Financial Management - Accounting Management Associate

Introduction :

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions.

Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview :

The incumbent will be responsible for day-to-day operation, including accounting, general ledger maintenance, financial reporting, audits and compliance.

Using independent knowledge and discretion, analyze and assist in developing and implementing accounting policies and procedures to ensure compliance with US GAAP and Head Office accounting policies.

Seek opportunities to enhance the existing process and help drive the implementation to assure that the process complies with US GAAP and HO accounting policies.

Collaborate with teams or departments to ensure proper implementation of accounting policies and procedures within the bank.

Responsibilities :

Accounting Operation and Management

• Perform the month end close process and ensure that journal entries and other adjustments are processed before the monthly closing deadlines with proper supporting documentation;
• Monitor periodic general ledger reconciliation process to ensure all reconciling items are timely and properly investigated and resolved;
• Assist in the process of implementation of any new system or changes related to the general ledge, and assess the effectiveness of such changes and recommend any changes as needed;;
• Report domestically or to HO and ensure the accuracy and timeliness of the information for financial reporting;

Analyze the accounting implications of non-routine transactions and apply accounting rules and literature and exercise judgment in subjective areas to reach appropriate conclusions and provide technical guidance and support to the business and operation departments.

Analyze and examine accounting records, identify potential areas of opportunity and risk, and provide solutions for businesses and operations.

Financial Reporting

• Prepare annual financial statements and footnotes in accordance with US GAAP and assess the completeness and accuracy of the information disclosed in the financials per US GAAP, and timely address any audit inquiry from external auditors during the financial statement audit;
• Analyze and perform flux analysis at the financial statement level and engage departments or management for potential risk or accounting error, and subsequently mitigate the error or potential risk;

Assist in managing the financial reporting and controls process in compliance with the internal control requirements.

Accounting Policies and Procedures

Develop and maintain accounting policies and procedures including adoption of new accounting standards, such as identifying and analyzing any applicable accounting pronouncements issued by Financial Accounting Standards Board (FASB) and any newly issued HO Accounting Manual or announcement that requires local adaptation, and consider / recommend changes to policies based on her review;

Analyze and document differences between U.S. GAAP and IFRS, and seek resolution to resolve the difference to ensure proper reporting for both local and HO purposes.

Other

• Assist in audit process with internal and external auditors to ensure compliance with accounting principles, regulations, and internal policies;
• Seek opportunities to enhance the existing process and assist in automation and digital transformation for accounting management function;

Collaborate with teams and departments to support business initiatives, drive process improvements and implement best practices, including but not limited to proactively leading the discussion with multiple departments to demonstrate the accounting requirements from both US GAAP and IFRS / HO perspectives, and utilizing her independent knowledge and discretion, make recommendations to, and assist in, resolving issues identified in a timely manner.

Qualifications :

B.A or B.S. degree in Accountancy or above is required

A minimum of 1 year of progressive experience in large public accounting firm or large corporate accounting or financial reporting function in the financial service industry especially banks required

Strong technical experience including in depth knowledge of US GAAP and financial reporting required

Strong analytical, problem-solving and organizational skills with the ability to multi-task is needed

Ability to quickly understand and integrate business objectives with accounting implication is required

Outstanding verbal and written communication, coupled with the capacity to adeptly convey complex financial information across various functions to a non-accounting audience required

Project management and partnering skills required

The willingness of getting into the details and be proactive, accountable, identifies and addresses issues, with a high level of accuracy

The ability to thrive and prioritize in a fast-paced environment is required

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $90,000.00 / Yr.