Chief Manager/AVP - Finance & Accounts - CA - BFSI/NBFC

We have 1 very urgent position in one of the reputed BFSI / NBFC brand :

POSITION - Chief Manager / AVP - Finance & Accounts

CTC: Negotiable; based on current CTC, experience, education & interview status.

REPORTS TO: HEAD - F&A

REPORTERS : Team of Managers & below

DESIGNATION : Chief Mgr / AVP

LOCATION : MUMBAI

JOB DESCRIPTION:-

Key Responsibilities :

- Managerial Responsibilities - Review of CLIENT financials on regular basis.

- Review and monitoring of all MIS pertaining to F&A.

- Ensuring SOPs in place and practice for all key processes in F&A.

Functional Responsibilities : Ensure timely completion of monthly, quarterly and annual financial statements as per the timelines circulated by consol team.

- Preparation of projected Balance sheet and Profit and Loss account for necessary action and decision making.

- Back up for head of F&A and also for another senior member of the team.

- Board presentation on quarterly basis.

- Comprehensive receivable review report for debtors consist of,

- Long outstanding debtors

- Client debit balance with inadequate Stock/Nil Stock

- Monthly dashboard with action plan

- Review of credit balance

- Review of Provisioning System for Debtors (Accounts, MIS)

- Resolution of internal audit queries

- Managing Margin Call reports/group mapping/ Entity master.

- Ensure comprehensive provisioning of debtors consist of,

- Circulation of age-wise bucketing report for fortnightly and monthly to respective business team

- Appropriate provisioning in books for inadequate Stock/Nil Stock with requisite approvals

- Reasoning for provision with justification for overdue debtors if not provided along with mapping of collaterals

- Follow-up with business support/operation team for debtors ageing for provisions on monthly basis.

- Preparation of books v/s MIS Debtors provisioning reconciliation for BU entities on a monthly basis.

- Liasioning with Risk team for their provisioning nos. in recon file every month for ensuring correctness of numbers published for MIS.

- Responsible for reconciling/matching the MIS and accounting books number every month (MIS Vs A/c tally).

- Initiate various dashboards of F&A for management reporting purpose consist of,

- Internal Incidence Reporting & Review mechanism to filter out Reportable exceptions - ASC F&A

- Dashboard and Chart that can be presented to Higher Management on monthly basis showing summary of payments processed through online and offline mode bifurcating - payment beyond and within time summarized to give monthly count, amount, and percentage

- Ensure smooth completion of the statutory and internal audit without much observation related to concerned areas.

- To prepare and finalize SOPs related to concerned areas.

- To automate various projects of ASC- F&A as an when required.

- To review lower TDS application data before submission to Central F&A Tax team for submission to IT department.

- Give guidance to junior staff for his professional growth and development.

- Review of CSR details, XBRL details and other reports as per the requirement from other verticals.

- Ensuring and monitoring of control environment over financial operations and financial reporting in keeping with the best practices.

- Oversight of Financial Operations, Internal Controls, and Co-ordination of all Financial and Internal/External audits.

Job Requirements

Qualifications Chartered Accountants

Experience - Minimum Experience: 8 years

- Minimum Relevant Experience: 5 years

Functional Competencies - Understanding of commodities, warehousing business.

- Adequate understanding of Financial Statements (Indian accounting standards), (IND-AS) and routing accounting function.

- Advanced level knowledge of Accounting Systems, Microsoft Office, and Oracle System.

Behavioral Competencies - Strategic Thinking.

- Good Communication Skills (Written and Verbal).

- Analytical Skill.

- Risk Management and Control.

- Team Management.

- Problem Solving Attitude/ Customer Centricity.

ANY INDUSTRY: BFSI preferred ( NBFC, Bank ).

- Exp- Preferred between 8 to 12 yrs. Minimum 5 yrs

- V V IMPORTANT: Looking for someone with the Strategic role, someone who has laid processes and System, SOPs, MISC, Good in giving a presentation.

We will call you back if your cv matches the criterion of the client. Please Mention your current CTC and current LOCATION in the body of the mail- .for candidates who want to relocate, pls mention a reason for the same.

TCPL