Senior Associate, Accounting at BNY

Chennai, tamil nadu, India -

Full Time

Start Date

Immediate

Expiry Date

23 Feb, 26

Salary

0.0

Posted On

25 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

General Accounting, Financial Data Integrity, Variance Analysis, Journal Entries, Accruals, Reconciliations, Intercompany Transactions, Process Improvement, Automation, SOX Compliance, USGAAP, Financial Audits, Expense Analysis, Cost Allocation, Client Handling, Problem Solving

Industry

Financial Services

Description

Senior Associate, Accounting At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We're seeking a future team member for the role of Senior Associate to join our Middle East and Rep Office accounting team. This role is located in Chennai. In this role, you'll make an impact in the following ways: Manage the complete close process for legal entity books, including journal entries, accruals, and reconciliations. Ensure all management units within the entity are closed and balance-free before finalization. Maintain compliance with the General Ledger Operating Standards Policy and chart of accounts. Support audits and respond to inquiries related to legal entity financials. Partner with onshore and offshore teams to ensure completeness and accuracy of financial data. Provide timely updates to senior management and line of business on close status and key issues. Review detailed expense analysis to identify variances, trends, and provide the citation for the MoM and YoY variance. Responsible for monitoring month-end close activities and variance analysis, as well as general ledger balance sheet account reconciliations. Review all journal entries for accuracy, completeness, and compliance with accounting standards and Ensure proper documentation and approvals are in place before posting. Month-end closing of books of accounts, working on various sub-ledgers, accounting knowledge, and balance sheet reconciliation and reporting activities are essential. Excellent knowledge and expertise in month-end close, accruals , prepaids, variance analysis, FX Calculations and lease accounting are required. The primary responsibilities require knowledge and experience in preparing and reviewing journal entries, substantiating supporting documentation, managing intercompany affiliate transactions, and performing general ledger balance sheet account reconciliations The role will require making decisions and escalating issues to local or onshore management as appropriate. Excellent knowledge and expertise in reviewing intercompany recharge and cost allocation during month end close. Strong knowledge and expertise in review of journal entries including substantiation of supporting documentation, usage of affiliates for IC transactions and general ledger balance sheet account reconciliations (High Complexity) Proactively work with the onshore teams and support the team for timely clearance, resolution of reconciliation variance & aged outstanding items. The incumbent will need to act and develop themselves by proactively identifying unique business scenarios throughout all aspects of the process cycle, thinking differently, formulating, and implementing process improvements to drive speed and simplicity, gaining credibility, and partnering across a diverse array of cross-functional teams. They may deliver analytical support for activities including audits, response to ad hoc requests, and various assigned special projects They should demonstrate the best practices gained from earlier experience and deploy them in the current process, focusing on process improvement and the elimination of manual efforts. A contribution towards automation and process improvement is highly required, as is supporting team members by assisting with accounting concepts and identifying potential manual areas to work towards automating. Ensure financial data integrity by maintaining completeness, accuracy, timeliness, and accessibility; uphold effective controls compliant with SOX, USGAAP and relevant accounting standards. Apply policies and standards from Global Process Owners and Technical Accounting COE; properly use the BNYM Standard Chart of Accounts and maintain consistent data definitions. Lead and coordinate ad hoc/special projects as needed; actively participate in demand and service management processes. To be successful in this role, we're seeking the following: 12 + Year experience in Record to Report (R2R - General Accounting) Qualification - M.Com / MBA/CWA-Inter/ CA-Inter with 10+ or more years of post-qualification Or CA, CPA or CWA, with 6 + or more years of post-qualification experience Strong problem-solving skills Demonstrated expertise in finance and accounting, with substantial experience managing complex global accounting operations across various business lines. Candidates should have experience in client handling, preferably with overseas clients A confident and calm demeanor with the ability to perform under pressure Preferably, candidates should have experience in Banking, Financial Services and Insurance (BFSI), Investment Management, and Investment Services At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom BNY LinkedIn Here's a few of our recent awards: America's Most Innovative Companies, Fortune, 2025 World's Most Admired Companies, Fortune 2025 “Most Just Companies”, Just Capital and CNBC, 2025 Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

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Responsibilities

Manage the complete close process for legal entity books, including journal entries, accruals, and reconciliations. Ensure compliance with accounting standards and support audits while partnering with onshore and offshore teams for accurate financial data.