Analyst-Accrual & Prepayment Controls

Job Description

Job Title: Analyst-Accrual & Prepayment Controls Location: ChennaiAbout Barclays Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.Risk and Control Objective Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards. Working Flexibly We re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers and clients needs. Whether you have family commitments or you re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager.Accountable for timely & accurate month-end close process across clusters & functions. Ensure end to end functionalities and reporting capabilities of the automated tool APE are clearly understood in a granular level Ensure to have detailed understanding of each cost category of accrual managed and their accounting treatment, source of accrual inputs, dependencies and challenges Review of aged accrual metrics and establish robust process with FBPs Provide Month end close support for multiple functions, facing off to the Cost Lead & FBPs Custodian for APE static table maintenance Work with Change Management team on various finance project impacting the month-end close process like Faster Ledger Close, Coupa Deployment etc. Ensure all control and governance activities are regularly carried and update provided to management like EUDA review, RCSA etc Ensure periodic review of A&P guideline, desk procedure notes of non-purchase order based accrual / prepayment, APE system workflow and guideline to ensure they are update, robust and covers all key aspects at all time.What will you be doing The candidate may be required to carry below activities, not limited to any of the following:Cost Controllership Month end close o Cost Accruals & Prepayments - Pre-month review of expense and accruals, Calculation of accruals and maintenance of calculation models, liaise with FBPs to ensure posting of accruals, prepayments and expense re class (if required) & Adequate substantiation of accruals and prepayments, o Flash Process - Review and analysis of Flash Results, ensure month-end landing position is accurate and process necessary adjustments adhering to FLC guideline. o Balance Sheet Reconciliation & Sign-off - Substantiation and reconciliation of all accruals and prepayments posted by the team, Balance sheet reporting by account line & Account Ownership sign-off o Liaison with internal / external auditors and signing attestation to expense validity for CFO.Controls & Governance o Presenting monthly dashboards and MI to respective Lead FBPs & Business Managers for detailed review of aged accrual. o Monitoring and highlighting the risk and opportunitiesReporting Produce accurate, timely and reliable Balance sheet metrics covering all clusters and functions Monthly aged accrual reports to FBPs and Financial Control team on need basis. Update and improve reports (in line with business objectives) focusing on scalability, efficiency and effectivenessProjects / Transformation Provide active support in executing Cost Transformation Projects within Cost FTC Apply lean thinking and identify the areas to automate or improve to achieve higher efficiencyHierarchy & Reference data management Good understanding of Barclays systems and cost landscape, data flows, ledger interfaces Identify the opportunities for scalability of current footprint and work towards establishing a larger coverage Custodian for APE static table maintenanceWhat we re looking for:Post graduate qualification in a numerate/information discipline desirable CA and/or MBA (Finance) / equivalent qualification with a strong academic record Experience in Financial Reporting, Control, Planning and/or Analytics Barclays data and/or analytics experience a distinct advantage Highly motivated self-starter and Strong planning & organisational skillTechnical Knowledge Continually striving for process improvement Knowledge of APE systems and processes would be an advantage Understanding of the range of products and services within the firm and the ability to apply this to reporting requirementsSkills that will help you in the role:Personal and Interpersonal Skills Confident and assertive manner. Develops relationships and manages stakeholder s expectations professionally Displays integrity, initiative, commitment and credibility through interactions with colleagues and clients Works well in a team and maintains good relations with team members. Shows enthusiasm and diligence and ensures team motivation is optimized.Control Environment Ensure adherence of team control requirements Escalates risk and opportunities appropriately Has the mindset to strive to identify potential control breakdowns in process, also demonstrated with effective procedure manualsBusiness Skills Has the initiative and ability to break down problems into components parts and resolve them. Can solve problems effectively and creatively Assist the Team lead in coming up with innovative, creative and scalable solutions. An understanding of the business cost drivers, project delivery, an ability to fully utilize the financial systems and available data is required. Good influencing and negotiation skills. Candidate will help the lead to manage the relationship with Finance Business Partners, Business COOs, Projects and IT to ensure seamless month close deliveryWhere will you be working ChennaiBe More at Barclays At Barclays, each day is about being more as a professional, and as a person. Be More @ Barclays represents our core promise to all current and future employees. It s the characteristic that we want to be associated with as an employer, and at the heart of every employee experience. We empower our colleagues to Be More Globally Connected, working on international projects that improve the way millions of customers handle their finances. Be More Inspired by working alongside the most talented people in the industry, and delivering imaginative new solutions that are redefining the future of finance. Be More Impactful by having the opportunity to work on cutting-edge projects, and Be More Valued for who you are. Interested and want to know more about Barclays Visit home.barclays/who-we-are/ for more details.Our Values Purpose and ValuesWe deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term. Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.Respect We harness the power of diversity and inclusion in our business, trust those we work with, and value everyones contribution.Integrity We operate with honesty, transparency and fairness in all we do.Service We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.Excellence We champion innovation, and use our energy, expertise and resources to make a positive difference.Stewardship We prize sustainability, and are passionate about leaving things better than we found them.Our DiversityWe aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.Our BenefitsOur customers are unique. The same goes for our colleagues. Thats why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our flexible working options for colleagues. If you have a need for flexibility, then please discuss this with us.,

Keyskills :
item response theoryrisk management frameworkcost driversbalance sheetclose processlean thinkingreference datarisk managementteam motivationconsumer bankingproject deliveryequipment supply