Job Description
Role Purpose The position is responsible for all aspects of financial management,corporate accounting, preparation of financial statements as per applicable accounting standards, regulatory and financial reporting, development of internal control policies and procedures and managing Mid - office treasury operations.
It is also responsible to partner and work with business functional leaders, Regulator, RBI/CAG/Statutory/Internal/CAS Auditors and other stakeholders to achieve Controllership objectives in a manner which benefits the organization
Role Accountability 1. Manage all accounting operations including Billing, A/R, A/P, FA, GL , Expense, losses, Revenue Recognition, Banking & Treasury as per applicable accounting standards and RBI/SEBI/other regulatory guidelines
- Review books of account/monthly/quarterly/annual Financial Statements and check compliance to IND AS and erstwhile I-GAAP
- Ensure timely repayment of vendors (domestic & foreign) within agreed TAT,and oversee reconciliation of collections from customers spread over 150 locations and 14 alternate payment channels etc.
- Ensure all post listing compliances related to RBI/SEBI/Companies Act including quarterly SEBI reportings and newspaper results in compliance with applicable accounting standards and SEBI listing rules.
- Ensure timely reports (T-1) to RBI (like monthly P&L Account, Balance Sheet, Asset Classifications, Borrowings, ALM returns etc.), to SBI (like Consolidated Financial Statements, IFRS Financials, CRAR), Fixed asset accounting as per IND AS & IGAAP for Asset capitalization, Retirement, Depreciation & cost adjustment.
- Lead & Manage the CAG & RBI Audit for Financials, responding to all the audit issues, preparing satisfactory management response to close the audit issues; partner with Statutory Auditors for quarterly and annual statutory audits
- Ensure all the balance sheet account reconciliations (500+) are reconciled as per policy, reporting out un reconciled account to management & ERMC, closely working with business to ensure the closure of un-reconciled account well within time
- Identify the process issues or risks, propose with solution and escalate to the management, enhance controllership and drive process improvement continually in all controllership areas; review and update all the SOPs, RCSA, Policies & Accounting SOPs/manual
- Oversee effectiveness and efficiency of existing e-finance systems (such as Oracle GL, AR, AP, FA, V+, Transaction Code Alignment in Vision Plus, Tran Code Allocations to businesses) and periodic updates; for new product implementation, provide advisory support to ensure no revenue leakage and adherence to any statutory requirements
- Oversee process documentation and compliance adherence 11. Oversee all mid-office treasury operations including preparation and submission of management and regulatory reporting, policies, SOPs
Measures of Success(Define the Outcomes expected of the role) 1. Meet Controllership Key Matrix - Correct & timley Reporting (RBI/SBI/GE), 0% aged unreconciled accounts, 0% non-compliance, Clean/satisfactory & timely audits, timely & correct payments
- Uninterrupted fund supply to business, Optimum COF, optimum returns on surplus funds, no triggers breach, timely policy reviews/renewal
- Partnering with Business for strengthening upstream controls in cross functional processes, providing required support for their initiatives/system changes & promoting controllership objectives with their support
- Number of opportunities to save costs/increase revenue/avoid losses or leakages/increase effciency etc.
- Ensure smooth closure of statutory, regulatory & internal audits on time with satisfactory rating / no qualification
- Timely and accurate updation of process documentation
- Process Adherence as per MOU
Technical Skills / Experience / Certification (If any) 1. Demonstrated proficiency in applicable accounting standards, Companies Act, SEBI and RBI Regulatory requirements
- Demonstrated knowledge of finance ops
Competencies critical for role with High Proficiency Influence and Negotiation
Teamwork and Collaboration
Problem Solving
Stakeholder Management
Key External Stakeholder(s) Auditors (CAG, Statutory, RBI)
Key Internal Stakeholder(s) Asset Liability Committee (ALCO), Audit Committee, FHs
Must have Qualification CA
Over All experience in role 15-18 years of post qualification experience
Relevant Experience with respect to the role 10 - 12 years of experience as Finance Controller in finance/accounting/ audit in Big 4/ large company or Multinational Companies
