Job Details

Team Lead - Banking

Location: BANGALORE, KARNATAKA

Date Opened: 12/20/2018

Job Type:

Job Number: 18000EP9

Job Description

Company Description


Hudson's Bay Company (HBC) is in India! We are in the process of setting up an integrated Global In- House Center, (GIC), in Bangalore to build a corporate team who will play an important role as HBC executes its strategic plan. This center will house approximately 450 highly talented individuals in the first two years and the office has potential to expand as the business grows. We will begin to build our team in Bangalore focused on Information Technology, Information Security, Finance and Accounting, and may then scale the operations to build capabilities in various other functions.


Hudson's Bay Company is one of the fastest-growing department store retailers in the world. In North America, HBC's leading banners include Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Find @ Lord & Taylor, and Home Outfitters. In Europe, HBC's banners include GALERIA Kaufhof (the largest department store group in Germany), Galeria INNO (Belgium's only department store group), and Sportarena. At HBC we are a company of adventurers who explore uncharted territory, challenge convention, and work with imagination and fun.


Reporting Relationships: The Team-Lead Banking & Treasury is a management role within the HBC Record-to-Report team reporting to the Director, Record-to-Report


Major Responsibilities

 

The Team Lead – Banking is responsible for all aspects of service delivery by the HBC team in support of the company's Banking & Treasury processes. This role will be the responsible for day-to-day management of the HBC India Banking team, and must demonstrate a high degree of customer orientation to meet the needs of internal customers / business partners with the Finance team, as well as other internal and external stakeholders. The position will provide management and oversight over the Banking activities performed by HBC India including all banking / cash journal entries, bank reconciliations, recording of cash deposits and reporting related to banking / cash activities. This individual will be responsible for the overall quality of service delivery for the Banking team, including acting as an escalation point to resolve and correct any issues / concerns raised by the global Finance teams.

 

Primary Role responsibilities include:


Oversee team responsible for daily, monthly Banking activities in a timely and efficient manner and in full compliance with HBC policies and procedures

  • Achieve daily processing targets
  • Ensure adherence to Financial and Accounting policies, internal control and audit requirements, and service standards at all times
  • Analyze and research all discrepancies/exceptions in the process
  • Effectively plan, prioritize and execute everyday floor operations
  • Consistently monitor key performance parameters of the process and identify and implement new ways to improve the quality of work as well as the means of working on processes
  • Interact with Internal / External auditors as required
  • Manage HBC resources to support Banking / Treasury activities including:
    • Cash and Banking Transaction processing
    • Store deposit, Bank, and Credit/Debit reconciliations
    • Daily cash receipts / deposits, including accounting
    • General ledger entries for cash funding, cash sweeps, miscellaneous deposits and foreign exchange transactions
    • Bank reconciliations
    • Daily cash reporting
  • Collaborate with internal and external stakeholders to enable the GIC to succeed as well as build the employer brand in the community
  • Support effort in building a high performing team and implement strategies to retain talent
  • Trains, coaches, mentors and directs the work of direct reports 

Additional Role Responsibilities: India

 

This role will also form an integral part of the HBC Finance team in providing insights into building out a successful HBC GIC.

Job Qualifications

Personal Characteristics

 

The successful candidate must be a proactive self-starter with a dynamic and resilient nature able to work and lead in a fast-paced environment. He/she will possess excellent communication and interpersonal skills in order to engage with stakeholders across the business and provide critical input to business teams. This individual will have a demonstrated ability to manage multiple priorities simultaneously with strict adherence to deadlines.

 

Professional Qualifications

  • Strong financial aptitude with minimum 8 years of work experience in Corporate Finance with MNCs/GICs, with preference to Retail industry focused on Accounting, Banking and Treasury functions
  • Minimum 3 years supervisory / people management experience
  • Experience in Oracle ERP (Oracle Fusion Preferred) and both US and Canadian Bank systems
  • Strong proficiency in Microsoft office suite (Word, PowerPoint, Excel)
  • Six Sigma certification or equivalent process improvement methodology required (Black belt preferred)
  • Demonstrated expertise in design and implementation of financial processes and technology
  • Demonstrated success in Leading and managing teams and directing multi-functional business units
  • Strong working experience in Banking / Treasury processes

Educational Credentials

 

B.Com (Mandatory) or MBA Finance (preferred)

Chartered Accountant (preferred)


Office Hours

Shifts can vary based on organizational needs 

 

NOTE: HBC welcomes all applicants for this position, however, only those selected for an interview will be contacted.