Finance - Apprentice

FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company’s over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients’ greatest ambitions.

Job Description:

Value Proposition (A maximum of 2 Unique value prepositions that would make this role exciting)
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Focus on Impact & Visibility: "This role provide a broad exposure to the finance functions across accounting, reporting and controls/compliance. You will get opportunity to work in complex areas like Treasury, Regulatory Reporting and complex accounting."
Job Details
Role Type: Hybrid
Job Location: Bangalore
About the Team: First Citizens India finance team is a dedicated community of professionals who partner with the business to support the critical finance functions across the entire CFO area. We are responsible for the Accounting, Procurement, Reporting, Regulatory Compliance & Analytics functions
Impact (Job Summary/Why this Role Matters) You will be supporting the finance and accounting operations. You will get exposure into a wide range of activities such as accounting, financial reporting, reconciliations, Regulatory and Control Testing. You will be the subject matter expert for our treasury and warrant accounting operations.
Key Deliverables (Duties and Responsibilities)
General Ledger Processing
• Prepare and post GL monthly journal entries with detailed supporting documentation to provide a clear audit trail within agreed timelines
• Coordinate with accounts receivable and multiple business teams for validation of revenue accrual and deferral, and other journals from banking products. Prepare workings to calculate and post journal entries for them to ensure revenue recognition as per relevant accounting standards
• Loan and treasury accounting: Interest accruals, loan and debt amortization, true-ups, accounting pertaining to equity, stock, bond purchases
Internal
• Warrant accounting: Entering new warrants information, valuation and volatility set-up and analysis, pricing update and reporting, income reporting, IPO tracking, gain-loss analysis
• Run preliminary trial balance and trending reports and perform variance analysis to identify any anomalies in accordance with policy and guidelines at SVB
• Ensure accuracy and completeness of documents processed
• Interact with other teams for open items/ issues arising out of book closure activities Reconciliations
• Reconcile balance sheet accounts for assigned accounts and generate reconciliation/ certification report
• Ensure reconciliations of sub ledgers in accordance with procedure and month end close calendar.
• Escalate variances to business for resolution and facilitate resolution of variances
• Process authorized adjustments and/or write-offs received and authorized through the journal entry template Financial & Regulatory Reporting
• Creation of Close packet: Extract financial reports, management reports, trial balance and financial statements post-period close completion
• Review prior period’s financial reporting process and data for a month-on-month data and commentary comparison and identify changes that need to be made to the reporting process
• Update financial reporting with supplemental financial information received from business
• Validate quality of reports via data validation, trend analysis, variance analysis, etc., and escalate any identified information requiring business attention and / or resolution
• Production of regulatory reports for US Federal Reserve, FDIC submissions
• Respond to queries on reports and facilitate production of additional reporting information to business stakeholders and auditors
• Supports ad-hoc analysis and reporting Financial Modelling
• Draft and maintain documents related to the modelling methodology and governance
• Support the maintenance and re-calibrations of Models
• Support the data collation and analysis for the modelling Internal control and accounting compliance
• Maintain documents relating to accounting compliance (SOX) and internal controls
• Ensure compliance with accounting policy

Functional Skills:
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Team Player: Support peers and department management.
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Problem Solving: Handle escalated issues, create and manage threat detection rules, and perform root cause analysis.
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Communication: Excellent verbal, written, and interpersonal communication skills.
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Attention to Detail: Ensure accuracy and thoroughness in all tasks.
Technical Skills:
• Excellent written and spoken communications skills
• Strong analytical skills
• Efficient and well organized, able to work under tight deadlines
• Outstanding attention to detail, accuracy, and ability to multitask
• Comfortable working in standard shift timings of 1 pm to 10 pm IST
• Ability to be flexible with job duties, scope of work, and shift timings (especially during period-end close)
• Being innovative and suggesting process improvements and simplification ideas
• Proven capability to work independently without hand holding and exercising sound judgment & initiative
• Updated on and has strong understanding of latest US GAAP and regional GAAP requirements Education and certifications:
• Bachelor’s degree in finance or accounting
• Good knowledge of Microsoft Office (Word, Excel, PowerPoint and Outlook)

Equal Employment Opportunity

FC Global Services India LLP (First Citizens India) is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy ensures fairness throughout the employee life cycle.