Financial Control Job Description
Financial Control Duties & Responsibilities
To write an effective financial control job description, begin by listing detailed duties, responsibilities and expectations. We have included financial control job description templates that you can modify and use.
Sample responsibilities for this position include:
Financial Control Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Control
List any licenses or certifications required by the position: CAMS, CPA, CA, CMA, CFA, MBA, MUST, CIA, CFE, FRM
Education for Financial Control
Typically a job would require a certain level of education.
Employers hiring for the financial control job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Business/Administration, Economics, Management, Education, MBA, Accountancy, Business/Economics
Skills for Financial Control
Desired skills for financial control include:
Desired experience for financial control includes:
Financial Control Examples
Financial Control Job Description
- Responsible for ensuring the results for Capital Markets lending businesses are correctly reported and proactively responds to accounting issues and develops solutions or processes to mitigate risks
- Perform walkthrough-like meetings with process and control owners
- Prepare narrative, flowchart and risk-control matrix documentation for significant processes including appropriate consideration of key reports, end-user computing, and review controls
- Perform individual deficiency analysis and aggregation analysis, as required
- Develop presentations for Management on relevant topics
- Significant contributor in GRC application automation and configuration
- Assist in the investigation of all financial and regulatory reporting matters in areas related to Capital Markets & Corporate Treasury activities
- Oversee all aspects of the annual SOX compliance program activities
- Present KPIs and indicators of annual SOX compliance health to the Controls Committee and Disclosure Committee on a quarterly basis
- Research, identify and implement technology enablement for SOX compliance program
- To manage Financial Control responsibilities for the bank held assets including mortgages, loans, investment securities and goodwill, with the objective of delivering timely, accurate and reliable financial information
- Knowledge and application of US GAAP
- Minimum of 3-5 years experience required in manufacturing of automotive tooling & dies, with inner skin panels such as floor, roof, door, fender and other automotive body panels
- Degree in a finance related field, CMA/CA/CPA/CFA designation preferred
- Responsible for leading a team to deliver the required Finance outputs
- Possess minimum four years' experience in financial institutions or CPA firms preferably with focus on FI audit
Financial Control Job Description
- Execute company wide global inter-company settlements in functional currency and manage intercompany reconciliations by investigating the variances
- Facilitate in the implementation of a new system updates based on the functionality of the new general ledger accounts, new node, bank code, and new entity in line with overall strategy regarding financial platforms
- Analyze and review Transfer Pricing entries in accordance with policy set up by the committee and work with global partners to resolve any issues that distort the results
- Manage reconciliations on cumulative translation adjustment, bank overdraft allocation and
- Perform quarterly SOX Governance control on AP Accrual and unrecorded liabilities
- Interacts with both internal and external auditors to resolve concerns and provide documentation
- Look after accounts payable processes and resolve issues in a pro-active way
- Process invoices and ensure payments are made with appropriate authorization
- Process Travel & Expense Claims for compliance with T&E Policy
- Handling weekly payment run and monitor ageing of items
- Operational Risk Management and KPIs
- General Ledger controls and governance
- Knowledge of system interface and suspense account control
- Information Management degree holder an advantage
- Strong financial and analytical skills and able to prioritize tasks and meet with multiple deliverables within a tight timeline
- Experience with banking regulations, specifically the FFIEC101, HCR/RCR and FR Y-14 regulatory reports
Financial Control Job Description
- Ensure compliance with internal controls are in place in terms of authorization, cost allocation, accuracy and documents in line with the Bank’s policy
- Timely issue of intra-group invoices for cost reimbursements and follow up settlements between the entities
- Liaise with external vendors and internal parties
- AP month end processing
- Prepare month end net asset valuation packages and investor statements
- Prepare necessary regulatory filings
- Prepare year-end financial statements and work with external auditors to ensure accuracy of annual reports
- Understand funds’ activities on a monthly basis by interacting with clients and Hedge Fund Services teams
- Work with technology resources to improves processes that will increase scalability
- Participate in the month-end analytic package and present to client’s global controller and financial control staff
- Strong knowledge on financial control framework and implementation for banks
- Self motivated, independent and able to handle multi-tasks to meet tight timelines
- Demonstrated experience in preparation and/or evaluation of Sarbanes-Oxley Act compliant programs including scoping, risk assessment, key control identification and process documentation, walkthroughs and testing, deficiency analysis
- Experience with Information Technology General Controls (ITGCs) and automated / IT dependent controls
- Demonstrated project management experience with leadership in organizing, planning and executing compliance procedures from vision through implementation across multiple internal reporting and organizational lines
- Demonstrated experience in business process re-engineering or process improvement involving financial controls
Financial Control Job Description
- Co-ordinate with Financial reporting teams to ensure efficient financial reporting to HO (under IFRS)
- Establish adequate audit trails for all reporting tasks within the section
- Ensure proactive responses on HO reporting section matters and queries from HO
- Ensuring implementation of New Reporting Requirements from Head Office
- Manage and supervise team members
- Run daily suspense by utilizing the company's internal suspense system TRECS, Control database, Lawson, AWD and eTreasury and investigate and resolve any suspense variances and preparation of journal entries (if necessary)
- Provide timely responses to Business unit queries on related work
- Participate in special projects as required and providing ad hoc analysis and reports
- Coordinate / Lead Monthly, quarterly and annual closings ensuring our financial statements reflect are accurate and correct for those legal entities
- Internal control, audit and related activities
- Be a self-starter with the desire to work in a high-profile position, have the ability to perform work that requires critical thinking and attention to detail, and possess strong analytical, verbal and written communication skills
- Control / maintain regulatory reports to regulatory bodies (FSA, BOJ, MOF, ..)
- Exposure to Corporate financial reporting
- Be a self-starter with the desire to seek to improve existing processes and controls, have the ability to perform work that requires critical thinking and attention to detail, and possess strong analytical, verbal and written communication skills
- Prefer investment management, financial services or hedge fund experience
- Maintain client information and fee structures in our billing system
Financial Control Job Description
- Monthly monitoring and detailed analysis of costs and trends, including expense management, accruals follow-up, capital expenditure (CAPEX) tracking, and contract management
- Monthly Activity based costing (ABC) allocation of IT infrastructure costs to internal clients
- Prepare and report on Global Technology Services Department’s costs, headcount trends, and performance relative to planned deliverables
- Provide business partnering support to other functions of the business such as IT, HR, Procurement
- Leadership and development of a team of c 25 part qualified and qualified accountants
- Deputise for the Head of Financial Control & Reporting where necessary
- Process Travel & Expense Claims for compliance with relevant T&E Policies
- Maintenance of Finance fixed asset register
- Assist in reconciliation with IT asset register and annual stock take records
- P&L records, including accruals
- Organising payment processing
- Regulatory lodgements
- Reviewing reconciliation
- Willingness to take ownership of issues and ensure completion
- Team player who will work collaboratively toward achieving business-wide goals
- Trading book maintenance between systems