Job Description
Finance aims to deliver world-class standards in reporting, financial planning, and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services
Job Duties & responsibilities
• Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and trend analysis on performance indicators
• Perform variance analysis and investigate discrepancies, providing explanations and recommendations to management.
• Preparation of annual audited financials (under Indian GAAP)
• Assist in the preparation of internal management reports and presentations.
• Ensure compliance with internal controls and accounting policies.
• Participate in the annual audit process, coordinating with external auditors and providing necessary documentation.
• Research and interpret technical accounting pronouncements and implement new accounting standards.
• Support the development and maintenance of financial reporting systems and processes.
• Collaborate with other departments to gather and analyze financial data.
• Capital adequacy preparation and analysis – under BASEL-3 and Pillar 3 reporting.
• Preparation of returns including DSB Returns, Form-A, etc.
Required Experience
• Minimum 8 years’ experience in the Finance Department of a bank / non-banking finance company in similar capacity.
• Well versed with banking products, accounting norms and regulations.
• Knowledge of statements and returns relating to the Financial Control function.
Education / Preferred Qualifications
• Chartered Accountant
Core Competencies
• Intelligence & Diligence: Ability to meet demanding deadlines
• Good attitude and should be a team-player
• Good communication and interpersonal skills
• Change / Innovation Orientation
Technical Competencies
• Prior experience in the banking industry as detailed above
• Familiarity of prevailing accounting and RBI framework
Job Duties & responsibilities
• Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and trend analysis on performance indicators
• Perform variance analysis and investigate discrepancies, providing explanations and recommendations to management.
• Preparation of annual audited financials (under Indian GAAP)
• Assist in the preparation of internal management reports and presentations.
• Ensure compliance with internal controls and accounting policies.
• Participate in the annual audit process, coordinating with external auditors and providing necessary documentation.
• Research and interpret technical accounting pronouncements and implement new accounting standards.
• Support the development and maintenance of financial reporting systems and processes.
• Collaborate with other departments to gather and analyze financial data.
• Capital adequacy preparation and analysis – under BASEL-3 and Pillar 3 reporting.
• Preparation of returns including DSB Returns, Form-A, etc.
Required Experience
• Minimum 8 years’ experience in the Finance Department of a bank / non-banking finance company in similar capacity.
• Well versed with banking products, accounting norms and regulations.
• Knowledge of statements and returns relating to the Financial Control function.
Education / Preferred Qualifications
• Chartered Accountant
Core Competencies
• Intelligence & Diligence: Ability to meet demanding deadlines
• Good attitude and should be a team-player
• Good communication and interpersonal skills
• Change / Innovation Orientation
Technical Competencies
• Prior experience in the banking industry as detailed above
• Familiarity of prevailing accounting and RBI framework
💡 Quick Summary
Seeking a career-building opportunity? The Assistant Vice President, Financial control & reporting, Group Finance position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.