Accounting Control Job Description

Accounting Control Job Description

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Accounting control provides investment expertise on various conventional (i.e., bonds/fixed income, equities, bank loans, etc.) and non-conventional investment types (i.e., Alternatives, Mortgage Loans, Derivatives) building proficiency as client needs evolve.

Accounting Control Duties & Responsibilities

To write an effective accounting control job description, begin by listing detailed duties, responsibilities and expectations. We have included accounting control job description templates that you can modify and use.

Sample responsibilities for this position include:

Accountable for all operational aspects of enterprise wide Cash Flow hedge accounting under IFRS which covers over 500 hedging relationships with $75 Billion of derivative notional values and multiple business units (CT, TS ).This includes daily hedging activities such as linking derivatives with cash flow pools, funding or securities, creation of inception documentation, preparation and processing of entries
Organization of month-end/quarter-end deliverables
IFRS knowledge (Preferable)
Provide insightful analysis and solid presentation of monthly results to both financial and non-financial colleagues
Responsible for the reconciliation of all inventory-related balance sheet accounts including but not limited to GRIR, intercompany, provisions
Provide P&L decomposition for hedge ineffectiveness and timely management reporting / escalation of matters to segment / business unit finance related to Cash Flow hedges and Fair Value FX Hedges
Responsible for running models and interpreting their results
Preparation of various daily P&L and position reports hedge linkage summaries for Front Office
Reporting to various areas throughout the firm
Hedging contract administration

Accounting Control Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Accounting Control

List any licenses or certifications required by the position: CECRL, B2, MRP, NDA, TDS, GST, CIA, CPA

Education for Accounting Control

Typically a job would require a certain level of education.

Employers hiring for the accounting control job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Business/Administration, MBA, Economics, Education, Graduate, Professional Accountancy, Science

Skills for Accounting Control

Desired skills for accounting control include:

Client specific requirements
Client structures
Deliverables
Internal systems
Operations
Various types of portfolios
Financial Systems
Fixed Income and Derivatives
Functions like: V-lookup
IFRS

Desired experience for accounting control includes:

Excellent accounting & business application skills (e.g., SAP, Microsoft Excel)
Good communication in Vietnamese, English and influencing skills
Ability to understand complex accounting issues as it applies to accounting controls
Ability to deal with deadlines during peak periods
Post-secondary degree majoring in finance or accounting
4+ years experience in a finance and/or accounting role

Accounting Control Examples

1

Accounting Control Job Description

Job Description Example
Our company is looking to fill the role of accounting control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for accounting control
  • Inception document creation
  • Effectiveness testing
  • Ensuing the Hedge Accounting Standing Order compliance for each trade
  • Maintaining and Updating Accounting & Operational Guidance (AOG) and Hedge Accounting Procedural Manual
  • Support the account payable team by validation of invoices
  • Ensuring that all monthly accrual expenses are accurate and on time
  • Challenge the information received by organizing regular meetings with business partners and track all issues
  • Booking of accrual expenses in the local general ledger by cost center
  • Ensure a regular review of cost centers used for the various accrual expenses booked
  • In charge of preparing accurate reconciliation for allocated accounts for the balance sheet reconciliation process
Qualifications for accounting control
  • Process improvement, automation and streamlining process and controls
  • Ability to work independently under cross-functional team environment
  • Minimum 10 years of experience within Financial Services Industry
  • Comprehensive knowledge of the products / instruments utilized by major Financial Institutions in the management of their client and propriety risk profile
  • Management skills sufficient to lead/motivate a diverse team faced with significant organizational and procedural change and increasing service expectations
  • Expert understanding of financial controls and financial processes within the Financial Services Industry
2

Accounting Control Job Description

Job Description Example
Our innovative and growing company is hiring for an accounting control. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for accounting control
  • Provides support to the Group in the context of complex transactions (M&A) or other operations (leases, evolution of pension schemes, complex contracts)
  • Maintain narratives and policies as per changes to organizational structure and accounting operations
  • Pays invoices by verifying transaction information
  • Manage the Accounting Control team with the goal of ensuring complete and accurate recording of transactions in the general ledger and DDA accounts of the company and preparation of related reconciliations and continuity analysis
  • Assist in managing external audit and preparation of annual financial statements
  • Act as an advisor for any eGL account / transit queries and assist with internal and external audits Integrity of balance sheet and income statement
  • Collaborate with Regional Controllers to prepare a consolidated schedule of Litigation, E & O and Other Provisions for Trust and monitor the movement closely
  • Support Enterprise Management Reporting team in annual test/computation of CGU and VIE
  • Responsible for Finance review of the STIF Financial Statements
  • Provide coaching, mentoring and training to staff goals ,focus and clarity in establishing individual goals, driving performance and accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities
Qualifications for accounting control
  • Four year degree required, with 4+ years’ experience
  • Retail Inventory Control Experience preferred
  • Ability to multitask on several processes occurring simultaneously
  • Knowledge of PC systems (Outlook, Word, Excel is required)
  • Island Pacific and/or RMS experience preferred
  • Prepare Accounting Schemes for System Enhancements French, IAS and US GAAP
3

Accounting Control Job Description

Job Description Example
Our company is searching for experienced candidates for the position of accounting control. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for accounting control
  • Assist in System implementations
  • Test and sign off on updates and enhancements
  • Actively support overall department objectives
  • Identify system / control deficiencies and propose solution to improve the accounting control environment
  • Ensure that the Accounting Control Repository Database is updated with the changes in accounts, controls and ownership
  • Based on the Accounting Control Repository Database, generate and release the Account owner sign-off and first level control certification packages
  • Monitor account and 1st level control sign-off and escalate problems identified
  • Contribute to the preparation of the “Entity Control Reports” that provides Chief Financial Officers with an overview of accounting control outcome on a monthly basis
  • Monitor Accounting Control outcomes through key performance and key risk indicators
  • Prepare ad hoc control memo upon request when an issue is identified
Qualifications for accounting control
  • Participate to Finance Projects linked to Accounting Controls
  • Banking (mandatory)
  • Knowledge of MS Access and data extraction
  • Systems knowledge and PC skills
  • Calm, measured and inquisitive approach
  • Problem solver with keen analytical skills and a “can do” attitude
4

Accounting Control Job Description

Job Description Example
Our innovative and growing company is looking for an accounting control. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for accounting control
  • Ensure team development
  • Review and audit inventory-related processes in department continuous improvement events
  • Be a trusted advisor to the Group CFO, other senior LH leaders and the Audit Committee on all financial accounting and financial reporting matters for the global organization
  • Functions as the enterprise subject matter expert and principal point of interpretation on all matters resulting from dealings with external accountants and auditors
  • Oversight of the financial integrity and transparency of accounting in the regions
  • Ensure the development, implementation and enforcement of streamlined Group-wide accounting/reporting processes and tools in alignment with the BSC
  • Lead the overall group consolidation and reporting processes in accordance with accounting standards, including actual and forecast/budget closings
  • Responsible for the production of high quality regulatory and internal reports including Group Management Reports (GMR), forecast and budget/midterm plan to support the profitable development of the Group
  • Set global standards and accounting principles including policies and accounting manual
  • Own, define and maintain internal control standards and implementation thereof
Qualifications for accounting control
  • Ability to work with complex Excel spreadsheets
  • Strong communication and analytical skills are necessary to consult with partners/clients throughout the organization regulators and auditors
  • 2-4 years of experience in an accounting-oriented role dealing with investment companies (real estate / private equity funds) and/or related investment products
  • Knowledge of US GAAP for investment companies and fair value principles
  • Balance a sharp focus on details with an awareness of the bigger picture
  • Minimum of 3 years' experience in Accounting/Auditing
5

Accounting Control Job Description

Job Description Example
Our growing company is hiring for an accounting control. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for accounting control
  • Secure statutory compliance and reporting throughout the organization through transparency on local requirements, status, issues
  • Create the pre-requisites for the development of sufficient highly motivated and adequately skilled financial managers for the Group
  • Responsible for Sarbanes-Oxley (SOX)/Internal Controls for Financial Reporting (ICFR) processes, including documentation, review and testing of internal controls
  • Evaluate generally accepted accounting principles (GAAP) and regulatory compliance for SOX/ICFR and provide recommendations on accounting policies, internal control effectiveness and process improvements
  • Work with process owners to advise/implement improvements to ensure compliance and continuously improve the Company’s ICFR
  • Communicate internal control impacts, issues, and strategic direction to fiduciary team
  • Continuously enhance the external reporting and SOX processes to monitor progress, efficiently document, review and maintain supporting documentation
  • Lead annual financial reporting risk assessment for financial statements and disclosures
  • Research and formally document technical accounting positions and other financial assertions
  • Monitor development/changes in accounting and financial reporting, provide US GAAP interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner
Qualifications for accounting control
  • Excellent analytical skills to vet complicated hedging strategies
  • Ability to meet tight deadlines while maintaining high levels of accuracy
  • Goal-oriented – must be able to work independently and organize tasks to pursue objectives
  • Assist in regular month end process and intercompany accounting
  • Support reporting and analysis
  • Preparation of Balance Sheet Accounts reconciliations on Assure Net and ensure timely clearance of open items

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