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Finance & Accounting Associate

  • Job
    Full-time
    Entry Level
  • Accounting & Tax
    Banking & Finance
  • Chennai
  • 20hrs left

AI generated summary

  • You need 6+ months in finance/accounting, preferably with BCOM/MBA, experience in accounts payable, attention to detail, strong written communication, and intermediate MS Office skills.
  • You will analyze financial data, support accounts payable, process invoices, verify financial accuracy, mentor team members, and assist in operational planning and compliance initiatives.

Requirements

  • 6+ months of Finance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Education Qualification: Graduation (preferably BCOM) and/or MBA
  • 6+ months of experience in account payable or/and accounting operations
  • Attention to detail
  • Written communication: clear, concise and appropriate use of grammar
  • Should be able to look at the invoice to determine next steps
  • Follow procedures and escalate issues appropriately
  • Intermediate knowledge of MS Office suite

Responsibilities

  • Participate in low complexity initiatives to drive overall effectiveness of team in preparing data and assisting in research on product line, operational, and strategic planning
  • Review variance and trend analyses tasks or initiatives that require planning, evaluation, and interpretation
  • Support operational aspects of work including maintaining financial data, validating accuracy, preparing and analyzing operations and strategic plans
  • Prioritize work and provide day-to-day-work leadership and mentorship to Finance team
  • Develop understanding of model compliance and risk management requirements for supported area
  • Lead or contribute to implementation of new or revised processes and procedures that require coordination among various teams
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
  • Accounts payable processing: Process invoices, verify financial data for use in maintaining accounts payable records, and provide other operational support necessary to pay the obligations of the organization
  • Obtain proper information and/or data regarding invoice payments
  • Assemble invoices to be completed for payment
  • Verify and calculate all extensions and totals on invoices (calculating and taking discounts when applicable)
  • Review invoices and requisitions for satisfactory payment approval
  • Check vendor files for any previous payments and assign voucher numbers
  • Maintain copies of vouchers, invoices or correspondence necessary for files
  • Prepare vouchers listing invoice number, date, vendor address, item description, amounts and coding per accounting policies and procedures
  • Type periodic reports and other records

FAQs

What is the primary responsibility of a Finance & Accounting Associate at Wells Fargo?

The primary responsibility is to participate in low complexity initiatives to drive overall effectiveness of the team in preparing data, assisting in research on product line, operational and strategic planning, as well as handling accounts payable processing.

What qualifications are required for this position?

The required qualifications include 6+ months of finance experience or equivalent demonstrated through work experience, training, military experience, or education.

Is a specific educational background preferred for this role?

Yes, a graduation degree (preferably BCOM) and/or MBA is preferred.

Is experience in accounts payable necessary?

Yes, 6+ months of experience in accounts payable and/or accounting operations is desired.

What skills are important for a candidate applying to this position?

Important skills include attention to detail, clear and concise written communication, the ability to determine next steps based on invoice review, following procedures, and intermediate knowledge of MS Office suite.

How is the job role structured in terms of teamwork?

The Finance & Accounting Associate will provide day-to-day work leadership and mentorship to the finance team, collaborating and consulting with peers, colleagues, and managers to resolve issues and achieve goals.

What are the job expectations related to accounts payable?

Job expectations related to accounts payable include processing invoices, verifying financial data, preparing vouchers, maintaining records, and ensuring proper approvals for payments.

What is the posting end date for this job?

The posting end date for this job is February 10, 2025, but it may come down early due to the volume of applicants.

Does Wells Fargo value diversity in its hiring process?

Yes, Wells Fargo values diversity, equity, and inclusion in the workplace and welcomes applications from all qualified candidates regardless of their background.

Is there a support system for applicants with disabilities?

Yes, accommodation for applicants with disabilities is available upon request during the recruitment process.

Finance
Industry
10,001+
Employees
1929
Founded Year

Mission & Purpose

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.