Treasury Accountant (Fin Rep & Analysis Analyst 2) - Nght Shift
Wells Fargo
Muntinlupa
1d ago

Market Job Description

About Enterprise Global Services

Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services.

EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.

Department Overview

The Capital Markets Accounting Operations Center of Excellence was established to bring the controller activities into one centralized team within the Controllers division that delivers expertise on anything and everything that touches the ledger.

This team focuses on reconciliations and controls on fixed income, securities, and derivatives for Traded Products. The group performs reconciliations of books and records across Well Fargo Securities supporting the corporate general ledger, stock record, depositories, custodial positions, and SEC / regulatory reporting.

About the Role

With respect to Resolution and Recovery Plan required inter-affiliate relationships the following tasks need to occur : lending rollovers, arm’s length transaction monitoring, liquidity monitoring, covenant compliance, credit underwriting, deal funding and legal agreements.

Responsibilities :

  • Money movement process for transactions with affiliates.
  • Ensure that payments due are released on or before the cutoff date & time and that there are corresponding valid supports for the request.
  • Recording of daily overnight placements (investments) of London and Dublin bank affiliates and new contracts, including settlement of interest payments and cash movements according to daily balance.
  • Report creation and generation of intercompany lending activity within bank and non-bank subsidiaries as scheduled.
  • Overall process of monitoring interest accruals and payments on a daily basis, post adjustments and reclassification in GL accordingly, it includes saving of ALA rate and sending of daily packet to Balance & Recon team, maintains the balances of call accounts under their pre-
  • approved limits and ensures that WallStreet and GL balances of ZBAs match and to enter the interest for AUD on GL.

  • Handle RRP Activities which includes generating report to come up with the data needed in the Maturity and Liquidity trigger analysis, and overall process from deal research to deal creation.
  • Ensure that WSS movements are reflected in WSS such as WSS balance matches both sides, interest for 0 balance transaction are realized, and transactions for multi-
  • currency account has been entered to WSS to reflect cash movement.

  • Monthly tasks to make sure that interest payments are completed and necessary journal entries are uploaded, fees are appropriately accounted and posted in the General Ledger, and accruals are reported and properly monitored.
  • Producing ad hoc queries and reports to assist in business analysis and project execution.
  • Participate in status meetings / calls, project planning and verbal and written updates.
  • Market Skills and Certifications

    Essential Qualifications :

  • Must have a Bachelor’s Degree in Finance or Accounting, CPA license is required
  • Knowledgeable in accounting for affiliates and accruals.
  • Excellent problem solving, analytical and technical skills with ability to apply critical judgment and come up with effective decisions.
  • Strong verbal and written communication skills and proficiency for detailed documentation with ability to validate work.
  • High proficiency with Microsoft Excel and ability to maximize use of formulas and functions to streamline reporting needs.
  • Ability to adapt to a fast paced environment and perform under pressure with a high motivation and able to meet stringent deadlines with strong sense of urgency and results and detail orientation.
  • Ability to plan, prioritize and execute a body of work with minimal supervision.
  • Exceptional research and exception handling skills.
  • Flexibility to work in night shifts, or weekends / holidays if deemed necessary by the business
  • Possess an impeccable reputation for integrity, accuracy, consistency and business acumen.
  • 1-2+ years of experience in Accounting preferably related to Affiliate Funding and Accruals, Trade Reconciliation and Validation and knowledgeable in US financial services and US Regulatory Reporting.
  • Relevant years of reporting experience, analytics experience, a combination of both or the month end general ledger close process.
  • Experience with Wallstreet Suite is a plus.
  • Candidates must be willing to work in night shifts (9 : 00PM to 6 : 00AM), or weekends / holidays if deemed necessary by the business
  • We Value Diversity

    At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law.

    We comply with all applicable laws in every jurisdiction in which we operate.

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