01Overview
Accountant-Mid level
Job Description:
Specialist - Legal Entity Controllership (LEC) - IN
The role is responsible for month-end close accounting and management reporting and billing related activities.
Daily general ledger control checks, reference data maintenance, management information reporting & analysis, inter-entity reconciliation, GL balance substantiation & reconciliation. The associate will be part of Nuveen US billing team as well as corporate accounting team
Key Responsibilities and Duties
Corporate accounting month-end close: The associate will execute month-end and quarter-end close activities in line with internal guidelines and SOX controls. Responsibilities include preparation of journal entries, account reconciliations, intercompany transactions and settlements, variance analyses, and account substantiations. Reconcile intercompany and equity accounts and fix the breaks. Perform M-o-M variance analysis and document reasons for the variances.
Manage end-to-end billing operations for institutional investment advisory clients, ensure accurate revenue accounting, and support timely receivables management and regulatory reporting. Calculate and post the revenue accruals in the General Ledger. Investigate unreconciled billing data across multiple systems and collaborate with stakeholders to ensure billing accuracy and timely resolution of exceptions
Process billing for institutional clients' investment advisory services and perform fee calculations with client agreements and contractual terms. Analyzing agreements to identify the applicable fee basis-billing frequency and timing
Perform true-up analysis at the time of actual payment receipt by comparing actuals versus accrued amounts, investigating and explaining variances to ensure accuracy of revenue recognized
Record bank transactions for fee receipts and ensure all postings are completed prior to month-end close
Perform balance sheet reconciliations for receivable accounts, including ORMB-to-GL reconciliations
Monitor aging of outstanding fees and coordinate with Relationship Managers (RMs) and Client Service Associates (CSAs) for timely follow-up and collection
Prepare monthly and quarterly regulatory reports, including TIC-B and BEA-185.
Provide support for internal and external audits by furnishing relevant documentation, reconciliations, and explanations related to billing, accruals, and revenue recognition, ensuring timely and accurate responses to auditor queries.
The associate will regularly interact with Finance teams across India GBS and US locations, as well as external auditors. Strong communication, collaboration, and stakeholder management skills are critical to success in this role
The associate will be responsible for implementation of process improvements to enhance operational effectiveness, reduce risk, and apply critical thinking in evaluating processes, risks, and controls.
The other activities also include adhoc matter & addressing queries, ensure data quality before submissions, investigate, resolve and escalate issues on timely basis, both within finance as well as cross departments.
VDart: Digital Consulting & Staffing Solutions
VDart is a leading digital consulting and staffing company founded in 2007 and headquartered in Alpharetta, Georgia. VDart is one of the top staffing companies in USA & also provides technology solutions, supporting businesses in their digital transformation journey. Digital consulting services, Digital consulting agency
Core Services:
Digital consulting and transformation solutions Comprehensive staffing services (contract, temporary, permanent placements) Talent management and workforce solutions Technology implementation services Key Industries: VDart primarily serves industries such as automotive and mobility, banking and finance, healthcare and life sciences, and energy and utilities. VDart - Products, Competitors, Financials, Employees, Headquarters Locations
Notable Partnership: VDart Digital has been a consistently strong supplier for Toyota since 2017 Digital Transformation Consulting & Strategy Services | VDart Digital, demonstrating their capability in large-scale digital transformation projects.
With over 17 years of experience, VDart combines staffing expertise with technology solutions to help organizations modernize their operations and build skilled workforce capabilities across multiple sectors. .
