About Us:
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,100 locations in more than 50 markets. The Group has over 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.
MUFG Bank, Ltd. is Japans premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.
In Asia, MUFG has a presence across 20 markets Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.
It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivalled network across the region VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.
For more information, visit
MUFG Enterprise Solutions India Private Limited:
Established in 2020, MUFG Enterprise Solutions India Private Limited (MES India) is 100% subsidiary of MUFG Bank Ltd having offices in Bengaluru and Mumbai. MES India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC / AML, Credit, Operations etc. to MUFG Bank offices globally. MES India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia Pacific.
About the Role:
Position Title: Finance Controls and Reporting
Corporate Title: Manager / Senior Analyst, Finance – Reporting
Reporting to: Vice President, MGS
Job Code:
Location: MGS – Bengaluru
Job Profile:
Roles and Responsibilities:
- We are seeking a motivated individual to join the financial reporting team to support and contribute to the management and reporting of the Banks balance sheet and Profit and Loss accounts. This includes completion of financial statements ensuring to be at its most accurate, complete and timely. The ideal candidate will have a strong background in financial reporting and governance frameworks.
The job responsibilities include:
- Preparation of Technology suspense accounts. This includes liaising with account owners to ensure validity and accuracy of individual account transactions and timely capitalization of assets, monitoring cost spend against budget, accruing, calculating withholding tax and markups, invoicing and following up on cash remittance for projects carried out in on behalf of Americas offices.
- Production of daily reconciliation between Front and Back Office systems.
- Production of Daily Profit and Loss reports
- Investigation of reconciliation differences with respective areas of the bank and advising on root cause and corrective actions.
- Maintain Banks fixed assets and leased assets register and prepare all related Head Office reports. This includes review of applications for system development, advising on investment vs expense treatment and monitoring the fixed assets coding in Oracle.
- Preparation of Banks pension accounting journals and reporting.
- Monthly balance sheet controls regarding nostro accounts.
- Preparation of monthly closing journals, ledger adjustments, analysis and reconciliations. Analyse business reports to ensure accuracy in General Ledger including accruals processing to ensure reporting within the correct accounting period.
- Half yearly Variable Interest Entity reporting
- Preparation of Financial Accounting Reports in order to support the Bank in meeting its deadlines to its various stakeholders.
- Quarterly and semi-annual US GAAP reporting preparation and review ensuring complete, accurate and timely preparation and submission of reports and support regulator queries.
- Adhoc projects.
Job Requirements:
Skills and Experience:
- Good working knowledge of Microsoft Office (Proficient with Excel / VBA, Word and Access).
- Good exposure to accounting software packages.
- Good written and verbal skills.
- Excellent communication skills.
- Results driven, with a strong sense of accountability.
- A proactive, motivated approach.
- The ability to operate with urgency and prioritize work accordingly.
- Strong decision-making skills, the ability to demonstrate sound judgement.
- A structured and logical approach to work.
- Strong problem-solving skills.
- A creative and innovative approach to work.
- Excellent attention to detail and accuracy.
- A calm approach, with the ability to perform well in a pressurized environment.
Qualifications:
- Experience of working in financial closing and reporting teams or a big 4 accounting firm practice, preferably with a controls and governance focus.
- Bachelors / Master’s degree and relevant accounting qualifications. CA preferred.
Performance and Duties:
- The role holder will be assessed in accordance with their employing entitys performance framework and process with relevant input obtained from the dual hatting entity as relevant.
- As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.
- The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favor.
- The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUFG Securities.
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