CFO - GM - Accounts - Thoothukudi, India - Randstad India

Description

Please note: Only candidates meeting the specified criteria will be contacted. Thank you for your understanding.

Position - GM - Accounts

Location - Thoothukudi, Tamil Nadu

Experience - 15+ years

Qualification - Qualified Chartered Accountant

Industry - Banking sector only

Fifteen years of experience in overseeing financial operations in the Bank (of which five years should be at Senior Management level), preferably accounting and taxation matters. Work experience at Treasury/Financial Management/Risk Management /Credit

Administration will be an added advantage

Role of Chief Financial Officer:

• Managing the financial affairs, including management and statutory accounts together with longer term financial projections and to ensure that the most efficient and effective financial control systems and reporting mechanisms are in place.
• Preparing the year-end financial accounts for audit and to liaise with the Auditors prior to finalisation.
• Liaise with Inland Revenue, Customs and Excise, Income Tax Department and the Auditors.
• Takeover all GST mattersand keeping abreastof current GST legislation.
• Managing all external contracts and to ensure that all the banks expenditure is correctly authorised and accounted for.
• To ensure the overall smoothrunning of the banks internaladministration and its cost- effectiveness.
• To ensure the banks legal responsibilities are met, in particular that all necessary insurance is properly in place.
• Direct accounting processes, overseeing the compliance of applicable legal regulations. perform all kind of banking and financial operations.
• To follow the Long Form Audit report submitted by statutory auditors.
• Implementation of Ind As.
• Developing financial strategies at an organizational level by leading financial and accounting information, analysis, and recommendations to strategic thinking and direction of the Bank.
• Participating in the corporate decision-making process as a member of the management team with joint responsibility for the development of long-term corporate strategies and company policies.
• Management and Information Analysis: will be an advisor to the top management for providing financial insights on the following: competitive benchmarking, performance analytics, forecasting and budgeting, headcount and compensation forecasting, balance sheet management / ROE, unit costing, client profitability, regional profitability and product profitability. The Chief Financial Officer will also leverage corporate resources to standardize reporting and automate processes.
• Have a deep understanding of capital and liquidity management. He will be tasked with assisting on all funding decisions and helping to manage the balance sheet, capital dividend policy, and allocation of capital.
• Monitoring and review finance related policies, procedures and practices in line with international accounting standards, legal requirements and industry best practices.
• Along with the senior leadership team will be responsible for driving transformation and delivering shareholder value.