Background
HSBC is the world's leading Bank
Responsibilities
Purpose of Department:
The Financial Analyst for HSS Fund Services operating out of HSS CoE in Kolkata is responsible for developing and implementing management accounting practices for the CoE, within an appropriately controlled business environment. It occupies an important role in meeting expense goals, measurement and modeling of business performance of the CoE, ensure receivables are minimized, effective communication with all the stakeholders and contribute to various MI reporting for the CoE and analysis for HSS Fund Services. The Financial Analyst participates in the development and execution of HSS CoE strategy and ensures adherence to the principles of the HSS mission statement.
Job Description:
Principal Accountabilities
Key activities and decision making areas
Coordinate, establish and deliver short, medium and long term financial targets in conjunction with the HSS CoE Management. Create and maintain ROP for the locations
* To produce, evaluate and analyze monthly, quarterly and annual management reports, including client profitability, product profitability and other management information and statistical data.
* To take a key role, in conjunction with the HSS CoE Management for the preparation of management information enabling strategic and tactical decision making
* To provide input into the HSS Balanced Scorecard for finance, planning and strategy.
Facilitate standardization in invoicing and reduce receivables
* To work with HSS Business Partners, Global Resourcing, KL and Colombo CoE, to ensure an appropriate attribution of expense and recording of income, management of cost centers and HSS CoE financials.
* To ensure that invoicing related queries which will require coordination with Global Resourcing and Business Partners are resolved in a timely manner and thereby facilitate realisation of invoices within specified time limit.
* To monitor and develop recharging methodology to ensure most appropriate methods are always used which would be understandable and explained to the business areas
Manage and maintain the CoE budget.
* To maintain and prepare the HSS CoE budget in co-ordination with the HSS CoE locations and the HSS CoE Management
Contribute to the MI Reporting and Analysis for HSS Fund Services
* To work with the HSS Fund Services Global Finance & MI Team to assist with the collation and validation for completeness and accuracy of various financial and non-financial management information metrics. To regularly co-ordinate and follow up with HSS Fund Services global locations for specific information requirements. Examples of this include Headcount reporting, Assets under Administration (AUA) and Assets under Custody (AUC) and location TM1 submissions supporting monthly MI reporting and the regular Rolling Operating Plan (ROP) process.
To maintain and manage the Migration numbers along with Saves.
* By ensuring that reports are set up to track the migration of work into the CoE and the heads associated with the respective migration.
* Ensuring the headcount saves and other cost saving initiatives are captured regularly and regular monthly updates provided
Support movement of processes onto Transaction pricing.
o By implementing and supporting unit costing/ Transaction pricing roll out across the CoE’s.
Management of operational risk
* To continually re-assess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures, management restructures, and the impact of new technology in conjunction with the donor Group companies.
Compliance
* To implement the Group Compliance Policy by containing compliance risk in conjunction with the relevant Compliance Department. The term ‘compliance’ embraces all relevant laws, rules and codes with which the business has to comply within India and in relation to the countries migrating work to the GSC.
Skills/Experience Required:
Educational Experience
* Management accountancy experience or equivalent.
* Professional accounting qualification , CA / MBA Finance with relevant experience
Relevant Experience :
Has technical software skills for modeling financial performance including advance Excel skills
Establishes and maintains effective, constructive working relationships with staff at all levels across jurisdictions.
Possesses good planning skills across a 2-5 year time span.
Possesses effective communication skill.
Ability to maintain control, direction and motivation in an ever-changing environment
Ability to understand and implement Group risk management policies
Forecasting and budgeting experience
Activity Based / Unit Costing experience
Accounting skills exposure (e.g. knowledge of GAAP accounting; P&L accounting; budgeting).
Prior experience in strategic financial planning – financial modeling / 5 year plans / cost reduction exercises
Ability to undertake financial control including ensuring that invoices are correct and on time