Financial Closing Control Officer
Financial Closing Control Officer
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Job Description
Team presentation and main goal:
As part of the Finance Direction you will integrate the Financial Data Integrity department which is in charge of the production and the justification of accounts for CIB activities of Natixis.
This department is bilocated (Porto and Paris).
You will join a team of 30 people in Porto.
As a Financial Closing Control Officer you will be in charge of the certification of financial statements i.e. produces analyses makes any corrections and validates the accounting results and exposures as part of the monthly and quarterly closings of the activities in one area of the CIB (Equity & Commodity Financing or Fixed Income activities) of a major French banking institution with international dimension.
Generic Responsibilities:
- Ensures the reliability of accounting P&L by carrying out an analytical review of the result for the financing scope reconciling accounting P&L with economic P&L for the operations market scope and making necessary manual adjustments of accounting data or requesting economic P&L adjustments.
- Reconciles accounting balances with inventories data (BO applications) and FO data (FO applications) and make manual adjustments of accounting data and/or inventories.
- Controls that the balance of all accounts under the FDI responsibility is justified on a quarterly basis.
- Contributes to quarterly closing controls to enhance data quality.
- Provides additional information related to manual entries including additional comments and explanations - Manual Entries Classification (Outstanding & P&L).
- Ensures the neutrality of internal operations (operations booked between two desks of Natixis) by performing manual adjustments of accounting data.
- Justifies alert controls including abnormal balances and consistency of monthly balances.
- Produces audit trails for specific notices to LoD1.2. and LoD 2 Produce supporting documents for the controls mentioned above.
- Compiles and sends financial syntheses to the external auditors and LoD2 for the Financing scope.
- Justifies the accounting standard discrepancies between French and IFRS GAAPs including making manual adjustments of accounting data.
- Ensures that the year-to-date balance of latent accounts matches only with the latest valuation of the operations (unrealized P&L).
- Ensures that the opening of a year matches with the closing of the previous year for the global market scope.
- Ensures that the opening of FX positions is justified by matching economic FX positions with accounting FX positions and ensuring hedged P&L impact fits economic expectations for the operations market scope.
- Ongoing work to improve all control processes and defect tracking.
- Collaborates with other departments (FO Market Risk BO Finance) to ensure seamless financial operations. Ex Book Transfer: Verify that the transferred operations have been carried out correctly from an accounting point of view.
- Controls/Tests the data following the implementation of a new software system and new accounting systems ensuring that all updates and modifications are accurately reflected and communicated within the organization.
Specific Responsibilities:
- Proposes and updates procedures and operating methods identifying improvement opportunities to enhance reporting accuracy completeness and timeliness.
- Identifies areas for process improvements and leads initiatives to implement changes that enhance operational efficiency.
- Creates training materials and conduct training sessions for junior controllers to enhance their skills and understanding of accounting processes.
- Shares knowledge provide technical guidance and offers constructive feedback to Juniors.
- Acts as a liaison between the accounting control team and other departments to ensure clear communication and understanding of financial matters.
- Leads the reconciliation of back-office inventories (Loan IQ FBTI SUMMIT TCI & BONDS SYSCO ECRIN) and explain discrepancies.
- Controls and justifies P&L per financing business line analyzing margins commission levels provisions (individual and IFRS 9) funding etc.
- Provides accounting and financial information to different areas of the business external auditors regulatory entities and tax inspections.
- Performs case-by-case analysis and responds to queries from internal and external stakeholders including Finance Risk Departments Audit and FPC.
- Participates in projects related to accounting and/or regulatory topics to adapt control processes.
- Stays informed about changes in accounting regulations and standards and ensure the team is updated and compliant.
- Certifies the Balance Sheet/Write-Off Balance Sheet per trade id for Global Market.
- Certifies the P&L per trade id for Global Market.
- Performs the quarterly controls tasks.
Qualifications :
- Bachelor Degree / Master Degree in Finance and/or Accounting.
- Knowledge of the banking system and financial products / financial instruments such as medium to long-term loans trade finance structured finance and global Markets Operations (Fixed Income ALM Treasury & Equity Market and commodities.
- Excel.
- Word.
- VBA.
- ACCESS.
- EasyMorph/SQL.
- Financing Operations: Work with areas Tools (Sysco LoanIQ FBTI ECRIN).
- Some expertise in Power BI also a plus.
- Fluent in English (mandatory) and French as a plus.
Soft Skills:
- Rigor.
- Analytical skills & Critical thinking.
- Autonomy.
- Availability.
- Team spirit.
Only CVs in English will be considered.
Additional Information :
At Natixis we are committed to fostering a working environment where each and every one of our people is treated with dignity and respect and where every voice is heard. Our differences make us collectively stronger and are a source of fulfilment innovation and performance.
In the framework of its Diversity Equity & Inclusion policy Natixis in Portugal has implemented a Blind CV Screening process with the purpose of reducing hiring bias. A blind CV excludes any personal details which refer to the applicants gender age or ethnicity. When applying for our positions please submit a blind CV that is with no picture name gender age nationality ethnicity and address. Your personal statement work experience courses and certifications education skills and contact information is what matters to us.
#MuchMoreThanJustAJob
Early morning. Campo 24 de Agosto. In 4 minutes you are clocking in at the office. Start your day having breakfast with the Team and grab fresh fruit on the way to your seat in one of Portos most typical neighborhoods. This Purple Day is going to be a busy one: daily meeting ensuring all team members are on the same page regarding work status priorities and blockers language class and just after a Talent Management meeting with your manager discussing your career path.
Lunch break. Today your Team is onboarding newcomers but also welcoming French colleagues: the perfect excuse to walk downtown and bond over a francesinha. When returning inhale nature and peace of mind in Natixis Urban Garden (look at the crops; ready to harvest!).
Back inside. Brainstorming session on a new exciting project in our disruptive and immersive Manaus Village. The afternoon went flying (tasks meetings some jokes with your teammates). End it on a high note: celebrating cultural diversity with a Diwali the Indian festival of lights.
Tomorrow you attend a conference led by influential speakers in your industry and the day after you will work from home benefitting from some focus time to complete that report and soft skills course on LinkedIn Learning. Once you are done with your work for the day strike the right note playing with Natixis band or be part of a board games session. If that is too steady for you meet your colleagues to catch some waves or sail the Douro river during golden hour.
Remote Work :
No
Employment Type
Full Time
