h62 wells fargo international solutions private

Financial Accounting Associate

India
October 1, 2023
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Deadline date:

Job Description

About the Role

Wells Fargo is seeking a Financial Accounting Associate to support Fixed Assets and Construction Project Accounting processes. This role reviews accounting transactions related to construction projects, records the fixed assets, performs various fixed asset maintenance, and other general accounting functions.

Activities include but not limited to analyzing fixed assets in process costs, applying relevant policy and procedures, creating journal entries, and providing backend support & service to project managers; all with a high level of accuracy.

In this role, you will:

  • Review large, more complex construction projects to determine capital vs. expense accounting treatment.
  • Prepare cost segregation of fixed asset costs for tax reporting.
  • Review multiple invoices and other supporting documentation to determine appropriate Fixed Asset categories.
  • Create and process Fixed Asset transactions in SAP and PeopleSoft systems.
  • Research and validate general ledger coding and building entity location details.
  • Review system generated depreciation of Fixed Assets, and process depreciation accruals, when warranted.
  • Prepare periodic Fixed Asset reports for Tax, Audit, and other ad hoc requests.
  • Perform international project review and foreign currency exchange clearing.
  • Monitor deadlines and cutoffs for issue avoidance.

Desired Qualifications

  • Bachelor’s/ Post-graduate in Accounting, Finance or Business Administration
  • 5+ years of experience in financial accounting roles with expertise in Reconciliation of Inter-company GL’s & JE postings
  • Knowledge and understanding of accounting principles & US GAAP
  • Ability to work both independently and within team environment across all organizational levels, where flexibility, collaboration, and adaptability are important.
  • Strong communication and presentation skills.
  • Prioritize multiple tasks in a fast-paced environment with critical deadlines.
  • Advanced knowledge of Excel and PowerPoint
  • Good to have knowledge of Alteryx, Power BI, Tableau
  • Financial services industry expertise with specific experience in US GAAP reporting would be preferred.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

or status as a protected veteran.

Drug and Alcohol Policy

 

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.