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FINANCIAL CONTROLLER


Source:
TIMESJOBS.COM
Location:
Bengaluru, KA
Date:
15-11-2016
Job Code:
58293152
Categories:
  • Banking & Finance
Applying for this job will take you to an external site
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Job Details

Key Responsibilities A. Oversight of Accounting Function Responsible for preparing monthly/quarterly /annual financial statements like Balance sheet, P&L, Cash Flow for presentation to the MD, Audit Committee and the Board to ensure compliance with accounting standards and RBI guidelinesEnsure appropriate income recognition, expense accrual and NPA accrual across the operations of the Bank; Maintain strict oversight on financial integrity viz inter-branch transactions, ageing and suspense accounts and coordinate remedial action with Operations/BusinessLiaise with accounting function of holdco to facilitate consolidation of accounts and exchange filing as well as investor relations supportProvide guidance on product accounting.B. Supervision of Statutory Audit & other audit support To liaise with statutory auditors for completion of quarterly/ annual statutory and tax audit and liaise with statutory auditors of holdco as necessary for consolidationAssist in preparation of LFAR and ICAAPLiaise with internal and concurrent auditors on accounting issuesC. Regulatory Reporting Responsible for timely and accurate preparation, submission and query resolution of RBI on all reports incorporating financial information; play a nodal role in automation of financial regulatory reporting covering all aspects such as balance sheet, capital adequacy, provisioning, profitability etcPlay a nodal role in compilation of information for annual regulatory supervision, submission of information related to the same including LFAR and ICAAP and RBI quarterly or other meetingsWork in conjunction with the Compliance Department to follow all applicable regulations and guidelines related to Finance and support the CFO in this effortEnsure correct computation of statutory liabilities viz SLR, CRR, PSL, Open position limits etcD. Tax Ensure adherence to timelines in filing income tax, service tax, wealth tax returns and coordinate sales tax and VAT complianceEnsure compliance with all tax reporting requirementsOversee adherence to tax laws to appropriately reflect a true and fair positionAsist CFO in representing the Bank before the Tax and appellate authorities and attend hearings , liaise with CounselE. Treasury Middle Office Assist in correct position and price verification of all balance sheet exposuresEnsure correct MTM of positions and accurate reporting of price and liquidity riskSupport the Treasurer and the Planning function for preparation of ALCO decks, by providing accurate supporting financial informationEnsure correct reporting of NDTL< SLRAssist Treasurer in providing financial information to Banks, Rating Agencies and other CounterpartiesEducational Qualifications & ExperienceChartered AccountantAt least 10 years experience in a Bank/large NBFC, with 5 years as no 2 to Chief Accountant or Controller in a large private sector or foreign bank. Experience of supervising a team for 5 years . (Alternatively can consider a person from audit practice of a Big 4 who has audited banks extensively)
Degree: CA (Chartered Accountant)

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 10-15

Requirements

Taxation | Credit Control & Collections | Financial Analysis | Treasury Operations
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