About the job
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Bank of America is hiring a Team Leader for its Global Finance operations in Madhapur, Hyderabad. The role focuses on balance sheet reconciliations, reviewing account balances, investigating discrepancies, and meeting finance process deadlines and quality standards.
The position sits within Global Business Services and supports finance functions such as general accounting, reconciliations, management reporting, and financial transaction processing. Candidates should understand accounting fundamentals and balance sheet reconciliations, communicate clearly with business partners, and follow established reconciliation policies.
What You’ll Do
- Prepare and review balance sheet account reconciliations according to the bank’s Account Reconciliation Policy and Account Reconciliation Standards.
- Understand account transaction flows and document them in process procedures.
- Complete assigned reconciliation work within agreed service-level agreements (SLAs).
- Follow up with lines of business on outstanding items and obtain the required documentation for aged items within defined timelines.
- Check reconciliation quality against established standards and parameters.
- Investigate account discrepancies and communicate unresolved items to the relevant business partners.
- Identify opportunities to improve processes, reduce risk, and address non-compliance, then escalate findings to the supervisor.
- Prepare daily process reports and respond to internal or external audit queries about account activity.
What You Need
- B.Com, M.Com with an MBA in Finance, qualified CA, CA Inter, or CA Group 1.
- 0–3 years of experience in balance sheet reconciliation.
- Strong understanding of accounting concepts and balance sheet accounts.
- Familiarity with reconciliation processes, tools, and documentation.
- Analytical and problem-solving skills.
- Good written and verbal communication skills.
- Ability to coordinate with business partners and follow up on pending items.
Preferred Skills
- Microsoft Excel.
- Python coding.
- Exposure to Six Sigma or other process-quality and improvement tools.
Work Schedule
- Working hours: 2:30 PM to 11:30 PM IST.
- Weekly schedule: Weekends off.
- Location: Madhapur, Hyderabad, or Mumbai.
Before You Apply
- Make sure your resume clearly shows your accounting qualification and balance sheet reconciliation experience.
- Revise reconciliation concepts, account breaks, outstanding items, and the purpose of balance sheet account reviews.
- Highlight your experience with Excel, reconciliation tools, process documentation, and daily reporting.
- Prepare examples of how you investigated discrepancies, followed up on aged items, or helped meet process deadlines.
- If you know Python or Six Sigma, include relevant examples in your resume.
- Check that the 2:30 PM to 11:30 PM shift works for you before applying.
Important Eligibility Information
The employer specifies 0–3 years of balance sheet reconciliation experience. The listed qualifications are B.Com, M.Com with MBA Finance, qualified CA, CA Inter, or CA Group 1. The job page does not state a salary or a closing date.
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JobsInHyd does not guarantee hiring outcomes.About Bank of America
Bank of America is a global financial institution providing banking, investment, and financial services. Its Global Business Services operations in India support technology, finance, and operational functions for the company’s business units.
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Bank of America is hiring a Team Leader for its Global Finance operations in Madhapur, Hyderabad. The role focuses on balance sheet reconciliations, reviewing account balances, investigating discrepancies, and meeting finance process deadlines and quality standards.
The position sits within Global Business Services and supports finance functions such as general accounting, reconciliations, management reporting, and financial transaction processing. Candidates should understand accounting fundamentals and balance sheet reconciliations, communicate clearly with business partners, and follow established reconciliation policies.
What You’ll Do
- Prepare and review balance sheet account reconciliations according to the bank’s Account Reconciliation Policy and Account Reconciliation Standards.
- Understand account transaction flows and document them in process procedures.
- Complete assigned reconciliation work within agreed service-level agreements (SLAs).
- Follow up with lines of business on outstanding items and obtain the required documentation for aged items within defined timelines.
- Check reconciliation quality against established standards and parameters.
- Investigate account discrepancies and communicate unresolved items to the relevant business partners.
- Identify opportunities to improve processes, reduce risk, and address non-compliance, then escalate findings to the supervisor.
- Prepare daily process reports and respond to internal or external audit queries about account activity.
What You Need
- B.Com, M.Com with an MBA in Finance, qualified CA, CA Inter, or CA Group 1.
- 0–3 years of experience in balance sheet reconciliation.
- Strong understanding of accounting concepts and balance sheet accounts.
- Familiarity with reconciliation processes, tools, and documentation.
- Analytical and problem-solving skills.
- Good written and verbal communication skills.
- Ability to coordinate with business partners and follow up on pending items.
Preferred Skills
- Microsoft Excel.
- Python coding.
- Exposure to Six Sigma or other process-quality and improvement tools.
Work Schedule
- Working hours: 2:30 PM to 11:30 PM IST.
- Weekly schedule: Weekends off.
- Location: Madhapur, Hyderabad, or Mumbai.
Before You Apply
- Make sure your resume clearly shows your accounting qualification and balance sheet reconciliation experience.
- Revise reconciliation concepts, account breaks, outstanding items, and the purpose of balance sheet account reviews.
- Highlight your experience with Excel, reconciliation tools, process documentation, and daily reporting.
- Prepare examples of how you investigated discrepancies, followed up on aged items, or helped meet process deadlines.
- If you know Python or Six Sigma, include relevant examples in your resume.
- Check that the 2:30 PM to 11:30 PM shift works for you before applying.
Important Eligibility Information
The employer specifies 0–3 years of balance sheet reconciliation experience. The listed qualifications are B.Com, M.Com with MBA Finance, qualified CA, CA Inter, or CA Group 1. The job page does not state a salary or a closing date.
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