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30/12 Dheeraj Walia
CEO at Steps

Views:3495 Applications:682 Rec. Actions:Recruiter Actions:70

Vice President/Assistant Vice President - Financial Reporting - Bank (8-13 yrs)

Mumbai/Navi Mumbai Job Code: 877381

Given below the position details with a Leading Bank.

Mandatory Requirement in the Candidate Profile - CA and Financial Reporting exp in Banking and Financial Industry

Job Title : VP/AVP Financial Reporting

Function : Finance

Location : BKC Mumbai

Job Description :

- Preparation of Standalone and Consolidated Financial Statements of the Group including Cash Flow Statement & disclosure in Notes to Accounts.

- Complete knowledge of Indian Accounting Standards (IndAS) and RBI guidelines impacting financial reporting process of the Bank

- Reconciling the Intercompany transactions, regular review of balances in suspense/sundry accounts, long ageing in intermediary accounts etc.

- Analytical Review of Bank and Subsidiary Financial reports for decision making

- Co-ordination with the Statutory and Internal Auditors to ensure timely completion of Audit.

- Interacting with the RBI inspection team and submission / explanation of financial reporting related data points.

- Preparing various notes for submission to the Audit Committee/Board on Related Party Transactions, Proposed Dividend, Note on suspense/sundry accounts, Auditors remuneration etc.

- Analytical Review of the Financials for decision making.

- Regular review of operating expenses, fixed assets register, capitalisation of fixed assets.

- Co-ordinate, review and provide support through appropriate inputs/financials to the teams for the yearly/quarterly MIS reporting.

- Implementation of accounting related projects in various systems like CBS, Trade, Misys etc. for wholesale & Retail segments and also providing ongoing support for accounting related matters across the systems and products in the Bank

- Reviewing product notes, designing accounting entries for the new products.

- Process improvements, risks and controls assessment from the financial reporting perspective.

- Building controls around GLs to prevent fraudulent/misuse of GLs, rationalization of GL accounts and Chart of Accounts.

- Assisting in Strategic initiatives like mergers & acquisitions, portfolio acquisitions, corporate restructuring etc.

- Automation of manuals activities/compilation of data, system enhancements from accounting perspective

Candidate Profile :

- Strong Banking experience in Financial reporting

- Knowledge on accounting Software-Implementation

- Experience in Financial Reporting & Audit

- Experience in RBI Reporting & Finance Control Compliance

- Thorough knowledge of IndAS

- Experience in Policy Formation in compliance with RBI Guidelines

- CBS/ GL Knowledge

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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