Chief Financial Officer  Our Client an international bank, headquartered in Europe has retained our services to identify a Chief Financial Officer to be based at Mumbai.  Job Summary:  - The Chief Financial Officer (CFO) is responsible for providing total strategic and operations support to the bank.   - The CFO is responsible for supervision and control of finance, accounting, taxation, management reporting, compliance, asset- liability management. He would be the chief financial spokesperson for the bank.   Reporting directly to the Chief Executive Officer (CEO), the CFO directly supports the Business Heads on all strategic and operational matters relating to financing, accounting and controls, budget management, cost benefit analysis, annual and strategic planning and forecasting, MIS and operational controls.  Essential Functions:  - Reviews reports to analyze projections of business and profit against actual figures, budgeted expenses against final totals, suggest and implement methods of improving operating and monitoring processes as appropriate.   - Responsible for the timely and accurate preparation of all financial reports, including income statements, balance sheets, tax returns, and reports as well as all compliance matters to external investors and regulatory agencies.   - Develop and maintain systems of internal controls to safeguard financial and physical assets of the bank.   - Develop Risk management policies and implement effective Risk management framework (including Insurance etc.) and implementation of robust business controls.  - Drives cost management initiatives within the bank to achieve improving efficiencies within the bank.  - Oversees accounting departments, budget preparation. Meets regularly with department heads to keep informed and to offer direction.   - Oversee the coordination and activities related to the preparation of the annual financial statements is in accordance with laws of the land with supplementary schedules and information.  - Overall responsibility for the operation and maintenance of the ERP, its related controls (Segregation of duties etc) and defining limits and authorities for ERP tool and around it.  - To undertake and manage the treasury mid office responsibilities related to fund transfer pricing, incidental Profit and Loss reporting and other risk report.  - Compute the treasury P/L, by calculating the cost/value of funds for commercial business on monthly basis.  - Risk and other liquidity reporting.  - Ensuring accuracy of reporting and related disclosures.  - Improvements in systems and processes through adoption of best international practices.  - Handle all matters relating to taxation together with compliance in respect of all tax obligations (direct and indirect), assess tax risk, and assume controlling functions.  - Preparing tax plans and ensuring timely assessment and filing of direct & indirect tax returns including Sales Tax, Service Tax, VAT and TDS returns; appearing before regulatory tax authorities.  - Tax structuring.  Strategic And Tactical:  - Work with the CEO on the strategic vision including fostering and cultivating stakeholder relationships, as well as assisting in the development of business models and negotiation of contracts. Support in developing and implementation of the Strategic and Operating Plans.   - Participate in developing new business; support Business Heads in value creation and determining cost effectiveness of prospective service delivery.  - Confer with CEO and senior management of the company and division leaders to coordinate and prioritize planning.   - Analyze operations to pinpoint opportunities and areas that need to be reorganized, down-sized, or eliminated.   - Study long-range economic trends and projects company prospects for future growth in overall business opportunities for acquisitions or expansion into new product areas.   - Benchmark its own operations to the industry standards and the best in class and provide feedback to the senior management of the business  - Work with the Business Heads to ensure success through cost analysis support, and compliance with all contractual requirements.   General:  - Proactive and keenness to develop and deploy the latest management tools in the bank.  - Foster and cultivate business opportunities and partnerships.  - Create and assess financial statements and budget documents.  - Recognize and be responsive to the needs of all stakeholders  - Provide efficient leadership to the team  - Motivate the team.  - Pass on knowledge and expertise to team members. Mentoring.  - Supervise staff, including regular progress reviews and plans for improvement.  - Communicate effectively in both written and verbal form.  - Ideal candidates should be Chartered Accountants with at least 15 years experience in a similar function in a commercial bank.  Interested candidates meeting with the above requirements may please respond with a recent photograph and resume in word format

Mumbai

Chief Financial Officer - Bank 

Chief Financial Officer - Bank  ,Job Description for Chief Financial Officer - Bank  in Corporate Search & Placements Pvt. Ltd. in  Mumbai for (15-20) years of experience. Apply Now!

Job Description for Chief Financial Officer - Bank  in Corporate Search & Placements Pvt. Ltd. in  Mumbai for (15-20) years of experience. Apply Now!