facing large, diversified US financial services institutions
• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Experience executing a COSO-based Sarbanes-Oxley internal control assessment
• Track record of successfully partnering with others to drive change
• Ability to troubleshoot, identify and understand downstream impacts
• Demonstrated ability to take initiative, drive innovation, credibly challenge and proactively influence risk and control environments
• Ability to quickly evaluate emerging risks, understand impacts and implement appropriate adjustments to plan

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

In this role, you will:

• Meet the company’s regulatory, Security and Exchange Commission and other external financial reporting requirements
• Support external financial reporting activities with a thorough understanding of reporting requirements, end to end reporting processes, and data needed to deliver accurate and complete financial reporting
• Support implementation of moderate to complex projects and initiatives
• Provide accounting technical regulatory capital and regulatory reporting guidance
• Identify compliance and risk management requirements for supported area
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Communicate and provide consultation with experienced stakeholders throughout the enterprise

Required Qualifications:

• 2+ years of Finance, Accounting, Financial Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• CA/CMA/MBA-Finance or equivalent
• Meet the company’s regulatory, Security and Exchange Commission and other external financial reporting requirements (FR Y11/ FR 2314/ FR Y9C/ FFIEC 031)

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

In this role, you will:

• Lead or participate in moderately complex initiatives as a technical professional

• Provide a broad expertise and unique skills used to develop company objectives and standards for a specific business unit, division, or product

• Review and analyze moderately complex data that contributes to large scale planning such as economic research in support of management decision making for a specific business unit, division, or product

• Research key forecasting projections as well as management of financial reporting to support monthly and quarterly forecasting

• Perform work on significant and unique issues involving data and evaluation or highly complex situations

• Develop strategies and make recommendations for forward financial planning in support of line of business goals

• Lead the implementation of moderately complex projects impacting one or more lines of business

• Establish effective and efficient reporting delivery that meets brand standard and internal control standards

• Collaborate and consult with peers, colleagues, and mid-level managers in finance and in a given line of business to resolve issues and achieve goals

• Exercise independent judgment while leveraging a solid understanding of the knowledge policies, procedures, and compliance requirements within the function

Required Qualifications:

• 4+ years of Finance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• CA / CMA / MBA Graduate with experience of financial or banking sectors

• Progressive track record of management reporting experience with familiarity of running and or working in a geographically diverse team.

• Strong Financial analysis and experience in providing timely and relevant recommendations to drive business decisions and outcomes.

• Demonstrable change management skills, particularly those involving process re-engineering and systems change.

• Strong interpersonal and communication skills, including the ability to give presentations and briefings to senior management.

• Creative and strategic thinking skills, including the ability to analyze business transactions and identify key Finance risks/mitigating controls,

• Ability to work under pressure and maintain high energy levels.

• Must be able to work independently with positive collaboration within a fast paced, team environment.

Corporate & Investment Banking (CIB)

Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

About the Role:

Wells Fargo is seeking a Senior Finance Analyst to focus on balance sheet and net interest income forecasting, reporting, and analytics across baseline forecasts, stress tests, resolution and recovery planning, and other financial management processes for the CIB Banking business. This role will report to the CIB Finance Manager based in India.

• Execute balance sheet and net interest income (inclusive of yields and cost of funds) forecasts, reporting, and analytics related to deposits, loans, or other products.

• Contribute to wide reaching Stress Test and Resolution Planning process and related documentation including partnership with Business Finance, Corporate FP&A, Corporate Enterprise Risk Group, and Risk Modeling Group

• Build deep understanding of dynamics and assumptions related to model assumptions, including management judgement, and other drivers used to build balance sheet and net interest income projections.

• Produce complex reporting and analytics to provide management with meaningful insight into underlying drivers impacts balances and income forecasts.

• Ensure accurate recurring deliverables are completed timely, establish controlled processes, and support ongoing strategic initiatives such as forecast transformation efforts, process improvements, forecasting model built-out and enhancement, etc.

• Responsible for compliance with forecast governance and oversight requirements and ensuring that model KPIs are properly tracked, model risks are appropriately managed and mitigated.

• Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements.

• Strong analytical, reporting and presentation skills.

• Exposure to key accounting tools like Oracle Financials, Essbase etc.

• High integrity and do what is right, fair and respectful.

• Innovative problem solver

• Relationship building skills.

• Attention to detail – Recognizes the importance of detail to ensure data integrity.

• Comfortable to work in Rotational shifts.

• Advanced Microsoft Office (Word, Excel and PowerPoint) skills and exposure to tools such as Power BI, Tableau, Alteryx would be an added advantage.

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.