Accounting Close Group Close Financial Consolidation - Associate

In scope of Position based promotions (INTERNAL only)

Job Title: Accounting Close – Group Close – Financial Consolidation - Associate

Location: Manila

Corporate Title: Associate

The Accounting Close team ensures all transactions are correctly accounted for and provides a golden source financial information data set upon which all internal and external reporting is based. You will be primarily responsible for timely and accurate delivery of all financial and/or regulatory reports including financial statements, additional disclosure and statistical requirements, inter-unit clearing and other reports in accordance with IFRS and HGB for submission and consolidation to Head Office in Germany; as well as in accordance with applicable GAAP for local regulatory reporting requirements of respective location of the assigned Branch and/or Structured/Non-Structured entities. Our team of experts will be there to support your development to ensure you excel in this role.

Group Consolidation function provides support in the financial close process by performing and reviewing central adjustments including elimination and netting entries. The function also performs QA and plausibility checks on the amounts and data of all HGB inventory forms and in-scope IFRS inventory forms submitted by legal entities, as well as performing control checks on IUC and other high-risk accounts. This function also requires liaising with various internal stakeholders for issue resolutions & process improvements as well as facing off with internal and external auditors.

What we will offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

Competitive Salary

Attractive Retirement Benefit

Medical and Life Insurance upon employment

20 days Annual Vacation Leaves

Your key responsibilities

Control Environment - Execute control framework to ensure SLAs are met

Perform Quality Assurance; Ensure outputs are accurate, complete consistent and produced on time - in line with the SLA

Review revisions in process documents to retain the integrity of the control environment

Create, update and review KCP and QA checklist to ensure RTB tasks are performed in accordance to their CTQ’s, and deliver expected results

Ensure proper load balance; monitor OT levels and escalate any capacity issues to the Team Lead which includes resource allocation for "back-up" requirements, service resilience and BCP (consider capacity, capability management and risk)

Build resiliency, ensuring cross-training and back-ups are in place

As a process expert, navigate through various process issues and facilitate internal training and knowledge transfer. Assist the TL in identifying the team's training needs, leveraging the Learning & Development program of the bank.

Timely escalation to Team Lead of potential market, process and reputational risk

Utilize and analyze operational metrics for decision-making.

Exception Management – Perform exception management tasks

Be the first point of contact (POC) or first level of escalation for issues.

Track and monitor issues; understand root cause of problem & put in place remedial measures to ensure nonrecurrence of these issues.

Ensure that all escalations (from stakeholders or within the team), at the minimum, are escalated to the Team Lead, and closed in a timely manner.

Connectivity – Manage the stakeholders and ensure client focus

Support a positive working relationship with key stakeholders

Consistently maintain a high level of customer service with focus on improvement and innovation

Participate in Engagement /Business Review calls with key stakeholders.

Change – Drive, coordinate and ensure delivery of change initiatives

Provide Process Expertise and give inputs on process in collaboration with Team Lead and business partners

Identify the areas of process improvements and remediation

Support the Team Lead for Change Implementation from RTB standpoint which includes but not limited to FTE impact and/or resource requirements of any change initiative

Drive change projects within immediate sphere of control

Your skills and experience

Bachelor’s degree in Accountancy or its Business equivalent degree, while further professional qualification or study e.g. CPA, CFA, CMA will be an advantage

Experience in quality assurance for accounting, finance or audit gained from the Financial Services and Audit industry

Combined analytical and problem solving skills

A team player who is collaborative yet able to work independently

Possess excellent written and verbal communication skills, cultural awareness and a change mindset

Skilled in MS Office applications and experience in automation and programming languages such as Visual Basic for Applications and Visual Basic will be an advantage

How we’ll support you

Training and development to help you excel in your career

Coaching and support from experts in your team

A culture of continuous learning to aid progression

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

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