Associate, Financial Control

Royal Bank of Scotland
Gurgaon, Haryana
360000 - 680000
14 Jun 2018
15 Jun 2018
Job role
Associate, Financial Control Gurugram, Haryana, India Contract type Full-Time Job ref 76128 Date listed 22/05/2018 Closing date 05/06/2018 The Business The Role The role of Associate, Project Accounting & Reporting supports Financial Control functions undertaken for RBS Group by GFS. As a role holder, you will be responsible for providing control of the Divisional Financial ledger through Policy setting, Control, Risk and Systems framework leading to divisional delivery of the Profit & Loss, Balance sheet and related externally disclosed Statutory information. As an Associate, Project Accounting & Reporting, you will need to support and enable all financial transactions to be appropriately recorded and substantiated to reflect true and fair position as per the defined Group policies / procedures and guidelines and provide necessary information for Statutory reporting for the RBS group. What the Business Does Global Finance Services India is a part of RBS's Global Finance network providing a range of support services to multiple franchises and functions across RBS globally. GFS has a functional structure and are hubbed as global Centres of Excellence. Project Accounting & Reporting supports cost accounting and reporting across all franchises, regions and countries. They also support invoice & expenses processing, month-end & fixed assets accounting, management reporting, budget, etc. Your Responsibilities If you are looking to apply for the role of Associate, Project Accounting & Reporting, you will be required to Deliver and maintain integrity of financial information for Group and Divisional Financial Cyclesthrough Projects Financial systems i.e. Oracle Projects Provide and support input into the end to end control and ownership of Franchisee Project Financials The role involves participating in a team across GFS India and UK who are responsible for co-ordinating and delivering the appropriate financial reporting for activity for the Franchise project supported Responsible for the timely and accurate delivery of financial ledger close To support change initiatives, process improvements and in system implementations related to own processes and applications Track the project costs during its life cycle and report financials to respective stakeholders Responsible for ensuring monthly booking of financials and reporting on monthly, quarterly and yearly basis for Projects/ Initiatives across the organization Responsible for Budgeting/ Forecasting of Project financials and preparing packs for Group CFO and Project review committee Compliance to applicable SOX controls, operate within risk and control framework Create and monitor a system of controls, procedures, and forms for the recordation of Project financials Development of a proactive approach to customer engagement, establishing and sustaining effective service levels to support the division supported Drive, input and contribute to the resolution of complex issues impacting financial issues without the need to refer upwards Provide input and support process improvements using LEAN techniques, ensuring BAU and development activities are the focus of continuous improvements Proactively identifying, resolving and providing solutions to issues arising from financials produced for the division supported, using analytical and technical accounting skills Awareness of changes to business requirements ensuring any impacts to outputs is sufficiently assessed and appropriate changes are implemented within required timescales Understanding of RBS Group legal entity structure and ensuring correct legal entity usage at the time of preparation and review of journals and balance sheet substantiation Provide and support input into the end to end control and ownership of divisional and legal entity balance sheets for the division supported Support the delivery of a full substantiation and reconciliation of the balance sheet and profit and loss accounts within a controlled framework Skills you need Finance professional preferably 3-5 years post qualification experience (ACA/ACCA/CIMA/MBA qualified or equivalent) Experience of working in a financial control function - Reporting work stream desirable Experience of working and building strong business relationships in a changing environment Experience of working autonomously to prioritise own within a team environment Strong communication skills, with the ability to clearly and succinctly articulate issues to senior management Understanding and knowledge of the drivers of business performance Good problem-solving skills, with proven ability to apply finance knowledge and experience to a diverse range of financial issues Good knowledge about financial control and reporting processes and accounting Financial accounting knowledge with sound understanding of revenue, balance sheet, costs and headcount measures Working knowledge of the Groups structure and systems an advantage Understanding of Banking business and products an advantage Why RBS? RBS doesnt just provide you with an exciting work and a generous pay package. We take pride in ensuring your personal and professional development are first & foremost. You will have access to a range of development and learning programs, services and support designed to help you manage and balance your work/life priorities. Whether its retirement planning, supporting a charity close to your heart or taking care of your well-being, RBS makes sure you are taken care of. For more information on our benefits, please visit our website. At RBS, our purpose is to serve customers well. We serve around 24 million customers across the globe, and our aim is to consistently meet their needs wherever they find us. Our ambition is to become the UKs number-one bank for customer trust, service and advocacy by 2020. Our global workforce is integral to helping us achieve this goal. With colleagues across 5 main states, and connected across-the-globe by common values and a unified ambition, RBS India delivers vital bank functions that help us offer truly round-the-clock support to our UK customers, and 24/7 banking to our international customers. RBS welcomes applications from all sections of the community.