Senior Operational Accountant, Wells Fargo

Wells Fargo

Location:
India, Bengaluru

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

Wells Fargo is a Senior Operational Accountant. The role will involve operational accounting support, reconciliation responsibilities, and other duties associated with internal financial control and business processes.

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
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
Perform daily detailed reconciliation for a variety of Commercial Banking business products like Nostro/Vostro, Payments Services, Trade Finance, Foreign Exchange, CDF, CRE, Treasury
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 (Cash Substantiation)
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 to Commercial Banking Operations department internal customer timely manner
Work closely with Oversight, Technology and Production Support team to resolve the issues/breaks

Requirements:

4+ years of Operational Accounting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Strong experience in banking industry required
Bachelor's degree in commerce or 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
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)
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

Additional Information:

Job Posted:
April 28, 2025

Expiration:
May 01, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Senior Operational Accountant

Wells Fargo

Location:India, Bengaluru

Category:Finance

Contract Type:Employment contract