Finance Business Analyst

Pay Rate: $564.38/day

Location: Jersey City, NJ

Summary:

• Work Mode: Onsite

Responsibilities:

• Generate, analyze, and document user requirements and business processes for IT development (BRD).
• Undertake data assessment, data gap analysis, and remediation.
• Plan and manage user acceptance and migration testing up to successful delivery of end-product or remediation solution.
• Liaise and coordinate cross-functionally to review requirements with stakeholders to enable design and development in liaison with IT, coordinate testing, support go-live, and provide long-term support for operational readiness, governance, controls, and aftercare.
• Ensure proper and adequate aftercare and follow-up to remediate any unforeseen issues.
• Manage issues and escalate effectively.
• Ensure on-time quality delivery of projects and tasks assigned.
• Facilitate working group meetings with effective presentation materials and documentation; prepare agendas, document meeting outcomes, and communicate to stakeholders and management.
• Support enhancement efforts of the overall control environment, including upstream processes and controls.
• Sound knowledge of the lifecycle of financial Global Market and Global Banking products and banking processes, ability to navigate complex data systems and architecture.
• Work closely with Finance Strategy group for current and upcoming new transactions or activities.
• Act as the contact person within the project teams and for the business line in relation to data and functional aspects and document and validate BRD updates accordingly.
• Engage finance internal teams for relevant schemas and downstream reporting of finance processes.
• Ensure accounts, products, legal entities, and source systems are properly reflected in implementation.
• Track timelines and budget, report weekly updates, lead, and participate in OpCo/SteerCo meetings.
• Ensure appropriate coverage to anticipate and enable resolution for any unforeseen or blocking issues with appropriate escalation.
• Identify opportunities to enhance and automate processes and agilely reprioritize and support other finance projects as they emerge.
• Ensure proper change management controls, rules, and responsibilities as required.
• Utilize PowerPoint and Excel to allow for analysis, summary, and presentation to working group and management as needed.

Requirements:

• Qualified CFA / Finance University Degree.
• Minimum 7 years of work experience in the field of accounting and/or accounting systems (i.e., upstream to general ledger and downstream) and implementation in the financial services industry.
• Strong technical accounting background in the financial services industry (e.g., Corporate and Investment Bank, Prime and Hedge Fund Services, Investment Management, etc.).
• Experience must include business analysis and application testing.
• Excellent written and oral communication skills.
• Business analysis and project management skills including Microsoft Office, SQL preferred.
• Ability to understand complex financial products and system architectures, including accounting business processes, financial, and management reporting (IAS and US GAAP), month-end closing process, regulatory reporting, entity consolidations, and multi-currency accounting.
• Experience working with accounting and reporting of complex financial products (e.g., Derivatives, Forex, Equities, Fixed Income, Treasury, Loan Syndication, Supply Chain, Trade Finance, etc.) with a deep understanding of product lifecycles and associated accounting events.
• Detail-oriented approach with problem-solving mindset and ability to work independently.
• Ability to effectively challenge and apply professional skepticism with the goal of providing strategic solutions.
• Excellent written and oral communication skills, with the ability to explain complex issues clearly and concisely to audiences of varying technical or accounting levels.
• Ability to work effectively in geographically dispersed cross-functional teams.

Preferred Skills:

• CFA or experience in financial products preferred.
• Knowledge of accounting standards - IFRS and/or US GAAP are of interest.
• Experience working with IT in product implementations of financial systems.
• Experience in Business Analysis (Accounting and Reporting) and Application Testing (accounting interpreter, sub ledger, general ledger, and reporting tools) in the financial services industry.
• Fluency in one or more of these languages preferred: French, Spanish, and/or Portuguese.
• Knowledge of emerging solutions and analytic tools preferred, e.g., robotics, Alteryx, BI, AI etc.