Job Description
Senior Accountant
Are you ready to explore a world of possibilities?
Join our DTCC family, and you’ll grow your expertise and become the best version of you. As you embark on a new journey, you’ll seek challenges with flexibility and patience, learning new skills and advancing your career while having the time of your life.
Why You Would Love This Job:
The Financial Reporting & Accounting department advises on the accounting treatment for complex transactions, performs all accounting, and prepares all external financial statements and regulatory reports.
As part of DTCC’s Financial Reporting and Accounting group you will have the opportunity to work with variety of Oracle software products including an Enterprise Resource Planning System (ERP) with integrated modules including Accounts Receivable, Accounts Payable, Procurement, Fixed Assets, HR & Payroll, and Leases
DTCC also uses several applications in the Oracle EPM suite of products to report on and reconcile data from the ERP using applications such as Financial Close and Consolidations (FCCS), Account Reconciliations Cloud Services (ARCS), Oracle Analytics Cloud Services (OACS), Enterprise Planning and Budgeting Overview Cloud Services (EPBCS) and Tax Reporting Cloud Services (TRCS). Several of these applications (including the ERP) provide the ability to access and manipulate data through an excel tool called SmartView (Oracle Essbase) making it easier to see trends and perform different types of analysis.
What You'll Do
Own and manage the end-to-end process for recording allocations into the general ledger, a process where shared costs are allocated to entities within the group. This includes extraction analysis and validation of allocation data using Excel SmartView ( Oracle Essbase) and importing allocation journals into Oracle ERP.
Analyze financial data prior to allocation for Chart of Accounts (COA) violations and liaise with various departments for further action.
Prepare monthly reconciliation of pre-allocated and post-allocated expenses and general ledger balances.
Prepare monthly allocation validation reports.
Perform ad hoc allocation research as requested by management.
Prepare and present the month over month revenue trend analysis/validation and reporting as part of the CFO review of revenue during the month end close.
Monitor intercompany general accounts and ensure intercompany breaks are resolved, which includes preparing various intercompany break ad hoc analysis reports.
Prepare monthly Intercompany(IC) settlement report and prepare/load IC settlement journal entry.
Assist with IC transactions, as necessary.
Responsible for running and reviewing various control reports such as Posted and Unposted Journal Entry Reports communicating with FR&A team to resolve any exceptions.
Monitors and manages month end close tasks in Oracle FCCS Task Manager application.
Prepares month end close calendar for publishing prior to the start of the close and communicates month end close updates during the monthly close.
Prepare and post journal entries
Identify process improvement opportunities and present recommended solutions
Create and/or update policies and procedures related to areas of responsibility
Talents needed for success:
MS Excel (advanced - Vlookups, Pivot Tables)
Familiarity with Oracle accounting software, a plus
Familiarity with Oracle Smart View (Essbase, FCCS), a plus
Experience with foreign currencies, a plus
Good understanding of Generally Accepted Accounting Principles (U.S. GAAP)
Understanding of Month End Close Processes
Strong ability to handle multiple tasks and deadlines, continually meet established deadlines.
Flexibility in team assignment shifts, willingness to pitch in wherever possible
High problem solving and analytical skills
Bachelor's degree in Finance, Financial Accounting, or related fields
Who We Are:
DTCC is the heart of the post-trade market infrastructure for the global financial services industry. From 21 locations all over the world, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, growing clarity and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. In 2020, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, ****** orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry’s needs and we’re working to continually improve the world’s most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.
DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.
Learn more about Clearance and Settlement by clicking here .
Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC's competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
The Financial Reporting & Accounting department advises on the accounting treatment for complex transactions, performs all accounting, and prepares all external financial statements and regulatory reports.
Are you ready to explore a world of possibilities?
Join our DTCC family, and you’ll grow your expertise and become the best version of you. As you embark on a new journey, you’ll seek challenges with flexibility and patience, learning new skills and advancing your career while having the time of your life.
Why You Would Love This Job:
The Financial Reporting & Accounting department advises on the accounting treatment for complex transactions, performs all accounting, and prepares all external financial statements and regulatory reports.
As part of DTCC’s Financial Reporting and Accounting group you will have the opportunity to work with variety of Oracle software products including an Enterprise Resource Planning System (ERP) with integrated modules including Accounts Receivable, Accounts Payable, Procurement, Fixed Assets, HR & Payroll, and Leases
DTCC also uses several applications in the Oracle EPM suite of products to report on and reconcile data from the ERP using applications such as Financial Close and Consolidations (FCCS), Account Reconciliations Cloud Services (ARCS), Oracle Analytics Cloud Services (OACS), Enterprise Planning and Budgeting Overview Cloud Services (EPBCS) and Tax Reporting Cloud Services (TRCS). Several of these applications (including the ERP) provide the ability to access and manipulate data through an excel tool called SmartView (Oracle Essbase) making it easier to see trends and perform different types of analysis.
What You'll Do
Own and manage the end-to-end process for recording allocations into the general ledger, a process where shared costs are allocated to entities within the group. This includes extraction analysis and validation of allocation data using Excel SmartView ( Oracle Essbase) and importing allocation journals into Oracle ERP.
Analyze financial data prior to allocation for Chart of Accounts (COA) violations and liaise with various departments for further action.
Prepare monthly reconciliation of pre-allocated and post-allocated expenses and general ledger balances.
Prepare monthly allocation validation reports.
Perform ad hoc allocation research as requested by management.
Prepare and present the month over month revenue trend analysis/validation and reporting as part of the CFO review of revenue during the month end close.
Monitor intercompany general accounts and ensure intercompany breaks are resolved, which includes preparing various intercompany break ad hoc analysis reports.
Prepare monthly Intercompany(IC) settlement report and prepare/load IC settlement journal entry.
Assist with IC transactions, as necessary.
Responsible for running and reviewing various control reports such as Posted and Unposted Journal Entry Reports communicating with FR&A team to resolve any exceptions.
Monitors and manages month end close tasks in Oracle FCCS Task Manager application.
Prepares month end close calendar for publishing prior to the start of the close and communicates month end close updates during the monthly close.
Prepare and post journal entries
Identify process improvement opportunities and present recommended solutions
Create and/or update policies and procedures related to areas of responsibility
Talents needed for success:
MS Excel (advanced - Vlookups, Pivot Tables)
Familiarity with Oracle accounting software, a plus
Familiarity with Oracle Smart View (Essbase, FCCS), a plus
Experience with foreign currencies, a plus
Good understanding of Generally Accepted Accounting Principles (U.S. GAAP)
Understanding of Month End Close Processes
Strong ability to handle multiple tasks and deadlines, continually meet established deadlines.
Flexibility in team assignment shifts, willingness to pitch in wherever possible
High problem solving and analytical skills
Bachelor's degree in Finance, Financial Accounting, or related fields
Who We Are:
DTCC is the heart of the post-trade market infrastructure for the global financial services industry. From 21 locations all over the world, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, growing clarity and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. In 2020, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, ****** orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry’s needs and we’re working to continually improve the world’s most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.
DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.
Learn more about Clearance and Settlement by clicking here .
Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC's competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
The Financial Reporting & Accounting department advises on the accounting treatment for complex transactions, performs all accounting, and prepares all external financial statements and regulatory reports.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
