Accounts Modelling Manager IND

Job Purpose

The role is for an experienced OSBI Team Manager to lead a talented team and support our off-shore team in delivering high-quality modelled outputs for loan portfolios.

This entails overseeing the OSBI team and ensure the accurate delivery of Effective Interest Rate (EIR) Accounting and Fair Value Accounting modelled outputs each month.  Monitoring and analysing customer payment behaviour, focusing on Cumulative Prepayment Rates (CPR) and retention modelling to enhance forecasting accuracy.  Preparing and presenting insightful committee papers while collaborating closely with external auditors.  Identify and implement opportunities to develop and refine financial models that support strategic decision-making across the Group.

Responsibilities

Financial Instrument Accounting & Modelling

• Align EIR and Fair Value accounting methodologies across the Group in line with integration plans.
• Own and manage EIR modelling, CPR modelling, and fair value accounting, ensuring accuracy, governance, and compliance.
• Process and validate raw data before ingestion into financial models.
• Define and execute modelling assumptions, ensuring alignment with policies and governance.
• Provide final month-end outputs for Finance Control and General Ledger updates to aid smooth month end closure.
• Conduct sensitivity analysis for external financial reporting.
• Monitor and report on EIR trends related to Group balance sheets (CCFS and OSB).

Governance, Compliance & Reporting

• Maintain and develop EIR models in line with accounting standards.
• Establish robust control frameworks around accounting models and input/output data.
• Ensure effective EUDA (End User Developed Applications) controls are in place.
• Prepare and present committee papers for assumption or policy changes.
• Lead reporting to Asset and Liabilities Committee (ALCO) and Group Audit Committee, providing key insights on lending balances and associated risks.

Team Leadership & Stakeholder Collaboration

• Manage the day-to-day BAU including task allocation to team members and monitor progress
• Ensure direct reports are trained and up to date on modelling procedures.
• Work closely with Financial Planning and Capital Markets teams to ensure consistency in EIR and Fair Value modelling.
• Engage openly with Internal and External Auditors, addressing findings and implementing improvements.
• Performance management including SMART objective setting for direct report and monitor progress through regular one on one
• Provide impact analysis and bespoke modelling scenarios for ongoing projects and regulatory reviews.

Risk & Compliance

• Identify and assess business risks arising from EIR and CPR movements.
• Ensure compliance with Risk Management and Data Governance policies.
• Complete all mandatory training modules and attestations to maintain company compliance standards.

PERSON SPECIFICATION:

Manager - Accounting Models - India

Applicants must be able to demonstrate the following skills, competencies and experience:

• Excellent IT Skills in the advanced use of Microsoft Word/Excel are essential
• Excellent VBA skills are desirable
• WPS / SAS / sequel coding is essential.
• Excellent verbal communication skills are essential
• Good written communication skills
• Good organisational skills and attention to detail
• Ability to manage conflicting priorities
• A willingness to learn, voice ideas and take responsibility for outputs

Experience

• 5 years previous experience of working in a Financial Services industry especially within modelling,  reporting function or any function working with big data is essential
• 3 years previous experience in a role related to financial model design, build, maintenance (including EUDA controls) and execution
• 5 years previous experience of working in an accounting function is essential
• 2 years’ experience of managing audit requests is essential
• 2 years’ experience of EIR and Fair Value accounting processes is desirable
• Prior experience of  working in Global Delivery Centre is preferred.

Qualifications

• CA/CPA/CFA or equivalent degree in finance
• Certification on Data science or analytics is desirable

Knowledge Requirements

• Excellent knowledge of mathematical modelling is essential
• Excellent knowledge of NPV, PV, IRR and other related calculations
• Good knowledge of Mortgage Product Economics including CPR calculations is desirable
• Good knowledge of the mortgage servicing process and systems is desirable
• Good knowledge of applicable IFRS and IAS is desirable
• Up to date knowledge of regulatory framework is desirable.

Responsibilities on Information Security Management System (as per ISO 27001 Certification Requirements)

• Ensure strict adherence to company’s security policies and procedures (for ex: Password policy, clear screen and clear desk policy, etc.)
• Take ownership of all the assets/information assigned and secure it in compliance with ISO 27001 standards implemented in the company.
• Co-operate and co-ordinate for the internal audits conducted in the company (complying to ISO 27001 standard).
• Report to the Incident Response Manager, any incidents you come across in the office with regard to Security threats like threats to physical asset & stored information or any risks detrimental to the Security Policies of the company, etc.,.