About this role
Nomura Overview:
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com .
Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations across four international regions.
At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.
Divisional Overview:
The Corporate finance team performs global and seamless Finance operations including trading and product control, Group financial reporting and disclosure, management information and reporting for Decision support, planning and development of financial strategy including funding policies and financial analysis, funding and cash management, tax planning and reporting, investor relations management, and much more.
Business Overview:
FCR is a key component of the Finance Department, which has an excellent reputation within the bank and externally. We pride ourselves on our professionalism within a department with a culture that encourages dynamism and flexibility.
Senior management takes a hands-on approach within the department, and is keen to reward hard
work, enthusiasm and success. A willingness to constantly question established processes, and strive for improvements is actively encouraged, leading to an ever changing and exciting environment. Nomura presents a unique opportunity to learn and gain experience of a broad range of products and business lines within a supportive setting and surrounded by skilled professionals.
The Reporting team is based both onshore and offshore in Mumbai. The majority of reporting and a significant proportion of monthly reporting are performed by the team in Mumbai
What We Offer:
- We support employee wellbeing by ensuring a sense of purpose and belonging.
- We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.
- Our bespoke benefits support employees and their family’s holistic wellbeing and are inclusive of diverse identities and family structures.
Position Specifications:
Corporate Title
Analyst
Functional Title
Asstt. Manager
Experience
3 – 4 years
Qualification
CA
Requisition No.
Role & Responsibilities:
The role is in the Financial Control department of Nomura's Finance Division, taking responsibility for running processes for India based Service entities and their holding companies. It will include working with colleagues in India, AeJ and Japan region.
The role involves doing monthly processes, projects & annual accounts. This will cover both current reporting processes and support automation wherever possible.
- Monthly and year-end close for US GAAP / Local GAAP Financial Statements.
- Ensuring monthly, quarterly & annual financial statements are complete, accurate, prepared in a timely manner, and are in accordance with respective GAAP of the legal entity.
- Good working knowledge on month end closing process for any Legal entity, financial instruments reporting and disclosure as per US GAAP / Ind AS.
- Understanding cross border transactions between Nomura subsidiaries and ensuring all the Inter Company transactions are reconciled, breaks resolved and gets eliminated upon consolidation.
- Liaising with the entity Controllers and Consolidation group to provide an understanding of financial reporting and month end closing process.
- Needs to understand the Business, Structure and Regulatory Reporting requirements of the Legal Entities assigned.
- Wear-end close for Local GAAP Financial Statements. Liaising with Statutory auditors
Key objectives critical to success:
- Ability to work to high degree of accuracy with logical and structured approach
- Ability to self-review, identify issues and investigate / escalate appropriately
- Flexibility and the ability to keep pace with ever changing India regulatory environment
- Ability to embrace new technology and adapt to changing business processes
- Ability communicate effectively with colleagues and build relationships within the department and across functions
Skills, experience, qualifications and knowledge required
- Should be able to understand business & structure of the Legal entities assigned to produce variance analysis for movements in financial statements.
- Excellent Analytical and Ind AS knowledge.
- Self-starter, problem solver and ability to work with minimal supervision.
- Experience of process, design and implementation
- Strong communication skills (written and verbal) and control minded focus
- Results focused in a pressurized environment with tight reporting deadlines
- Organized and methodical with attention to detail
- Well-developed Excel skills & knowledge of data transformation/ visualization tools (e.g. Tableau/Alteryx)
Mind Set:
Mandatory
Desired
Domain
- Strong Accounting Skills
- Strong analytical skills
- Financial services industry exposure / good working knowledge in Financial reporting function
- Exposure to US GAAP / Ind AS
- CA with 3+ years post qualification experience
- Proficiency in bringing issues to closure by keeping all the relevant stakeholders informed
Technical
- Excel system skills; New age technology including working knowledge of AI and ability to learn Finance specific systems