Some careers have more impact than others.
If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions. We are currently seeking an experienced professional to join our team in the role of Vice President, Financial Accounting, BSRS
Location- Chennai
Role Overview
The Balance Sheet reconciliation and substantiation process (BSRS) is a key foundation of the Finance control setting. It is undertaken to ensure accuracy and completeness of the ledger balances of each entity. There are a policy and guidance setting out the standards which must be adhered to.
When balances are unable to be substantiated or reconciled, an exception is required to be raised as part of the Account Reconciliation Control Certificate (“ARCC”)
process, setting out the issue and the actions to close it. Exceptions are raised showing both the gross (absolute) and net unreconciled balances. Different thresholds for exceptions exist at country, regional and Group level. Any accounts which are unsigned or have no owner assigned are also reported as part of this process. Exceptions breaching the Group threshold are reviewed in a formal Group review meeting each month and Management Self-Identified Issues are raised for each. Similar review sessions take place at regional and country level and ARCCs are signed off by the relevant entity and regional (Chief Finance Officer) CFOs. The latest Group exceptions are also reported on a quarterly basis to the Group Audit Committee.
In this role, you will:
- Confirm the revised TOM (Target Operating Model) is fully embedded and operating as designed, including review of reconciliation and substant
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