AVP Intercompany & Trust Accounting (L10)

Synchrony

Website: synchrony.com
Job details:
JOB_POSTING-3-79408-4

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
• Ability to manage multiple & varied priorities
  
  

Desired Skills/Knowledge

• CA or CPA preferred
• Controllership experience in a large financial services industry organization.
• Knowledge of banking regulations a plus.
• Oracle GL and Oracle Hyperion product suite.
• Demonstrated team player with collaborative, facilitation and influencing skills.
• Demonstrated ability to create operational guidelines and metrics to facilitate strong process performance.
• Experience working in a fast-paced, changing environment.
• Strong analytical and data manipulation skills.
• Ability to influence and drive cross-functional progress.
• Excellent analytical and problem solving skills.
  
  

Eligibility Criteria

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.

Work Timings: 4PM -12PM IST

This role qualifies for Enhanced Flexibility offered in Synchrony India and will require the incumbent to be available between 06:00 AM Eastern Time – 11:30 AM Eastern Time (timings are anchored to US Eastern hours and will adjust twice a year locally). This window is for meetings with India and US teams. The remaining hours will be flexible for the employee to choose. Exceptions may apply periodically due to business needs)

We are proud to offer flexibility at Synchrony. Our way of working allows you the option to work from home or workspaces in our Regional Engagement Hubs—Hyderabad, Bengaluru, Pune, Kolkata, or Delhi/NCR.

As directed by the management, you will be required to commute or travel to Hyderabad or one of the Regional Engagement Hubs for in-person engagement activities such as business/ team meetings, trainings, and events

For Internal Applicants

• Understand the criteria or mandatory skills required for the role, before applying
• Inform your manager and HRM before applying for any role on Workday
• Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)
• Must not be any corrective action plan (First Formal/Final Formal, LPP)
• L8+ Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.
• L8+ Employees can apply
  
  

Grade/Level: 10

Job Family Group

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