Wells Fargo Senior Operational Accountant 

India, Karnataka, Bengaluru 

482398854

In this role, you will:

• Perform complex, operational accounting activities associated with maintaining ledger, customer accounts and developing reports.
• Provide operational accounting support for internal business groups or operations departments.
• Review data from the general ledger, unit reports and various systems to ensure accuracy.
• Recommend, implement and communicate best practices and procedures for operational or financial control.
• Provide in-depth business review and develop long term strategies to optimize group or company performance.
• Manage implementation of complex operational accounting projects that have critical impact on the group or company.
• Gather and review operational or financial data for regulatory reports.
• Prepare and review account reconciliations and certifications.
• Review operational accounting procedures, methods or systems.
• Identify and resolve complex or unique issues.
• Review accuracy of data from the general ledger, unit reports and various systems.
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.

Required Qualifications:

• 10+ years of overall experience inbanking industry required.
• Bachelor's degree in commerceor master's in business administration with finance stream.
• Knowledge of Corporations Accounting and Controls standards and policies Broad Banking/Financial services experience.
• Experience in performing various reconcilements such as Cash/Nostros, Suspense and Subsystem.
• Proven understanding of accounting fundamentals as it relates to Nostros/Cash, Suspense and Subsystem reconcilements.
• Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment.
• Detail oriented, results driven, and has the ability to navigate in a quickly changing and high demand environment while balancing multiple priorities.
• Ability to research and report on a variety of issues using problem solving skills.
• Proven ability/proficiency with the use of various types of automation.
• Proven knowledge of IRIS Web/Oracle GL processing.
• Ability to work both independently as well as within a team environment.
• Proven knowledge of IRIS Web/Oracle GL processing.
• Thorough knowledge on Nostro/Vostro, Foreign Exchange, SWIFT
• Effective oral and written communication skills.
• Open to any shifts (as applicable for APAC, EMEA, USA & Canada).

Desired Qualifications:

• BCom or MBA (Finance).
• International Banking Operations Experience.
• Demonstrated understanding of the Corporate and Accounting Policy.
• Proven Basic or intermediate Microsoft Excel, Word and Power Point skills.
• Proven Basic Excel VBA/Macro Skill.
• UAT Testing
• SQL, Power BI
• Data Integrity

Job Expectations:

• Perform daily detailed reconciliation for a variety of Commercial Banking business products like Nostro/Vostro, Payments Services, Trade Finance, Foreign Exchange, CDF, CRE, Treasury etc.
• Perform an end of day balance reconciliation between the “Subsystem (i.e. AIMS, InfoLease, LeaseConnect, Choice, Lucas) and General Ledger”.
• Ensure the daily market fluctuation of a foreign asset/cash accurately recorded within the corporate GL, in US Dollars (CashSubstantiation).
• Review currency exposure or foreign exchange (FX) risk on the position level and report the valuation results on a regular basis (daily or monthly) based on an internationally accepted accounting principle.
• Investigate and escalate outstanding items as per accounting standard policy and OOB conditions on timely manner.
• Bank DDA to GL reconciliations.
• Reconciliation Open item resolution.
• Month-end closing & reporting including journal vouchers.
• Review and Approve documentation for aged items that exceed corporate standard.
• Monitor and validate daily/monthly reports received and loaded to the system to ensure accuracy in reconcilement and to avoid business impact.
• Assist with Books and Records month end close for the reconciliation includes detailed Nostro/GL; Subsystem; Cash Substantiation; FX Position; Supplemental (Multiple System Data comparison); Balance Sheet/P&L Certification.
• Assist with Audit and Operations inquiries and will keep the manager aware of any concerns or special requirements.
• Follow up on inquiries submitted by various lines of business for resolution or escalation.
• Analyze multiple system source data and provide the EOD report toCommercial Banking Operationsdepartment internal customer timely manner.
• Work closely with Oversight, Technology and Production Support team to resolve the issues/breaks.

18 Aug 2024

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Wells Fargo Recruitment and Hiring Requirements:

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