Overview The Legal Entity Controller (LEC) Team is responsible for the financial reporting and regulatory filings of the legal entities in China. Today we have a total of 14 bank and non-bank entities across the nation, the largest of which is JPMorgan Chase Bank (China) Company Limited (the "LIB"). LEC also manages external relationships with regulators and auditors. The team is involved in the analysis of legal entity implications for new business developments and changes in regulatory framework. It also monitors the effectiveness of internal control environment and legal entity governance, ensures optimal use of legal entities, and ensures adequate capital management and financial ratios of the legal entities. Description The financial analyst will work in the Legal Entity Controller (LEC) Team in Beijing. This individual will be responsible for all finance related matters. The candidate must be very highly motivated and capable of working individually as well as in a team. Specific responsibilities include:
Familiar with the current local regulatory reporting guidelines issued by the CBRC and PBOC.
Responsible for local regulatory return preparation, accuracy and timely submission.
Partner with Corporate Reporting team on US Head Office reporting.
Prepare entity level MIS report and financial information per business requirements.
Ensure branch level finance activities are performed in accordance with global Finance control standards and policies.
Responsible for expense booking, cost allocation and payment. Review expense claims and ensure compliance with corporate policy and local regulatory requirements.
Responsible for fixed asset control. Review and ensure required approvals and supporting documents are in place as well as accuracy of booking.
Review General Ledger aging items and timely follow up with relevant parties (both onshore and offshore) on clearance.
Perform monthly General Ledger reconciliation.
Prepare local tax reporting and filing in accordance with PRC tax laws.
Assist in dealing with other support functions in the location.
Coordinate entity level internal and external audit and onsite inspection.
Perform ad hoc tasks (e.g. regulatory surveys, questionnaires) and provide support to ad hoc projects.
Act as the back-up of LEC team in other legal entities.
Minimum 2 years of experience in Finance and Accounting is preferred
Experience with a foreign bank or Big 4 audit firm is preferred
Good banking product knowledge is a plus
Accounting major preferred
English and Mandarin - Fluent communication (both verbal and written)
Solid knowledge of PRC accounting standards and local banking regulations.
Ability to execute all control processes (e.g. local regulatory reporting, ledger control) in a timely manner and with a high degree of accuracy.
Ability to work proactively in a team environment.