Assistant Vice President - Financial Accounting

HSBC Holdings; Gurugram District; On-site; INR 2,600,000 - 5,200,000; Full time

Job summary

HSBC Holdings in India invites an experienced professional to join as Assistant Vice President - Financial Accounting. The role manages complex accounting events, monthly/ quarterly IFRS/FINREP/GSIB reporting, regulatory returns, and audit support, with strong stakeholder engagement and process improvement focus.

You will lead end-to-end closing, drive automation initiatives, coordinate with regional finance teams for timely GL closure, ensure accuracy of Site Reporting, and maintain governance

Qualifications

• CA/CPA/ACCA/MBA with strong financial control and stakeholder management skills; IFRS norms preferred.
• 8–11 years post-qualification experience for CA; 9–11 years for MBA.
• Experience in month-end closure and Site Reporting is required.
• Knowledge of month-end closure & reporting in financial institutions will be preferred.
• Experience in BFSI controllership and knowledge of commercial/global banking products is desirable.
• Experience in managing mid-size teams in specialized functions.
• Experience delivering BAU and Transformation Projects.
• Experience with IFRS interpretation and implementation is beneficial.

Responsibilities

• Process Leader for one of the Financial Accounting work streams for multiple branches; end-to-end knowledge of closure per IFRS.
• Coordinate with regional finance teams for accounts preparation and timely GL closure.
• Establish and maintain a strong quality control framework for outputs and activities.
• Drive governance on exceptions and lead new projects/BAU, implementing automation/standardization.
• Collaborate with other departments for end-to-end service delivery and stakeholder satisfaction.
• Drive transformation, integration initiatives, and process improvements.
• Maintain service levels and manage in-country relationships with business areas.

Skills

Financial control

Stakeholder management

IFRS knowledge

Month-end closure

Site reporting

Change management

Process automation

BAU delivery

Education

CA/CPA/ACCA/MBA

Tools

HUB/Fusion

Job description

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Financial Accounting.

Purpose of the role

The role holder will be responsible for managing complex accounting events such as manual journals, which are key to the ledger close, provide robust accounting and business insight into Trial Balance analysis, Substantiation, Exception management, book closure and audit support. Managing monthly and quarterly IFRS/FINREP/GSIB/Regulatory and MI Reporting and manual returns for legal entity. Extensive involvement with all stakeholders and Engagement in process improvement and automation initiatives.

In this role, you will:

• Process Leader for one of the Financial Accounting work streams for multiple branches within HBCE SME in Financial Control & Accounting and have an end to end knowledge in closure of books per IFRS Extensive exposure in various aspects of Site Reporting (IFRS/FINREP/GSIB/Regulatory/ MI Reporting and Manual return) and have the ability to move to a hands-on approach.
• Experienced in analytical review. Coordinate with the regional finance teams for preparation of accounts, timely closure of GL, completion of Site Reporting.
• Operate within tight deadlines for production and reporting activities; at the same time not to compromise on accuracy, Establish and run a strong quality control framework for outputs and activities.
• Drive governance on exceptions. Seek input from various stakeholders, Lead new projects/assignments/process: Identify, Drive, Build & operate it as BAU and implement new technologies and drive process automation/ standardization.
• Connect with other departments for end-to-end and satisfactory service delivery. Ability to prioritize and plan work in an efficient manner.
• Drive Transformation and Integration Initiatives. Deliver process improvement / efficiency. Partner with change management to support continuing process re-engineering initiatives.
• Drive performance to agreed service levels and manage In-Country teams’ expectations in a timely and professional manner, Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism.
• Operational capability must be maintained all year round given the frequency of reporting periods (monthly plus additional requirements quarterly, half-yearly and annually). Manage / Support In-Country relationship effectively.

To be successful you will:

• CA/CPA/ACCA/MBA/ICWAI with strong Financial Control and Stakeholder Management skills and strong background of IFRS norms are preferred. Overall post qualification experience of not less than 8-10 years for CA, MBA: 9-11 yrs
• Prior experience in month end closure processes and Site Reporting is required
• Strong knowledge of month end closure & Reporting processes at Financial Institutions will be preferred
• Proven track record of role in controllership in BFSI sector and sound knowledge of financial products and businesses such as Commercial Banking and Global Banking etc.
• Experience in managing mid-size teams in specialized functions
• Working knowledge of HUB/Fusion etc. Understanding of Global markets, products, securities etc.
• Experience that demonstrates ability to deliver BAU and Change/ Transformation Projects
• Experience in policy interpretation and implementation (preferable). Experience of working with processes involving IFRS understanding

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role."

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