Verified Job
Accounting - Finance
AVP Intercompany & Trust Accounting (Hyderabad)
Accounting - Finance
#49225
Remote / WFH
Important Group
Job Description
Job Description:
Role Title: AVP Intercompany & Trust Accounting (L10)
Company Overview: Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.
- We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW. We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.
- We offer Flexibility and Choice for all employees and provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.
- We provide career advancement and upskilling opportunities, focusing on Advancing Diverse Talent to take up leadership roles.
Organizational Overview:
- Controllership organization within Finance COE responsible to monitor day-to-day accounting activities involved in Synchrony business. Controllership mostly covers General accounting, Client accounting, Reconciliations, Closing & Reporting, System maintenance, Governance related sub-processes. Every process contributes to quarterly & annual financial close process and ensure that we have accurate external reporting.
Role Summary/Purpose:
The AVP, Controllership - Trust and Intercompany Accounting role will be a key member of the General Accounting Controllership team, responsible for accounting activities related to intercompany transactions, participation, securitization trusts, and other Controllership-related processes. These activities include various period-end close tasks, recording/reviewing manual journal entries, and balancing and reconciling general ledger accounts. This role will be responsible for understanding all owned processes and will serve as the detailed reviewer of related work and deliverables. Additionally, this role will assist with various cross-functional and multi-stakeholder projects within General Accounting, and will periodically support the Accounting Retail Deposits team. The role will gain experience in accounting, financial-close management, financial reporting, project management, and leadership.
Key Responsibilities:
- Serve as a securitization trust, participation and Intercompany Accounting subject-matter expert, and liaise between Controllership and other stakeholders.
- Prepare and/or review, and understand fair value accounting entries for intercompany transfers of assets.
- Prepare monthly validation of participation active cost centers, including tie-out of gains related to intercompany transfers of assets.
- Evaluate new cost centers for addition to participation agreement
- Oversee intercompany settlement of new volume and collections to ensure intercompany accounts are in balance.
- Prepare quarterly reporting to support SEC and regulatory reports.
- Understand monthly general ledger account reconciliations, including tracking, researching and resolving reconciling items.
- Support the Retail deposits accounting team as needed.
- Manage Controllership team members in projects and work related to securitization, participation, intercompany, and other areas as assigned.
- Drive continuous process improvement and simplification.
- Perform other duties and/or special projects as assigned.
Required Skills/Knowledge:
- Master’s degree in Accounting or Finance and minimum 4 years accounting experience in Banking or Financial Services industry, or in lieu of a degree minimum 6 years of experience in the Banking or Financial Services industry.
- Excellent analytical and problem-solving skills
- Personal Computer proficiency (software: MS Office preferred)
- Excellent organizational and follow-up skills
- Excellent communication skills – both oral and written
Role Title: AVP Intercompany & Trust Accounting (L10)
Company Overview: Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.
- We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW. We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.
- We offer Flexibility and Choice for all employees and provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.
- We provide career advancement and upskilling opportunities, focusing on Advancing Diverse Talent to take up leadership roles.
Organizational Overview:
- Controllership organization within Finance COE responsible to monitor day-to-day accounting activities involved in Synchrony business. Controllership mostly covers General accounting, Client accounting, Reconciliations, Closing & Reporting, System maintenance, Governance related sub-processes. Every process contributes to quarterly & annual financial close process and ensure that we have accurate external reporting.
Role Summary/Purpose:
The AVP, Controllership - Trust and Intercompany Accounting role will be a key member of the General Accounting Controllership team, responsible for accounting activities related to intercompany transactions, participation, securitization trusts, and other Controllership-related processes. These activities include various period-end close tasks, recording/reviewing manual journal entries, and balancing and reconciling general ledger accounts. This role will be responsible for understanding all owned processes and will serve as the detailed reviewer of related work and deliverables. Additionally, this role will assist with various cross-functional and multi-stakeholder projects within General Accounting, and will periodically support the Accounting Retail Deposits team. The role will gain experience in accounting, financial-close management, financial reporting, project management, and leadership.
Key Responsibilities:
- Serve as a securitization trust, participation and Intercompany Accounting subject-matter expert, and liaise between Controllership and other stakeholders.
- Prepare and/or review, and understand fair value accounting entries for intercompany transfers of assets.
- Prepare monthly validation of participation active cost centers, including tie-out of gains related to intercompany transfers of assets.
- Evaluate new cost centers for addition to participation agreement
- Oversee intercompany settlement of new volume and collections to ensure intercompany accounts are in balance.
- Prepare quarterly reporting to support SEC and regulatory reports.
- Understand monthly general ledger account reconciliations, including tracking, researching and resolving reconciling items.
- Support the Retail deposits accounting team as needed.
- Manage Controllership team members in projects and work related to securitization, participation, intercompany, and other areas as assigned.
- Drive continuous process improvement and simplification.
- Perform other duties and/or special projects as assigned.
Required Skills/Knowledge:
- Master’s degree in Accounting or Finance and minimum 4 years accounting experience in Banking or Financial Services industry, or in lieu of a degree minimum 6 years of experience in the Banking or Financial Services industry.
- Excellent analytical and problem-solving skills
- Personal Computer proficiency (software: MS Office preferred)
- Excellent organizational and follow-up skills
- Excellent communication skills – both oral and written
