Job Description:
Role Title: Manager- Controllership (L08)
Company Overview:
Synchrony (NYSE: SYF) is a leading consumer financing company that has been at the heart of American commerce and opportunity for nearly a century. Synchrony delivers credit and banking products that empower tens of millions of consumers to improve their financial lives and access what matters most. Leveraging innovative solutions that are shaping the future of retail commerce, Synchrony supports the growth and success of some of the nation’s most respected brands, alongside hundreds of thousands of small and midsize businesses, including health and wellness providers. Committed to excellence in service and culture, Synchrony is proud to be named as #3 as a Great Place to Work® in India and is honored to be ranked the #1 Best Company to Work For® in the U.S. by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.
Organizational Overview:
Controllership organization within Finance COE responsible to monitor day-to-day accounting activities involved in Synchrony business. Controllership mostly covers General accounting, Client accounting, Reconciliations, Closing & Reporting, System maintenance, Governance related sub-processes. Every process contributes to quarterly & annual financial close process and ensure that we have accurate external reporting.
Role Summary/Purpose:
This role will be responsible general accounting activities for Synchrony’s online deposit platform (Retail Bank), secure card deposit product, and other deposits. This includes daily balancing of cash activity, suspense clearing, month-end close and analysis, and month-end reconciliations. The role is also responsible for completing various accounting tasks including month end close activities, recording manual journal entries (MJE), reconciliations, assist with FR2900 reporting, quarterly reporting deliverables and other general accounting responsibilities as assigned. This role will also assist in various cross-functional and multi-stakeholder projects affecting the above-mentioned activities. In addition, this role would be required to drive meetings, dashboard reporting and assist with management reporting. In this role, you will gain accounting, quarter close management, and reporting Finance experiences, as well as influence in a matrix environment Leadership experiences.
Key Responsibilities:
- Completion of daily balancing/tasks for all assigned accounts and monitoring of aged items in accordance with assigned thresholds
- Research/follow up on all reconciling items for assigned accounts with strong root cause/action plans documented and escalation to process owners when needed
- Perform cash in bank balancing, including resolution of variances, and preparation of the month-end reconciliation
- Research and resolve transaction suspense generated by the treasury system (REVAL)
- Support FR2900 reporting by validating cash in bank balances
- Detailed knowledge of process flow of assigned accounts and Blackline balancing procedures
- Identify process improvement opportunities for assigned accounts and ensure implementation of small to medium scale improvements
- Month-end responsibilities including journal entry preparation and reconciliations in accordance with SYF standards
- Support of Governance initiatives such as job aid reviews, updates, and testing
- Support of internal and external audits and internal control reviews
- Support ad-hoc reporting requests
- Other duties as assigned
Required Skills/Knowledge:
- Bachelor’s degree in Accounting or Finance minimum of 4+ years of accounting experience or in lieu of a degree 6+ years of accounting experience.
- Excellent analytical and problem solving skills
- Excellent organization and follow up skills
- Excellent communication skills – both oral and written
- Ability to execute in a fluctuating environment
- Demonstrated commitment to quality and customer service
- Ability to lead small projects to completion
- Strong knowledge of US GAAP
- Strong Microsoft Office skills
- Proven ability to work independently and meet deadlines
Desired Characteristics:
- Experience in financial services industry
- Demonstrated team player with collaborative, facilitation and influencing skills
- Experience working in a fast-paced, changing environment
- Strong background in accounting practices and procedures
- Fiserv, Oracle GL, T-Recs, Blackline knowledge
- Prior Banking Experience would be an added advantage
Eligibility Criteria:
- Bachelor’s degree in Accounting or Finance minimum of 4+ years of accounting experience or in lieu of a degree 6+ years of accounting experience.
Work Timings: 4:00 PM to 1:00 AM IST
This role qualifies for Enhanced Flexibility offered in Synchrony India and will require the incumbent to be available between 06:00 AM Eastern Time – 11:30 AM Eastern Time (timings are anchored to US Eastern hours and will adjust twice a year locally). This window is for meetings with India and US teams. The remaining hours will be flexible for the employee to choose. Exceptions may apply periodically due to business needs) We are proud to offer flexibility at Synchrony. Our way of working allows you the option to work from home or workspaces in our Regional Engagement Hubs—Hyderabad, Bengaluru, Pune, Kolkata, or Delhi/NCR. Occasionally you may be required to commute or travel to Hyderabad or one of the Regional Engagement Hubs for in person engagement activities such as business or team meetings, trainings, and culture events.
For Internal Applicants:
- Understand the criteria or mandatory skills required for the role, before applying
- Inform your manager and HRM before applying for any role on Workday
- Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)
- Must not be any corrective action plan (Formal/Final Formal)
- L4 to L7 Employees who have completed 12 months in the organization and 12 months in their current role and level are only eligible
- L8+ Employees who have completed 18 months in the organization and 12 months in their current role and level are only eligible
- Employees at L4+ are eligible to apply
Grade/Level: 08
Job Family Group:
Finance
