Assistant Manager

Job description

Assistant Manager Gurugram, India;Mumbai, India **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Assistant-Manager_26025951) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Assistant-Manager_26025951) Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Assistant-Manager_26025951) **Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-ba_continuum/job/GURUGRAM-HARYANA/Assistant-Manager_26025951) **Job Description:** **About Us** At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! **Global Business Services** Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services. **Process Overview**\* Global Financial Control India is part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include General Accounting \& Reconciliations, Legal Entity Controllership, Management Reporting \& Analysis, Finance Systems Support, Operational Risk and Controls, Regulatory Reporting and Strategic initiatives. **Job Description**\* US / EMEA / APAC Legal Entity and Specialty Product controllership team is involved in accounting, month end close, local regulatory reporting and US fed \& SEC reporting support. The individual will be part of a team responsible for the US GAAP legal entity control activities including regulatory and external reporting, management of financial close, accounting, driving change and operational excellence initiatives. **Responsibilities**\* Responsible for legal entity financial control, includes but not limited to: * Accountable for various day to day responsibilities of the Finance function including accounting processes and reporting, month-end close, analysis and settlement of intercompany balances, resolution of intercompany breaks, regulatory reporting, management reporting, variance analysis, local GAAP reporting, close period tech \& other issue management, close calls and tracking open items, sending close updates to stakeholders. * Support monthly US GAAP financial close and BAC subsidiary governance processes * Prepare US GAAP and Local GAAP (IFRS) general ledger entries * Analyze and understand accounting, reporting, and financial control impacts arising from Corporate Treasury, Mortgage, and Consumer Vehicle Lending (Auto) products. * Partner with Treasury, Product Finance, and Line of Business teams to investigate product-specific balance sheet, P\&L, and regulatory reporting issues * Review product lifecycle events, accounting treatments, and reconciliations to ensure accurate financial and regulatory reporting * Analyze monthly financial results and prepare internal management reports * Prepare data submissions for regulatory reporting groups for US GAAP consolidation * Assist with the preparation of stand-alone external reports * Analyze and understand legal entity general ledger balances. Get deeper understanding of key drivers of P\&L and balance sheet to identify and correct anomalies * Prepare monthly board packs \& other governance materials relating to financial reporting * Understand and manage FX process maps and governance around hedging * Support for legal entity forecasting * Support process walkthroughs and internal and external audit liaison * Ensure monitoring and resolution of intercompany breaks and balance sheet substantiation * Identify and escalate control issues, errors and efficiency opportunities * Support