Team Leader Jobs at Bank of America (Hyderabad) | ₹4-8 LPA

About Bank of America

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth and deliver for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We foster an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. We value the unique perspectives individuals bring from all backgrounds and career paths, whether shaped by military service, community college education, or a wide range of work and life experiences.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing flexibility based on role-specific responsibilities and business needs.

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. In India, we operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation.

Process Overview

The Global Finance was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management.

Job Description

This role is that of a SME in the Recons domain. It involves preparation and review of reconciliations of Balance Sheet Accounts of Bank of America, adhering to Account Reconciliation Policy (ARP) and Account Reconciliation Standards (ARS), and completing them in a timely manner to ensure all process SLAs are met. The associate must investigate and report any breaks to business partners to allow adequate time for investigation. A sound understanding of accounting fundamentals is required, along with the ability to communicate and explain account activity to internal and external audit queries via email or telephone. Exposure to Six Sigma and other quality or emerging technology improvement tools would be an added advantage.

Responsibilities

• Ensure reconciliations are performed as per procedures and standard policies.
• Understand and record the balance sheet account transaction flow on accounts in process procedures.
• Meet the targets assigned in accordance with SLAs.
• Follow up rigorously with LOB on open items and get required documentation for aged items as per defined timelines.
• Ensure quality of reconciliations is maintained as per predefined parameters.
• Have an excellent understanding of different balance sheet reconciliations.
• Identify potential areas for process improvements, risk reduction, and non-compliance, and highlight them to the supervisor.
• Provide relevant process reports on a daily basis.

Requirements

Education: B.Com / M.Com with MBA (Finance) / Qualified CA / CA Inter / CA Group-1

Experience Range: 0-3 years of Balance sheet reconciliation experience

Foundational Skills

• Excellent understanding of accounting concepts
• Good exposure to Balance sheet reconciliation domain and tools
• Strong analytical and problem-solving skills
• Good communication skills
• Effective communication and leadership abilities

Desired Skills

• MS Excel
• Python Coding

Work Timings

02:30 PM to 11:30 PM IST, with weekend off