R2R B&R GPO - Financial Solutions Senior Lead Analyst - Senior Vice President

Our client operates in the Financial sector, with its headquarters rooted strongly in the United States. It has its branches spread to more than 160 countries, providing employment to more than 200k people all over the world. They fall in the Top 15 largest Banks in the United States. Its core business is to provide various Banking and Financial services to its clients. It is known to have one of the biggest balance sheet banks in the world (among others) aiding it to offer 360-degree financial services to its clients.

Role Description:

• Centralizing and standardizing accounting into global accounting hubs and sub-ledgers 
• Implementing a standard sub ledger and general ledger for the firm
• Replacing current Operating and Reporting ledgers, including those embedded in bank-in-a-box platforms such as Flexcube
• Automating and streamlining accounting and ledger processes and controls
• Addressing source data quality issues impacting ledgers in partnership with enterprise-wide data priorities
• Aligning contractual and instrument level balances and positions with financial balances

Responsibilities:

• Owning the definition and execution of FB&R Close and Substantiation strategy and related workstreams including operating model, process, and controls
• Work with existing FB&R platforms, Close and Substantiation teams to identify key use cases and user stories for integration into defining the Strategic Close & Substantiation for the Oracle platform and advise on the roadmap to decommission legacy platforms, capabilities, and processes.
• Partner with the Finance Data Initiative to coordinate alignment of FB&R and Data transformation priorities
• Partner with General Ledger workstream to coordinate alignment of Ledger and Chart of Account design, and enablement of reconciliations and Close & Substantiation processes
• Partner with Accounting workstream to coordinate alignment of Sub-Ledger Design Strategy, and enablement of reconciliations and Close & Substantiation processes
• Formulating and setting strategic direction for the process, organization, and architecture for Close & Substantiation
• Working with Financial Control, Product Control, Valuation Control, Tax and operational stakeholders to identify further transformation opportunities related to closing and substantiating our legal entities and group consolidation.
• Participate in strategic ledger governance and lead workstream deliverables
• Manage workstream intra- and inter-dependencies across stakeholder groups including System Integrators
• Manage workstream level metrics and business cases including risk reduction and efficiency measures
• Lead workstream communications, prepare and present FB&R updates to senior management forums
• Partner and coordinate across build, testing, training, and deployment activities of Close and Substantiation and provide inputs to defining the future state service delivery and sustainment model

Areas of Responsibility:

• Identify, develop and implement new finance processes and drive harmonization with Oracle Cloud.
• Support the process to ensure that current and future business requirements are comprehensively mapped.
• Ensure that any proposed solutions fit for the needs of the finance function in terms of quality, functionality and overall integrity.
• Provide consultancy on clear expectations and acceptance criteria of the system, processes and solutions.

Requirements:

• A high-profile role within Finance transformation with a global scope, ideal candidates would have an in-depth knowledge of financial close, balance sheet substantiation and reporting processes gained through extensive experience in a senior Controller, Finance Transformation or Technology role at or a similar institution. 
• The role holder will be expected to provide both strategic and operational thought leadership over the FB&R transformation with the ability to lead and influence a wide number of stakeholders, virtual and matrix teams at SVP (Senior Vice President) level.
• The ideal candidate will be highly motivated, team oriented, and a proactive problem solver. 
• They will possess strong communication and interpersonal skills with the ability to synthesize and communicate complex information in a clear, concise manner to various levels of stakeholders including both end users and senior/executive leadership. 
• They must feel comfortable navigating complex and ever-changing environments with the ability to educate and persuade senior stakeholders. 
• They will possess the ability to drive change throughout a large, global organization.
• 15+ years of relevant work experience with global corporations and financial services experience gained in Banking or in an associated consulting role
• 15+ years of experience in Accounting, Finance or related field in the Financial Services industry
• Proven track record of significant Finance organizational transformations
• Prior experience with implementation of complex global group close and substantiation and reconciliation solutions
• Significant experience in process re-engineering / improvement design and implementation of finance solutions using commercial Cloud technologies
• Understanding of accounting concepts related to US GAAP and IFRS standards, balance sheet substantiation, ledger, and close processes
• Understanding of the regulatory and control environment and requirements around ledgers or a similar institution
• Experience in building and managing diverse, inclusive, and high-performing teams
• Highly motivated, strong attention to detail, team oriented, organized
• High proficiency with Microsoft Office Suite, particularly Excel for reporting and PowerPoint for presentation development

Qualifications:

• Previous experience as a Solution Architect for Oracle EPM Cloud specialized on Oracle EPM FCCS and ARCS.
• Good knowledge on financial consolidation and accounts reconciliation using Oracle EPM FCCS and ARCS.

Preferred:

• Experience with SaaS enabled ERP transformations (Oracle, SAP)
• Leadership Experience as a Process or Product Owner within a Chief Accounting Officer, Controllership and Finance Shared Services Organization is preferred.
• Project Management certifications e.g., PMP (Project Management Professional), Agile Certifications or equivalent is a strong plus

Education:

• Bachelors’ degree in Finance, Accounting, Business, Management, or related field is required; CA or CPA or equivalent will be a differentiator