As part of the Finance Department, you will join the Financial Data Integrity sub-division as a Financial Closing Control Officer, working with the APAC market.
Generic Responsibilities
- Ensures the reliability of accounting P&L by carrying out an analytical review of the result for the financing scope, reconciling accounting P&L with economic P&L for the operations market scope, and making necessary manual adjustments of accounting data or requesting economic P&L adjustments.
- Reconciles accounting balances with inventories data (BO applications) and FO data (FO applications) and make manual adjustments of accounting data and/or inventories.
- Controls that the balance of all accounts under the FDI responsibility is justified on a quarterly basis.
- Contributes to quarterly closing controls to enhance data quality.
- Provides additional information related to manual entries, including additional comments and explanations - Manual Entries Classification (Outstanding & P&L).
- Ensures the neutrality of internal operations (operations booked between two desks of Natixis) by performing manual adjustments of accounting data.
- Justifies alert controls, including abnormal balances and consistency of monthly balances.
- Produces audit trails for specific notices to LoD1.2. and LoD 2 Produce supporting documents for the controls mentioned above.
- Compiles and sends financial syntheses to the external auditors and LoD2 for the Financing scope.
- Justifies the accounting standard discrepancies between French and IFRS GAAPs, including making manual adjustments of accounting data.
- Ensures that the year-to-date balance of latent accounts matches only with the latest valuation of the operations (unrealized P&L).
- Ensures that the opening of a year matches with the closing of the previous year for the global market scope.
- Ensures that the opening of FX positions is justified by matching economic FX positions with accounting FX positions and ensuring hedged P&L impact fits economic expectations for the operations market scope.
- Ongoing work to improve all control processes and defect tracking.
- Collaborates with other departments (FO, Market Risk, BO, Finance…) to ensure seamless financial operations. Ex Book Transfer: Verify that the transferred operations have been carried out correctly from an accounting point of view.
- Controls/Tests the data following the implementation of a new software system and new accounting systems, ensuring that all updates and modifications are accurately reflected and communicated within the organization.
Specific Responsibilities
- Proposes and updates procedures and operating methods, identifying improvement opportunities to enhance reporting accuracy, completeness, and timeliness.
- Identifies areas for process improvements and leads initiatives to implement changes that enhance operational efficiency.
- Creates training materials and conduct training sessions for junior controllers to enhance their skills and understanding of accounting processes.
- Shares knowledge, provide technical guidance, and offers constructive feedback to Juniors.
- Acts as a liaison between the accounting control team and other departments to ensure clear communication and understanding of financial matters.
- Leads the reconciliation of back-office inventories (Loan IQ, FBTI, SUMMIT TCI & BONDS, SYSCO, ECRIN) and explain discrepancies.
- Controls and justifies P&L per financing business line, analyzing margins, commission levels, provisions (individual and IFRS 9), funding, etc.
- Provides accounting and financial information to different areas of the business, external auditors, regulatory entities, and tax inspections.
- Performs case-by-case analysis and responds to queries from internal and external stakeholders, including Finance, Risk Departments, Audit, and FPC.
- Participates in projects related to accounting and/or regulatory topics to adapt control processes.
- Stays informed about changes in accounting regulations and standards and ensure the team is updated and compliant.
- Certifies the Balance Sheet/Write-Off Balance Sheet per trade id for Global Market.
- Certifies the P&L per trade id for Global Market.
- Performs the quarterly controls tasks.