Operational Accountant, Wells Fargo

Wells Fargo

Location:
India, Bengaluru

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking an Operational Accountant who will perform complex operational accounting activities, conduct detailed reconciliations, and provide support across various business products like Nostro/Vostro, Trade Finance, Foreign Exchange, and Treasury. Key tasks include ledger maintenance, regulatory reporting, issue resolution, audit support, and ensuring compliance with corporate accounting standards.

Job Responsibility:

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
Gather and review operational or financial data for regulatory reports
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
Prepare and review account reconciliations and certifications
Review operational accounting procedures, methods or systems
Identify and resolve complex or unique issues
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
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 and General Ledger
Ensure the daily market fluctuation of a foreign asset/cash accurately recorded within the corporate GL
Review currency exposure or foreign exchange risk and report valuation results on a regular basis
Investigate and escalate outstanding items as per accounting standard policy and OOB conditions
Month-end closing & reporting including journal vouchers
Monitor and validate daily/monthly reports received and loaded to the system
Assist with Books and Records month-end close for reconciliation
Assist with Audit and Operations inquiries
Follow up on inquiries submitted by various lines of business for resolution or escalation
Analyze multiple system source data and provide the EOD report to Commercial Banking Operations department timely
Work closely with Oversight, Technology and Production Support team to resolve the issues

Requirements:

2+ years of Operational Accounting experience
Bachelor's degree in commerce or master's in business administration with finance stream
Strong experience in banking industry required
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 can 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
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)
Proven Basic or intermediate Microsoft Excel, Word and Power Point skills
Proven Basic Excel VBA/Macro Skill

Additional Information:

Job Posted:
April 28, 2025

Expiration:
May 01, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Operational Accountant

Wells Fargo

Location:India, Bengaluru

Category:Finance

Contract Type:Not provided