AVP - Corporate Accounting - BFS

Corporate Accounting and GL Management vertical cater to the Financial Reporting requirements for the Bank. Its second line of defense working hand and hand with Business , Operating units and other Control Groups. The unit is further bifurcated into Financial Reporting team and the Controls and Governance team. Both the teams collectively and largely ensure :

- Preparation of Stand Alone and Consolidate Financial Statements

- Augmenting bank wide controls towards mitigating/ minimizing Financial Reporting risks

- Advising Operating Units on Accounting treatment for various business as usual events which triggers a need for accounting it in the Bank's books

- Liasoning with Statutory Auditors and Regulatory Inspection teams

- Feeding Top Management with relevant financial prognosis and matrices

- Finalizing various notes which is put up to the Bank's relevant governance forums ( such as AMCOM, ACB, Board and so ) either as an update / approval of propositions from Financial Management perspective.

Job Role, descriptions, key components

The Incumbent is required to :

- Set up the center of excellence wherein he/ she will :

- Identify and work with teams for various action-oriented dashboard for CFO and other leadership within Financial Management Group

- Continuously do process re-engineering to bring in efficiency in routine processes followed in the area of Financial Reporting & Financial Controls.

- Continuously augment entity level controls to mitigate/ minimize financial reporting risks.

- Work with various units to ensure the top management is fed with timely updates on Financial Matrices so that action is much more pro-active

- Drive various agenda currently housed under Financial Control and Governance vertical such as GL / Internal Account opening , annual review of account ownership and attributes, quarterly - half yearly substantiation exercise , related party transaction monitoring framework and so on