Job Description

Job descriptionSome careers open more doors than others.If you\xe2\x80\x99re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.Role PurposeThe jobholder is expected to be a team leader of a group of professional chartered accountants and take responsibility of error free and timely financial reporting as per the group reporting guidelines under IFRS and various accounting standards. He/she is expected to be abreast with the constant changes to these standards/requirements.The VP financial reporting is a role within the financial reporting team of AMIN finance, which is responsible for preparation and initial review of various returns/reporting to be submitted to the group which includes the P&L and Balance Sheet of the Asset Management Company.Internal Controls - Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.Preparation and submission of the entire Group reporting \xe2\x80\x93 Assurenet / Cadency Reporting, SARACEN Reporting,Tracking, preparation and submission all the Quarter ending and Year ending Gather and group submissionsPreparation and providing detailed variance analysis (including commentary) for P/L, Balance Sheet, GSR (AUM), Ledger ScrutinyPreparation and submission of the FUSION reporting, Maintenance of Fixed Asset Register, GST reporting, Direct Tax reporting, reviews and reconciliation, Cash flow management, Treasury operations.Adherence to Group Compliance Policy.Awareness of the Operational Risk scenario associated with their role.Internal local reporting \xe2\x80\x93 preparation of monthly EXCO pack for AMIN top team, Branch P&L, Focus 75 monitoring model, Risk Map submission.Preparation and submitting monthly and adhoc requests from Local stakeholders, regional stakeholders, various reports to WPB business finance, INM Finance.Accounting, Analysis, Reconciliation, Reporting and coordinationExpense line wise analysis and commentary, provision analysis, prepaid expense analysis, Impairment testing and analysis,.Lease accounting and analysiscoordination with senior members from finance and business teams.Preparation of GST and Direct tax workingSupport in other tax related mattersPrincipal Accountabilities: Key activities and decision making areasImpact on the BusinessMonth-end closure of books for group reporting, review of group financials and returns and other reporting to the group.Decision support system:Review of Financial reporting and process efficiencies and regulatory compliance for Finance related aspectsCost Saving Initiatives/Revenue generation initiativesAnalysisGroup and BRCM auditsHandling annual Statutory AuditCustomers / StakeholdersBusiness partnering:Customer and stakeholders:Major ChallengesIn this role the job holder is primarily responsible to ensure that all group returns are submitted on time (including adhoc requests) and ensuring timely completion of statutory and other audits. The key challenges for the job holder is: To ensure correct and timely preparation of all group returns Closure of the books of accounts on a monthly basis. Timely closure of the year-end financial statements as per IND AS with the statutory auditors. Tax related compiances Review of the group submissions prepared by the off-shore team and ensure compliance with group requirementsThe jobholder should have good understanding of asset management business, proficiency in accounting standards under both Indian Accounting Standards and International Financial Reporting Standards. The person should be an excellent communicator, highly analytical, very diligent and demonstrate a very high standard of professional integrity under pressure.Role Context

• The role will be based out of HSBC Asset Management \xe2\x80\x93 Head Office at Nesco office, Mumbai
• The jobholder will support the development and compliance with the accounting treatment underlying the financial reporting locally and for Regional/Group reporting purposes. Strict adherence to evolving accounting standards is core to management of HSBC\xe2\x80\x99s accounting risk, an integral part of HSBC\xe2\x80\x99s reputational risk. Recent history has shown that poor accounting can lead to significant financial consequences for guilty corporations.

Requirements- 3-5 years of work experience in BFSI- 7-9 years of post qualified experience as a Chartered Accountant (this can be subsituted with more experience in relevant field, ie 6-10 years of experience)- Good knowledge on IFRS- Good knowledge on Indian Accounting Standards- Good communication and presentation skills- Strong analytical and excel skills- Good interpersonal skillsUseful LinkLink to Careers Site: ClickYou\xe2\x80\x99ll achieve more at HSBC.HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.Issued by HSBC Global Asset Management (India) Private Ltd

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