Business Analyst - Operational Accounting Schema and Chart of Accounts
- Recruiter
- BNP Paribas.
- Location
- Mumbai, Maharashtra, India
- Salary
- Competitive salary
- Posted
- 19 Oct 2020
- Closes
- 21 Oct 2020
- Ref
- BNP019384
- Job role
- Business analyst, CFO
About BNP Paribas Group:
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Businessline/Function :
CoA OAS Team is a part of FSS Transformation Office under Finance Shared Services
Job Title:
Senior Business Analyst (Assistant Manager)
Date:
2020
Department:
Finance Shared Services (FSS)
Location:
Mumbai
Business Line / Function:
FSS Transformation Office
Reports to:
(Direct)
Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
N/A
Directorship / Registration:
NA
Position Purpose
The Analyst supports the application of the accounting policy in North America Region (NAR) Finance General Ledger (LAP) to meet financial and regulatory requirements.
Responsibilities
OAS / CoA Responsibilities
• Application of the accounting policy in North America Region (NAR) Finance General Ledger Chart of Accounts. This includes the definition of Operational Accounting Schemas throughout product lifecycle for new products, businesses, source systems and/or new accounting standards and validation of accounting in our General Ledger.
• Standardize accounting schemas within NAR Finance and coordinate alignment of the General Ledger's accounting schemas across common products with London/Group.
• Establish a governance process for maintenance of the Operational Accounting Schemas, effectively monitor changes to existing schemas and update and maintain the Operational Accounting Schema library accordingly.
• Remediate inconsistencies in the General Ledger across accounts, products, legal entities and source systems.
• Analyze and document business requirements for modifications to the Chart of Accounts and propose solutions based on the published data model standard.
Business Analyst Responsibilities
• Elicit, analyze, and document user requirements and business processes.
• Develop functional specification requirements for IT development.
• Define, test and execute the migration strategy.
• Define and implement the framework of first level controls.
• Manage issues and escalate effectively.
• Ensure on-time quality delivery of projects assigned.
• Liaise with cross-functional teams (business groups, IT and PMO organizations) in New York, New Jersey, Montreal, Mumbai, London and Paris.
Mandatory:
• Detail-oriented approach with problem solving mindset and ability to work independently.
• Ability to effectively challenge and apply professional skepticism with the goal of providing strategic solutions.
• Excellent written and oral communication skills, with the ability to explain complex issues clearly and concisely to audiences of varying technical or accounting levels.
Preferred:
• Ability to work effectively in geographically dispersed cross-functional teams.
Specific Qualifications (if required)
• Qualified CA / CMA / CPA / ACCA / MBA (Finance)
• 3 to 5 years of work experience in the field of accounting and / or accounting systems (I.e. upstream to general ledger) and implementation in the financial services industry
Technical knowledge and Skills
• Comfortable with basic office tools (MS Word, Outlook)
• Excellent knowledge and use of MS Excel
Domain Skills
Mandatory:
• Strong technical accounting background in the financial services industry.
• Experience working with accounting of complex financial products (Ex: Derivatives, Forex, Fixed Income, Equities, Trade Finance etc.) with deep understanding of product lifecycles and associated accounting events.
Preferred:
• Experience in Business Analysis (Accounting) and Application Testing (General Ledger) in financial services industry.
• Knowledge and experience in drafting Operational Accounting Schema for financial products.
• Knowledge in Chart of Accounts.
• Knowledge of accounting standards - IFRS and US GAAP are both of interest.
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Organizational skills
Communication
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Collaboration
Education Level:
Master Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
Primary Location: IN-MH-Mumbai Job Type: Standard / Permanent Job: INFORMATION TECHNOLOGY Education Level: Master Degree or equivalent (> 4 years) Experience Level: At least 3 years Schedule: Full-time Reference: BNP019384
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Businessline/Function :
CoA OAS Team is a part of FSS Transformation Office under Finance Shared Services
Job Title:
Senior Business Analyst (Assistant Manager)
Date:
2020
Department:
Finance Shared Services (FSS)
Location:
Mumbai
Business Line / Function:
FSS Transformation Office
Reports to:
(Direct)
Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
N/A
Directorship / Registration:
NA
Position Purpose
The Analyst supports the application of the accounting policy in North America Region (NAR) Finance General Ledger (LAP) to meet financial and regulatory requirements.
Responsibilities
OAS / CoA Responsibilities
• Application of the accounting policy in North America Region (NAR) Finance General Ledger Chart of Accounts. This includes the definition of Operational Accounting Schemas throughout product lifecycle for new products, businesses, source systems and/or new accounting standards and validation of accounting in our General Ledger.
• Standardize accounting schemas within NAR Finance and coordinate alignment of the General Ledger's accounting schemas across common products with London/Group.
• Establish a governance process for maintenance of the Operational Accounting Schemas, effectively monitor changes to existing schemas and update and maintain the Operational Accounting Schema library accordingly.
• Remediate inconsistencies in the General Ledger across accounts, products, legal entities and source systems.
• Analyze and document business requirements for modifications to the Chart of Accounts and propose solutions based on the published data model standard.
Business Analyst Responsibilities
• Elicit, analyze, and document user requirements and business processes.
• Develop functional specification requirements for IT development.
• Define, test and execute the migration strategy.
• Define and implement the framework of first level controls.
• Manage issues and escalate effectively.
• Ensure on-time quality delivery of projects assigned.
• Liaise with cross-functional teams (business groups, IT and PMO organizations) in New York, New Jersey, Montreal, Mumbai, London and Paris.
Mandatory:
• Detail-oriented approach with problem solving mindset and ability to work independently.
• Ability to effectively challenge and apply professional skepticism with the goal of providing strategic solutions.
• Excellent written and oral communication skills, with the ability to explain complex issues clearly and concisely to audiences of varying technical or accounting levels.
Preferred:
• Ability to work effectively in geographically dispersed cross-functional teams.
Specific Qualifications (if required)
• Qualified CA / CMA / CPA / ACCA / MBA (Finance)
• 3 to 5 years of work experience in the field of accounting and / or accounting systems (I.e. upstream to general ledger) and implementation in the financial services industry
Technical knowledge and Skills
• Comfortable with basic office tools (MS Word, Outlook)
• Excellent knowledge and use of MS Excel
Domain Skills
Mandatory:
• Strong technical accounting background in the financial services industry.
• Experience working with accounting of complex financial products (Ex: Derivatives, Forex, Fixed Income, Equities, Trade Finance etc.) with deep understanding of product lifecycles and associated accounting events.
Preferred:
• Experience in Business Analysis (Accounting) and Application Testing (General Ledger) in financial services industry.
• Knowledge and experience in drafting Operational Accounting Schema for financial products.
• Knowledge in Chart of Accounts.
• Knowledge of accounting standards - IFRS and US GAAP are both of interest.
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Organizational skills
Communication
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Collaboration
Education Level:
Master Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
- Qualified CA / CMA / CPA / ACCA / MBA (Finance)
- 3 to 5 years of work experience in the field of accounting and / or accounting systems (I.e. upstream to general ledger) and implementation in the financial services industry
Primary Location: IN-MH-Mumbai Job Type: Standard / Permanent Job: INFORMATION TECHNOLOGY Education Level: Master Degree or equivalent (> 4 years) Experience Level: At least 3 years Schedule: Full-time Reference: BNP019384