FC – Local Entity Reporting Analyst recruitment
Company Overview
Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
We provide large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across Barclays. We're one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, and wealth and investment management.
For further information about Barclays, please visit our website www.barclays.com.
It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.
Main Function
The primary function of the Legal Entity Control/Financial Reporting group is to ensure the integrity of the Financial Statements of Barclays Capital Inc (BCI) - the US Broker Dealer for Barclays Capital. This includes management of the monthly close of the general ledger and to ensure that all procedures/processes have been completed for timely and accurate reporting of the financial statements locally and to head office. Liaise daily/month end with PCG, Regulatory Reporting, and various operational groups to discuss substantive issues that affect Financial Statement reporting. Communicate Balance Sheet Control requirements for any new system replacement/enhancement or for the support of any new products and participate in all testing/conversion activities
Main Duties
- Responsible for the month end close, to include adjustments made to SAP to ensure the general ledger is correct for IFRS and US GAAP reporting.
- Liaise with Product Control Group, Operations, and Regulatory Reporting on a daily/month end basis
- Responsible for the month-end balance sheet account reconciliation and sign off in Account Ownership system.
- Responsible for analyzing and assisting with intercompany mismatches at month end
- Responsible for maintaining sub ledger mappings to SAP General Ledger.
- Communicate knowledge of product accounting to individuals in group in order for them to better understand the concepts of financial reporting.
- Complete special projects and other duties as assigned.
- Prepare quarter end and year end reporting schedules for the Financial Reporting group and Regulatory Reporting group.
- Liaise with auditors during their examination of the relevant business lines.
- Cross-training in the department to minimize risk to the organization.
- Escalate any issues to senior management that may have an adverse affect on the department's ability to accurately perform financial reporting.
Person Requirements
Basic Qualifications:
- Undergraduate degree in accounting, business or finance.
- 2+ years financial services experience in financial control
Preferred Qualifications:
- Fundamental financial product knowledge and background (preferably Derivatives reporting and Equity Funding business)
- CPA/CFA preferred but not required
- Solid technical and computer skills (GL, Excel, Business Objects)
- Numerate, able to work with spreadsheets and perform financial analysis
- Self-motivated and self-directed, and able to solve problems with a minimal amount of guidance