Financial Accountant – Financing Activities and Taxes
Bnp Paribas
Madrid, SPAIN
hace 2 días
source : Wizbii

Report to

The position is within Financial Accounting Financing Activities and Taxes department for EMEA located in Madrid, under the supervision of the department management.

Mission and Objectives

He / she will perform tasks allocated mainly to the Financing Activities and Taxes, where MSFC provides services for the Corporate and Institutional Banking and BP2S entities.

Financial Accountants will be involved in the day-to-day maintenance and control of the general ledgers for the entities under their responsibility generated by the Financing Activities identified as follows : loans, deposits and guarantees and Taxes .

When applicable, they coordinate review and potential adjustments with other teams. Additionally, they will have to ensure quality of data for all Reporting streams and be in charge of performing adjustments when needed in the General ledger.

Main responsibilities

Accounting & Control Functions

He / she will be in charge of the following finance functions :

Perform daily and month-end financial closing for their entities and prepare the Financial reporting to the Group

Prepare and book daily / monthly entries as necessary

Review ledgers and perform account and transaction analysis

Analyze, reconcile, and review all accounts under their responsibility by performing variance analysis, highlighting trends, and following up on questions / concerns

Analyze all the transit accounts of the entities under their scope in order to identify overdue pending items and calculate the transitory provision according to Group procedure

Provide assistance in coordination with the management in responding to questions from the external auditors, Operations, and other support groups by :

Ensuring prompt resolution and follow-up of questions / requests for information

Escalating problems / issues to the head

Providing quality service to other teams

Prepare budget and Forecast process related to the Financing activities

Transform the accounting data into management accounting (profitability and cost allocation by Business Line) following the MARP (Management Accounting Rules and Principles)

Perform the P&L and cost of funding reconciliation processes in compliance with Group and CIB Finance standards

Act as the first level of review to ensure accuracy, completeness, and validity by reviewing and approving all related to Financing Activities and Taxes :

The operational processing of revenues and Cost of Risk

Reconciliations of account balances (e.g. transit and suspensory accounts related to financing activities and taxes)

Reconciliations between systems / with Head Office (e.g. reconciliation of management reporting of provisions with approvals from Paris Risk Department)

The reports generated by the management accounting activity (e.g. Flash reports, reporting of customer-level profitability)

Justification of the balance and off-balance accounts allocated to the department related to the Corporate banking products (e.

g. : transfer pricing, CoR accounts, etc.)

Review the accuracy of the Corporate Income Tax calculated by the sites, assuring the correct booking of the entries associated to this calculation

Reconciliation between Atlas2 / Midas and OFS in all related to financing activities and taxes

Projects, Systems Support, Operational Process Improvements

Participate in the upgrades / version releases of respective reporting tools, as well as system amendments / enhancements required to facilitate new / modified reporting requirements.

In connection with this effort, assist in user acceptance testing and trouble-shooting after deployment

Assist in identifying operational process improvements in production, control procedures, and workflow organization to increase the team's efficiency and effectiveness.

Also assist in integrating and streamlining the reports under the team's responsibility

Other functions

Observe the bank's policies and procedures

Provide reporting coverage by :

Learning the reports, tasks and requirements of the person they are backing up

Training his / her back-up on the preparation of the reports and tasks under his responsibility

Participate in staff development and evaluation, as well as staffing operational process (recruiting, hiring, and training).

Help ensure that staff's skills and competencies can support reporting requirements

Assist in any special project or request as directed by management


Training and occupational experience

Accounting degree or equivalent

Minimum 1-2 years of financial and / or management accounting experience, preferably within Financial Services Industries

Basic Corporate Banking product focus on loans, deposits, guarantees and taxes desirable

Knowledge about the Corporate Income tax calculation and its accounting impact a plus

English speaking is mandatory

Essential specific requirements

Working knowledge and understanding of generally accepted accounting principles, both in IFRS and French GAAP (an asset)

  • Excellent Excel skills (including pivot tables, VLOOKUP, SUMIF)
  • Ability to learn new systems and products quickly
  • Speaking French and other local languages a plus

    Skills and behaviours

    Effective analytical, organizational, and problem-solving skills

    Strong communication skills, both written and verbal

    Self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment

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