Natixis in Portugal is fully integrated in the global organization of Natixis, a French multinational financial services firm specialized in Asset & Wealth Management, Corporate & Investment Banking, Insurance and Payments. A subsidiary of Groupe BPCE, Natixis counts nearly 16.000 employees across 38 countries.

Based in Porto, Natixis Centre of Expertise mission is to transform traditional banking by developing innovative solutions for the bank’s business, operations and work culture worldwide, as a key driver of the company’s culture of agility and innovation. Teams of IT and Banking Support Activities work in an integrated, inclusive and transversal way, supporting all the business lines and country platforms.

Natixis in Portugal is the best combination of a “start-up mindset” with a large, solid structure. Its unique culture gives true meaning to a “beyond banking” personality: to be a real entrepreneur, self-challenging, ever striving to excel and go that extra mile.

The Accounting team is responsible for the quality of data populated in the Finance downstream systems.

You will be responsible for performing accounting controls on behalf of Natixis New York branch. You will also be responsible for the monitoring of transactions recorded in the Loan Management System and Trade Finance tools by the Ops Teams.  

You will be the Single Point of Contact for the Back Officers and for the several data consumers (Finance, Risks, Front Office).

You will bring your expertise to Back Officers explaining the impacts of the transactions recorded in the loan management tools.

Essential duties and responsibilities

Responsible for the controls on behalf of the New York branch

• Confirm IFRS9 compliance of sell downs
• P&L Impact following Risk Participation sell
• Fees Held Awaiting Disposal Monitoring (temporary account for upfront fees)
• Perform consistency controls on secondary sales (discount, fees)
• Analyze the variations of daily amortization of participation fees using the Effective Interest Rate method
• Analyze the rejections (Flows of different types: Event, Inventory) in Picasso (tool which carries out processing controls, enrichment, transformation and accounting interpretation to feed the recipient systems)
• Propose the implementation of all relevant new controls

Point of contact with the Operations Team in the New York branch

• Monitor the corrections of errors which are the root cause of rejections
• Provide trainings to Ops Team to upgrade their accounting skills
• Organize best practices sessions to explain the accounting impacts of the transactions in Loan IQ
• Manage Key Performance and Risk indicators
• Develop and maintain strong collaborative relationships with the Operations, Finance, Audit Teams in New York

• Degree/Master in Finance or related business field (MBA a plus). 
• A minimum of 5-7 years of experience in a commercial bank working in finance and/or operational control;
• Fluent in English and a level Intermediate in French (mandatory)
• Fee Management
• Understanding of IFRS9 Compliance
• Understanding of Financing transaction activities (Syndicated, Bi-lateral loans, various fees, etc.) and Trade Finance operations (Stand by letter of credits, undertakings issued and received)
• Strong knowledge of MS Office applications: Excel, PowerPoint, and knowledge in VBA
• Knowledge of Loan IQ or FBTI (would be a plus)
• Focused on results, keen on investigations
• Act independently and possess strong written and verbal skills

Early morning. Campo 24 de Agosto. In 4 minutes, you are clocking in at the office. After grabbing a cup of coffee and fresh fruit, pick up your laptop and choose your spot for the day. It's going to be a busy one: French class before lunch and, just after, quick medical appointment at Natixis doctor's office. Lunch break. Outside in the big terrace (look at your crops at the Urban Garden; ready to harvest!) or, if you feel like stretching your legs, walk downtown to grab lunch. 

Back inside. Quick sprint review (working together anywhere means virtual happy birthday to that colleague in Paris that just turned 35). The afternoon went flying (tasks, reports, calls, some jokes with your teammates). End it on a high note: just one PlayStation game or the final match for that ping-pong tournament. 

Tomorrow, you complete that certified technical training and the day after, you will work from home, taking advantage to finally do that online course on Udemy. Once you are done with your tasks for the day, you can visit the office for a board games session or show up at the rehearsal of one of Natixis bands. If that is too steady for you, meet your colleagues to surf some waves or join them in a football match.