Chief Financial Officer
The incumbent at this position will be responsible for the fiscal health of the organization. He/she will work towards planning, implementation, managing and running of all the finance activities of Company, including business planning, budgeting, forecasting and negotiations
Primary Job Duties/Responsibilities
The key job duties/responsibilities are enumerated below:
Financial Control:
- Formulate the accounting policy of Company, maintaining the internal accounts and reporting of financial results through various statements of accounts
- Work with other departments within the bank to develop risk management strategies and ensure that the bank is protected against potential financial losses
- Flag operational/market risk to the finances and develop strategies to counter / mitigate the same
- Ensure compliance with financial regulations and standards
- Evaluating tax refunds, collecting delinquent taxes, and filing tax returns. Compiling and presenting detailed tax audit reports
- Completely hands on with Annual Statutory and Tax Audits and Finalization of Reports Financial Planning:
- Work closely with the top management and other members of the leadership team to develop and implement financial strategies that align with the organization's overall goals and objectives
- Develop and manage the budget for the organization, including forecasting future financial performance and identifying areas for cost savings
- Oversee the policy work relating to budget, including consolidation of budget for the bank, notes to Board, sanction of additional budget, review, and amendment of expenditure rules
- Oversee the budget process, collect inputs, and compare Company’s actual performance vis-à-vis the budget estimates
- Prepare the policy and broad guidelines regarding Business Continuity Planning (BCP) and liaise with Risk Monitoring Department to frame strategies for BCP
- Make decisions regarding allocation of financial resources and ensuring that the organization uses its resources effectively
- Accurate and timely statutory reporting of financial information of Company
- Communicate Company’s expected and actual financial performance to relevant stakeholders
- Overseeing the treasury & resource raising functions.
- Candidate should be a qualified Chartered Accountant / Cost Accountant / MBA (Finance) or have equivalent professional certification
- Minimum 15 years of experience in overseeing financial operations in domestic / foreign banks / financial institutions / reputable financial companies / financial services organizations / reputed public or private corporates, of which a minimum of 5 years should be as a full time Chief Financial Officer or Deputy to Chief Financial Officer or an equivalent position
- Must be able to think strategically and develop long-term financial plans that align with bank’s overall business goals
- Strong understanding of financial principles is a must
- Experience in resource raising will be an added advantage