Head - SAP Financials & Accounting - CA

Role Summary:

The incumbent will be responsible for managing work relating to audits, Driving automation & simplification projects, Support management decisions, Operations & systems related support to business teams. Drive SAP, Anaplan, Leasing system strategy, implementation, and delivery within the organization.

Operating Network

Team Members Internal Stakeholders External Stakeholders

LOB - SAP Finance function

National Managers across LOBs

IT, Operations & Legal SAP, Anaplan, Concur, Leasing & other systems providers,

Business Partners

Other vendors

Auditors

Area of Responsibilities:

Manage Statutory, Internal and Regulatory Audits:

- Manage Quarterly and Annual Audits relating to Loan Assets, Income, credit costs, Partnership payouts etc and ensure coordinated inputs for auditors along-with Business, Risk, Operations and Legal teams.

- Manage auditors interactions with respective LOBs on quarterly basis and facilitate required information, on timely basis with full accuracy.

- Ensure compliance to RBI guidelines and Indian Accounting Standards. Interpret new regulations and communicate to all internal stakeholders on financial impacts while ensuring agreement with auditors on implementation of guidelines. Review and align our accounting practices with competition. Support closure of all open items with auditors.

- Ensure timely action to close all issues raised by auditors to support clean audit report

Drive simplification & Automation Projects:

- Drive Automation Projects, including finalization of Vendor shortlisting, UAT, Go Live of various projects e.g. NPA policy change for write off cases in line with RBI directions, Changes required by regulatory guidance, Simplify & Automate accounting. Ensure regulatory requirements relating to audit trail are complied with, along with IT.

- Drive automation of Regulatory Reporting alongwith Business, Operations, Compliance, in collaboration with EY, e.g. ECL, EIR, STR/CTR, CRILIC etc

- Lead new developments in SAP S/4 HANA, Anaplan, HRMS, SAP, Concur, Leasing etc. Ensure enhancement of SAP to support business transactions

- Work alongwith FP&A to generate P&L Dashboard with branch wise P&L reports, ECL computation at branch level, spread analysis automation, itemization of Other Income etc

Support Management decisions and actions:

- Track & publish periodic MIS to leadership for Collections Drive including

- Publishing Key Collection Data pointers on a Daily,

- Monthly basis to Drive the Retail collections as part of collection Command Centre, including Net Slippages actuals and forecast,

- In-sight information for Top underperforming state/Branches,

- Tracking of Potential NPA and NPA movement numbers, LOB wise Bucket wise Resolutions ,

- Tracking Achievement v/s Forecast, BDR and Settlement Loss : Actual Collections v/s Target with STLM

- Potential Write off : Tracking of probable write offs numbers on a TOS / POS basis with STLM

- Tracking of Penal income, PI Allocation, Target and Achievement

- Sharing the data points to drive some key initiatives in relation to customer level loan accounts

- Stage - 2, NPA Slippage and Net Slippage Dashboard for Retails Products

- Analysis of collections efficiency, BDR, penal income to project credit costs.

Operational support to Business:

- Perform review of Indus Cash Collection on monthly basis. Raise amount to be recovered from vendors & inhouse team in case of short deposition of cash

- Implementation and stabilization of Incentive and Commission Management (ICM) for Dealer/DSA payouts, Retail agency collection payout. Auto invoicing from Anaplan to SAP for monthly expense provisioning and payouts. Ensure tax compliances are adhered at time of computation & payouts.

Integrity of financial statements:

- Ensure accuracy of financial receivables, income accounting, write off, recoveries etc. in financial statement. Perform periodic reconciliations and maintain checks and balances to ensure accuracy.

- Ensure accuracy of MIS & periodic report out by Biz Accounting team

Business Initiatives & projects e.g.

- Partnerships - Support setup of FLDG arrangements in consultation with Partners. Support finalization of commercial agreement with Partners alongwith Product & legal teams. Ensure compliance with commercial arrangements as per Partnership agreements. Ensure systems are setup to comply with commercial arrangement and auto computation of payable & receivable from partners.

- Perform monthly review of transactions, aging of partnership balances. Compute outstanding balances and get done monthly reconciliations with Partners, including projections for future periods. Highlight red flags in portfolio performance. Validate all payouts and recoveries from Partners.

- Project Shrii - lead finalization of Business & Risk Factors, circle ups and all sign offs from auditor in agreement with bankers and counsels. Get audits completed in line with SEBI guidelines and finalize restated financials with auditors and their Capital Market teams. Manage all ICA certificates in format agreed with bankers and counsels.

- Foreign Currency Bonds - Finalize Offering Circular for issuance of Foreign Currency Bonds alongwith Treasury, Legal, Counsels and bankers. Facilitate auditors sign offs on Comfort, Arrangement letters and circle ups.

Portfolio Sale & Purchase:

- Manage sale of delinquent portfolio to drive maximum profitability aligned to the business requirements. Ensure policy and regulatory compliances in relation to Portfolio sale & purchase transactions with prior approval of board approved authority. Identify pool for sale in consultation with Risk, Collections, legal and business teams. Closely work with bidders in valuation of portfolio and finalize sale agreements alongwith legal team. Negotiate and finalize commercials with bidders. Provide post sale support to buyer through Customer Services & Ops teams

- Support direct assignment on sale and purchase of Portfolio alongwith Treasury, Ops & Legal. Ensure accounting and upfront profit recognition, as agreed with auditors.

Minimum Requirements:

- Education: CA

- Experience: 15+ years of relevant Experience in Banking / NBFC industry

Travel Requirement Moderate:

- Knowledge - Deep understanding of various SAP modules, including S/4HANA, and expertise in custom development

- SAP Project and Program Management

- Ability to bridge finance and technology by managing financial software, analyzing data for strategic decisions, developing financial models, and overseeing financial systems to ensure efficiency and compliance.

- Understanding of system implementation, data analysis, financial modeling, vendor management, and ensuring the security and compliance of financial systems.

- Experience in finance and IT, strong analytical skills, proficiency in financial systems, and excellent communication abilities.

- Deep understanding of other systems like Anaplan, Leasing systems, Concur,

- Develop and execute the company's SAP, Anaplan strategy, ensuring it aligns with business goals

- Oversee the evaluation, selection, and implementation of new financial technologies and systems, and provide support for existing platforms

- Analyze complex financial data, market trends, and key performance indicators to generate insights and support strategic decision-making

- Manage relationships with technology vendors, including negotiating contracts and ensuring their ongoing supervision.

Skills & Competencies:

- Strong ability to manage profitability, customer satisfaction, and strategic initiatives.

- SAP FICO Modules Configuration, Customization and Implementation