Cash & Asset Reconciliation, OPS, Analyst Mumbai, India

Lowe's India


IND_Specialist
Lowe's India • India • via Jobgether
3 days ago
Full–time
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Job description
This a Full Remote job, the offer is available from: India

About Lowe’s
Lowe’s is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

About Lowe’s India

Lowe’s India, the Global Capability Center of Lowe’s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe’s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India

About the Team

This team focuses on processing Handling Disputes, Returns reviewing for proper documentation and approvals received and invoices received in system

Job Summary:

This role focuses on Return to Manufacturer process, Handling Disputes, reviewing for proper documentation and approvals received.

Knowledge of an organization's billing requirements and the ability to utilize the proper tools and follow accounts payable practices and procedures. Processes accounts payable transactions as a regular part of daily work. Analyze chargebacks and understand why the vendors disputing the chargebacks. Setting of vendor profile in system correctly so the deductions go through. Analyze the issues in current systems. Understand and learn the end-to-end RTM Process in Lowes. Build relationship with vendors. Work on Process Improvement Projects.

Roles & Responsibilities:

Core Responsibilities:
• Finance:
• Ensure all assigned chargebacks, disputes & returns are resolved in a timely manner.
• Process all chargebacks assigned are completed with set accuracy and productivity.
• Prioritize the ageing and urgent requests on regular basis Follow desktop procedures and controls while working on invoices
• Analyze the root cause of errors and work towards mitigating those in future
• Responsible for providing data on regular intervals (daily, weekly & monthly basis)
• Serves as subject matter expert and mentor for the team
• Suggest process improvement ideas
• Support the additional work load within or beyond your respective processes as and when required
• Development of trackers for self and team is must
• Proactively interacting calls with partners and sharing or taking process related informations\updates
• Training opportunities to be utilized proactively
• Works in collaboration with OPS Lead and Partners to understand challenges/concerns/process updates/exceptions and address them in a timely manner with proper document.
• Challenge the systems.
• Deep Dive in upstream and downstream of the process.
• Support Process Improvement Projects.

Years of Experience:

5+ Years

Education Qualification & Certifications (optional)

Required Minimum Qualifications:

Education level: Bachelor's Degree

Field of Study: Business, Finance, Economics, Accounting or a related field

Skill Set Required

Primary Skills (must have)
• Strong data entry skills
• Analytical skills
• Proficient in Microsoft Excel
• Knowledge of accounting principles and Accounts Payable processes

Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, ****** orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.

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BlackRock


Cash & Asset Reconciliation, OPS, Analyst Mumbai, India
BlackRock • via RemoteFront
5 days ago
Full–time
Apply on RemoteFront
Job description
About this role

About OPS Reconciliation

The Outsourced Platform Services Reconciliation Team is a dedicated group of professionals who ensure that all BlackRock cash & position data are accurate for critical processes including investment management, analytics, compliance, and regulatory. Cash & Position types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral. We provide information services and solutions in supporting this business. The roles and responsibilities will include actively handling risk and exposure for BlackRock by ensuring the investment book of record is reconciled with the custodian, manager, client and/or prime record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Primary Responsibilities Include:
• Completing day to day assigned tasks, including, control reports, cash and position break resolution, inbox and dashboard monitoring, client and portfolio data maintenance, and daily subscription/redemption activity.
• We provide high quality client service externally and internally. Address inquiries, perform controls, resolve problems, and mitigate risks for clients and internal BlackRock partners.
• Preparing, and/or reviewing reconciliations between BlackRock, Asset Manager, and Custodian Bank. Includes researching differences and resolving them in a timely and accurate manner
• Performing ongoing maintenance of the existing accounts to reflect client or account level changes.
• We work with external service providers, internal team members and other BlackRock groups to resolve issues, as identified.
• Assisting in special projects and initiatives to improve the service offering
• Enjoy developing strong internal & external relationships, with a focus on partnership & client service
• Constantly evaluate process and procedures for inefficiencies and make recommendations for improvement. Act as a change-management agent to consistently improve the quality control environment and develop standard methodologies.
• Raising all material risk items and service issues on a timely basis.
• Coaching and mentoring of team members to encourage high individual performance and service standards
• Demonstrating ability to self-improve and develop. Understand the impact of cash on upstream and downstream partners.
• Work with external administrator, internal team members and other BlackRock groups to resolve fund accounting and other operational issues, as identified
• Perform periodic internal reporting to other BlackRock groups (e.g. fund metrics, AUM, fee revenue, investor data).
• Lead and participate in group projects and initiatives.
• Respond to ad hoc requests from outside investors and other BlackRock groups.
• Communicate performance results to investors and resolve investors’ questions.
• Participate in investor due diligence meetings, as required for product set, and explain the controls in place to ensure accurate reporting to clients is achieved

Skills Required:
• The ability to prioritize and balance multiple requests without losing sight of our overall objectives
• You possess strong decision-making skills to make well-thought-out decisions based on the information provided and to obtain further assistance/clarification when vital
• You are able to multi-task and perform in a high performance, high demand environment!
• You take the initiative to follow up on issues – identify what needs to be done and act
• Ability to multi-task, balance multiple priorities and meet deadlines in a fast-paced and evolving team
• You are organized and detail oriented with strong time management skills
• Ability to work in a multifaceted and team-oriented environment and quickly adapt to a constantly evolving business
• Contributor to the leadership team ensuring appropriate staffing model, depth charts and succession plans are assessed across the location
• Do you have the social skills to effectively articulate solutions to internal and external partners?
• Capability to assist in creating a team vision, planning and executing steps to ensure a consistently robust team
• Thrive in a team environment and build strong relationships with colleagues and external contacts such as custodians, counterparties and other third-party providers
• You have strong knowledge of equity and fixed income securities and derivative products
• You are proficient in Microsoft Office and have an aptitude for learning new applications!
• Preferred:
• Understanding upstream processes impactful to the reconciliation and develop ability to correlate the effect of change
• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects at a time in a dynamic, demanding and constantly evolving environment while maintaining the highest standard and attention to detail
• 1-4 years of investment / fund accounting /Reconciliation work experience or equivalent, including review experience for at least a portion of that time.
• Strong leadership and management skills and ability to collaborate across many teams.
• Dynamic individual with very strong communication skills, both written (presentations/policies/process documents) and verbal.
• Positive attitude with very strong problem-solving skills.
• Great multi-tasking skills, great project management skills and deadline focused.
• Knowledge of technical and regulatory issues affecting the alternatives investment fund industry, including knowledge of investment company accounting/reporting, US GAAP and IFRS. (Infrastructure/Private Equity/Valuation experience a plus.)
• CPA candidate preferred but not required.
• Standout colleague with excellent interpersonal skills including ability to collaborate with a broad network of colleagues to help resolve issues.
• Excellent verbal and written communication skills – ability to interact and clearly communicate complex concepts to a wide variety of partners

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, ****** orientation and other protected attributes at law.

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Maharashtra
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