01Overview
About this role:
Wells Fargo is seeking a Senior Financial Accountant In this role, you will:
Act as lead Consultant for financial accounting related matters for lines of business and other control functions
Provide technical expertise regarding accounting issues, regulatory information and research
Provide technical assistance on major transactions and product development
Provide data for preparing and reviewing financial and regulatory reports
Communicate practices and procedures for proper financial control
Articulate the impact of policy changes to management within business group or enterprise
Perform ongoing financial control functions in accordance with the company's internal controls policies
Apply extensive specialized knowledge and act as internal consultant
Lead implementation of complex projects and initiatives impacting one or more lines of business
Identify compliance and risk management requirements for supported area and may support implementation of key risk initiatives
Communicate and provide consultation regularly with more experienced stakeholders throughout the enterprise
Required Qualifications:
4 years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications:
CPA/CA or Bachelors/MBA in Finance, Accounting, or Business
Understanding of accounting concepts
Reconciliation experience must with analytical and judgement in resolving issues
People management responsibilities
Experience supporting securities operations in a controls or reconciliation environment a plus.
Experience and proficiency with automated recon tools.
Advanced MS Excel skills, i.e. macros, pivot tables, Vlookups, etc.
Ability to work independently on assigned accounts, but work collectively as a team to meet the needs that arise from day to day workflow.
Strong and effective communication and problem solving skills
Job Expectations:
Responsible to ensure seamless delivery of reconciliation and reporting activities related to WFS/FX Operations and Securities Operations & Accounting internal accounts and positions.
Ensure Daily reconciliations are performed for: detail accounts (such as cash & suspense) at a transaction level, reconciliation of subsystem to GL accounts at a balance level, reconciliation of custodial/collateral positions, in addition to other back office system controls
Identification of breaks within reconciliations.
Ensuring proper assignment of breaks and working with those parties to ensure resolution.
Review of peer reconciliations as needed.
Assistance with monthly reporting of aging schedules and aged breaks.
Effectively communicate with multiple business partners, including upstream data providers, accounting/operations colleagues, and/or downstream customers of the recons.
Properly escalate issues identified as potential risks.
Provide process improvement ideas and solutions to reduce non value-added work, and further auto manually intensive processes
Expectations:
Strong exposure towards systems & reconciliation tools - Intellimatch, Snapshot, TLM along with techno functional skills in automation tools - Alteryx, Power BI etc.
Manages function or has broad organizational influences and/or control/risk accountability
Demonstrates professionalism and subject matter expertise in technical knowledge in their field, routinely displays and employs high level of knowledge of broader function/ business to solve problems
Continuously monitors the functions, identifies the areas that can be simplified/ improved/ automated with adequate internal controls.
Cross training across geography within the function to ensure team has end to end knowledge on the process and to address key man risk/ BCP.
Maintain and observe the performance of your team related to individual, team, organizational, and company-wide goals.
Ensure Governance around the responsible functions:
Review the key performance indicators (KPIs) for the processes/ functions.
adequacy of process documentation and .
