Vacancy for a CA Fresher at Barclays

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  1. Rahul
    Rahul on Jan 19, 2015
    Job Description:
    Team Support Specialist – Reconciliations, Centre Of Excellence (COE)

    Primary Location :Uttar Pradesh-Noida

    Job Type: Permanent/Regular


    Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

    With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

    Reconciliation Centre of Excellence team manages the length and breadth of all types of financial, operational and interface reconciliations, card member remittance and exception processing, matching and unmatching of business transactions for multiple business areas.

    Financial Reconciliations are performed to validate & substantiate the balances appearing in balance sheet, thereby ensuring correct reporting of financials. Operational Reconciliations are performed to ensure transaction level control & data integrity between various financial systems and remittance control is done to avoid any financial exposure on daily, weekly and monthly basis.

    Reconciliations team is involved in preparing periodic General Ledger and Operational Reconciliation for various Barclays clusters. The key reconciliations are Interface reconciliation, Bank Reconciliation, Branch to HO Reconciliations and Fixed Asset reconciliation. We are also involved in investigation and resolution of inter company mismatches arising on Balance Sheet and Profit & Loss account lines to ensure all inter company transactions are eliminated and matching and un matching of daily business transactions.

    Your main role will be to deliver financial operations activities, manage and monitor the processes in place to comply with internal and external audit requirements. Also, you will need to ensure that General Ledger account controls are in place and adhered to, and that risks are evaluated, understood, and mitigated.

    As a Team Support Specialist – Reconciliations, your responsibilities will include:

    • Establishing and implementing the GL Controls Framework;
    • Providing appropriate mechanisms for ongoing reconciliation/Management Information activities;
    • Policing compliance with the daily/weekly/monthly continuous cycle
    • Managing compliance with Barclays Finance and GL Control Framework policies, principles and procedures.
    • Collate & Analyse financial data from various reports & System.
    • Analytical skills to make meaningful inferences.
    • Ensure financial control & Sarbanes Oxley (SOX) compliance
    • Conduct conference calls and mange Customer expectations
    You must meet the following eligibility criteria:
    • B. Com Graduate degree or >4 years of working experience in reconciliation background
    • Minimum 2 years’ experience for a graduate and 0-2 years’ experience for a Chartered Accountant (CA)/ Masters in Business Administration (MBA)/ Certified Public Accountant (CPA)
    • CA/ CPA/ MBA
    • Knowledge/ understanding of Quality tools i.e. Lean, Six sigma
    • Banking Business Process Outsourcing (BPO) exposure

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