The American Express has invited applications from qualified M.com, ACA, ACCA, CPA for the post of Financial Analysis Manager.
American Express is a global services company that provides consumers and businesses with exceptional access to products, insights and experiences that enrich lives and build business success.
Function Description:
The Global Treasury Controllership (GTC) is part of the Global Controllership Organization and is responsible for providing comprehensive global debt, derivative and investment transaction middle office services supporting Treasury & Controllership.
Purpose of the Role:
The Trade Support team is a key component of GTC, responsible for covering an important part of FX derivative lifecycle. This includes FX derivatives transaction capture, confirmation with external banks, settlement of FX trades on maturity date tracking and accounting & reporting of FX derivatives taken to hedge the foreign exchange exposure resulting from cross-currency transactions within American Express Company and its subsidiaries. FX trades are taken in 20 currencies with 40 external banks. The position will also be responsible for supporting critical business initiatives like M&A, LE Restructuring, I/C loans changes, dividend payout etc and partner closely with teams like Treasury operations, LEM, AET, TMS vendor to provide FX related consultancy.
Responsibilities:
- Perform daily validation of FX trades executed by front office team to comply with Volcker Policy
- Confirmation of FX trades on a real-time basis with external banks
- Daily settlement of FX trades on the maturity date ensuring funds move out of Amex accounts as per currency cut off
- Accounting of settlement of FX trades as per GAAP requirements and derivative policy.
- Build good knowledge of Treasury Management System (TMS), FX instruments like forwarding, Swap etc and hedging strategies
- Maintain robust controls to ensure compliance with SOX, Dodd-Frank regulations, Derivative policies and other AXP internal guidelines
- Lead and participate in projects related to Treasury/Business partner-driven initiatives by providing appropriate cash management & Fx solutions.
- Manage accounting and reconciliation of open items of bank CCIDs used for FX transactions
Shift Timings: 11:30 am-7:30 pm
Critical Factors to Success:
- Continuous Improvement
- Ensure all trade support activities are completed accurately and within stipulated timelines. Inaccuracy and delay has financial impacts on Amex
Qualifications
Past Experience:
• 3+ years in Finance
• Any treasury experience would be an advantage
Academic Background:
Qualified accountant or other equivalent finance certification (M.com, ACA, ACCA, CPA, etc); Degree in Finance/Accounting an advantage
Functional Skills/Capabilities:
- Ability to manage multiple priorities with excellent attention to detail
• Able to challenge status quo & effectively communicate to leadership, auditors and regulators
• Strong analytical skills and ability to connect business drivers
• Strong relationship building skills and ability to influence without direct control
Technical Skills/Capabilities:
- Knowledge on technical areas of ASC 830 (FAS 52) related to Currency Re-measurement & Translation and ASC 815 (FAS 133) related to FX Hedge Accounting.
• Strong accounting skills, analysis and reporting
Academic Background:
- Qualified accountant or other equivalent finance certification (M.com, ACA, ACCA, CPA, etc); Degree in Finance/Accounting an advantageFunctional Skills/Capabilities:
- Ability to manage multiple priorities with excellent attention to detail
• Able to challenge status quo & effectively communicate to leadership, auditors and regulators
• Strong analytical skills and ability to connect business drivers
• Strong relationship building skills and ability to influence without direct control
Technical Skills/Capabilities:
- Knowledge on technical areas of ASC 830 (FAS 52) related to Currency Re-measurement & Translation and ASC 815 (FAS 133) related to FX Hedge Accounting.
• Strong accounting skills, analysis and reporting
Knowledge of Platforms:
- Extensive knowledge of Microsoft office tools (Excel, Word, PowerPoint, etc.)
• Sound knowledge of Oracle Accounting and reporting tools.
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