Accounting Close Associate

Position Overview Job Level - AssociateLocation - Pune Shift Timing - EMEA Role Description Accounting close team is responsible for ensuring Legal Entity financials are reported in Group Consolidation System. Team ensures the completeness of data flow from general ledger to group system, for this various control and exception managements functions are carried out. Team also does various standard accounting entries to ensure correct Legal Entity numbers are reported. The Associate will be responsible for Month end accounting process. The primary function of the role is processing of standard and non-standard accounting adjustments on the ledger, participate in LEC control initiatives, including General Ledger Reconciliation and Substantiation and LEC metrics and ensure accurate, timely and quality delivery of services provided within a risk free controlled environment, to ensure Deutsche Bank’s overall client satisfaction. What we’ll offer you As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,Best in class leave policy.Gender neutral parental leaves100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationEmployee Assistance Program for you and your family membersComprehensive Hospitalization Insurance for you and your dependentsAccident and Term life InsuranceComplementary Health screening for 35 yrs. and aboveResponsibilities and TasksGeneral Ledger Reconciliation and Substantiation and LEC metricsAccounting and supporting reporting for Frankfurt (Germany) Entities via involved in banking as well as non-banking activities.Understand the business event and convert the same into accounting treatment for reporting purpose for both IFRS as well German GAAPGenerating MIS Packs and financial statement which include trend analysis and commentaries.Exception management including reconciliation and break resolutionLiaise with the customer/LVC teams and ensure that information is received as per requirement with adequate approvals and standards laid downIndependent in managing BAU tasks and also functionally managing other team members in terms of training & review processes in order to build a high performing teamEnsure completion/adherence of activity as per standard procedure/key operating procedure.Ensure quality/quantity of processing is maintained as per the SLADrive process changes in the team to be more efficient and ensuring we still operate in a controlled mannerEscalate all issues in time, to the appropriate level, to avoid any adverse impact on the businessTo understand and manage the control environment around the upstream to downstream reporting systems. Develop the understanding of FFT Ledger data flow logics and control frameworkTo ensure all the controls are being follow and all exceptions/validations are cleared to ensure accurate month end reportingParticipate in UAT and represent from Accounting Close team for various projects as raised by CTB from time-to-time and provide user inputsEnsure team work culture is practicedEnsure proper back-ups created and assist other teams during contingencies (Staff shortage, high volumes etc)Ensure process documentation (SOP/KOP) are always up to date per current practices.Experience/ Exposure5+ years of professional experience (preferably in Finance teams of banks, investment banks or professional accounting / audit firms or in a similar capacity in a BPO / KPO center).Should have handled preparation of reconciliation activities including end to end flow for pending / aged items and resolutionShould have knowledge of ERP/S4 Hana Architecture (Preferably SAP)Should have knowledge of Reference Data maintenance (Static Data Maintenance)Working knowledge of IFRS is preferable.Education/ CertificationGraduate or Post-Graduate in Commerce with 7-8 Years of experience ORCA with 5-6 years of experience.Soft Skills Communication Ability to communicate effectively (oral & written)Focused on providing timely and quality output Analytical abilities Displays a high degree of control awarenessHas a natural intellectual curiosityAttention to detailStrong analytical / business problem-solving skills Time management skills About us and our teams Please visit our company website for further information: https://www.db.com/company/company.html Well organized & able to clearly present results of work Ability to work under pressure and to deadlines Ability to manage own time Drive and Motivation Passion for change and confidence in own abilities Be comfortable & willing to drive process improvement Diligent, thorough, shows initiative and is proactive Personal Qualities: Proactive, attention to detail / quality of work, able to cope with pressure and deal effectively with demanding clients. Ability to challenge status quo. How we’ll support youTraining and development to help you excel in your career.Coaching and support from experts in your team.A culture of continuous learning to aid progression.A range of flexible benefits that you can tailor to suit your needs.We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.We welcome applications from all people and promote a positive, fair and inclusive work environment.