Business Finance - Accounting Controller - Associate

  • Deutsche Bank
  • Manila, Philippines
  • Jul 18, 2017
Full time Accounting Finance

Job Description

Deutsche Knowledge Services (DKS) operates as a shared service center for Finance, Global Business Services and IT. A wholly owned subsidiary* of the Deutsche Bank Group, operating out of the Phillipinnes, DKS provides accounting, reporting, profit and loss, cost, reconciliation, MIS, risk control, information technology and operations services (including confirmations and settlements) to internal businesses worldwide.
 

Position Overview

 

Role Description

 

The Accounting Control Associate core responsibility is to ensure the completeness and accuracy of the General Ledger for the transactions/products within their remit and provide full balance sheet substantiation for the accounts (product specific) where they are the primary owners.  

  • Reconcile and close the month-end General Ledger (SAP) for the accounts (Balance Sheet and Profit & Loss) relating to the business and entities within SLA
  • Investigate and resolve FOBO breaks for products handled
  • Coordinate with Operations, Risk and P&L and Financial reporting team to ensure completeness and accuracy of ledger, which may include resolving illogical balances, variance/fluctuation analysis, and understanding underlying transactions
  • Improve processes and link this to the upstream/downstream processes and outputs.
  • Work and coordinate with the Risk and P&L teams in making sure that MAFA (Management Accounts/Financial Accounts) reconciliation is clean and aged breaks have clear ownership and defined escalation process.
  • Post accounting journals to ensure proper treatment of financial products in accordance with International and German GAAP and approval documents
  • Perform Balance Sheet substantiation, and related Financial Statement disclosures
  • Assist in providing audit requirements which includes process walkthrough, preparation of reports and schedules
  • Implement standardization and improvements to methodologies and deliverables
  • Perform/check journal posting into the general ledger, ensuring an understanding for the basis thereof
  • Perform/check reconciliations between front office and back office systems and/or management accounts and financial accounts; conduct investigation of breaks and perform necessary steps for resolution/clearance.
  • Support the provision of inputs into the capture of daily KRI's/MIS relating to process and comments on breaches/exception items
  • Interact with Risk and P&L, Operations and Group Finance teams in various locations to ensure aged breaks are cleared on a timely basis and/or journals are fully substantiated
  • Complete relevant technical and systems training within the period provided to ensure core skill set is built up
  • Ensure Key Operating Procedures are updated for relevance and effectiveness on a timely basis
  • Initiate and implement continuous improvement initiatives and improvement of key controls
  • Escalate issues, control breaches and matters affecting processes owned and timeliness and accuracy of key deliverables. 

 

Requirements

  • Relevant experience in Product Control or related space
  • Good cultural awareness and able to manage stakeholders across locations
  • Excellent communication skills, fluent in English (written/verbal)
  • Excellent team worker, able to work in virtual global teams and in a matrix organization
  • Open minded, able to share information, transfer knowledge and expertise to team members
  • Flexibility regarding problem solving
  • Keeps pace with technical innovation and market driven initiatives and maintains a broad understanding of the Product Control offering

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.