Corporate Financial Analyst

Job description

Job Description 1. **POSITIONDESCRIPTION** JOBTITLE CorporateFinancial Analyst GRADE SM DEPARTMENT Financeand Accounts LOCATION HO SUB-DEPARTMENT Regulatoryand Financial Reporting TYPEOF POSITION Full-time REPORTSTO ManagerRegulatory and Financial Reporting REPORTINGINTO NA **ROLEPURPOSE OBJECTIVE** - Responsiblefor preparing the Quarterly Ind AS financial Statements alongwith Notes to accounts as per Banking Regulation Act and workingwith Statutory Auditors for audit Closure with no or minimumaudit observations. - Timelypreparation of regulatory returns / Certifications / regulatoryfilings (related to financial numbers) for onward submission tothe RBI. Must have strong understanding of trail balance,accounting entries and conceptual knowledge of financialstatements. - Assistanceto Manager- Regulatory reporting/Deputy CFO on various projectsinvolving process streamlining and coordination with variousdepartments. - Ensuringtimely closure of all statutory audit observations, coordinationwith various intra and inter departments to get response andprovide periodical update to the Board/ Top Management. SIZEOF THE ROLE FINANCIALSIZE NON-FINANCIALSIZE - NA - Preparationof regulatory reports- 8 to 10 adhoc and 3 to 5 regular returnper quarter - Assistancein creation of Policies and Process 5 to 7 per year KEYDUTIES RESPONSIBILITIES OF THE ROLE Financials - Preparationof Ind AS (fit for consolidation) financials along with Notes toaccounts as per Banking Regulation Act and getting it reviewed bythe Statutory Auditors during Quarterly/yearend. The roleinvolves direct interaction and working with the Auditors. - Liaisoningwith Statutory Auditors and ensuring closure of Long Form AuditReport/ other applicable certifications as per RBI norms onregular basis. - Performinganalytical reviews of month on month and quarter on quarternumbers, variances and present to the CFO/Top Management - Musthave strong knowledge of accounting standards (both IGAAP Ind-AS), accounting entries concept, Companies Act 2013, taxationlaws (both direct and indirect tax) etc. RegulatoryFilings - Timelypreparation of regulatory returns / Certifications (related tofinancial numbers) reconciliations. Must have strongunderstanding of trail balance, accounting entries and conceptualknowledge of financial statements. - Workingwith all the relevant departments to get relevant data for theabove returns, validating the same and ensuring accuracy offiling to the RBI. - RBIInspections Preparation (wherever required) andco-ordination with all the sub-departments in Finance forcollating the data for RBI inspections. - Ensuringaccuracy of returns/regulatory filings related to financialstatements, while its preparation. The person would beresponsible and accountable for correct preparation of returnsand will be the first line of defense for accurate filing to bemade to the regulatory authorities. The regulatory reporting tothe RBI carries reputational risk for the organization and anymistakes/observations/escalations are viewed very seriously andmay have penalty implications on the Bank. InternalProcesses: - AssistingDeputy CFO and Manager- regulatory reporting in various processimprovements/ projects, understanding existing processes of theorganization, and should be able apply analytical skills tosuggest improvements in the processes and develop efficiency. - Annualreview and streamlining the processes/ SOP within department. - Coordinatingwith various teams/departments within the organization to ensureall information to RBI authorities and Statutory Authorities areprovided on time. LearningInnovation - Tokeep oneself up to date on relevant regulatory updates and Ind ASamendments - Tocomplete all online learning modules on time - Tocomplete the self-assessment on time Customer - Roleinvolves direct interaction with Statutory Auditors, gettingfinancials reviewed and audit closed with minimum or noobservations. - Attend and assist to anyrelated queries of the RBI related to the filings made.