Financial Reporting Analyst

Job Title: Senior Financial Reporting Analyst

Business Unit: Finance

Function: Financial Control, Regulatory Reporting & Taxation

Sub Function: Financial reporting

Experience (Min to Max): 4 - 5 Years

Location: Mumbai

Educational Qualifications: CA

Job Description :
• Financial reporting as per the Indian GAAP & complete understanding of Ind AS as applicable for banks
• Ensuring timely closure books of accounts (monthly & quarterly), preparing annual financial statements and disclosure in Notes to Accounts
• Co-ordination with the Statutory and Internal Auditors and to ensure timely completion of Audit.
• 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.
• 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, rationalisation 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

An Ideal Candidate should possess:
• 3 – 5 years of Banking experience in Financial reporting
• Knowledge on accounting Software-Implementation
• Experience in Financial Reporting & Audit
• Experience in RBI Reporting & Finance Control Compliance
• Working knowledge of IFRS accounting standards
• Experience in Policy Formation in compliance with RBI Guidelines
• CBS/GL Knowledge

Industry Preferences :

Banking, NBFC