Job Vacancy for Chartered Accountant (CA) in IDFC FIRST BANK

Job Title – Business Finance Analyst

Business Unit - Retail Banking    

Function – Finance

Employer: IDFC FIRST BANK

About Employer

IDFC FIRST Bank was founded by the merger of IDFC Bank and Capital First in December 2018. The Bank provides a range of financial solutions to individuals, small businesses and corporates. The Bank offers savings and current accounts, NRI accounts, salary accounts, demat accounts, fixed and recurring deposits, home and personal loans, two wheeler loans, consumer durable loans, small business loans, forex products, payment solutions and wealth management services. IDFC FIRST Bank has a nationwide presence and operates in the Retail Banking, Wholesale Banking and other banking segments. Customers can choose where and how they want to bank: 351 bank liability branches, 103 asset branches, 216 ATMs and 534 rural business correspondent centres across the country, net banking, mobile banking and 24/7 toll free Banker-on-Call service

Job Purpose:

The role bearer has the responsibility to prepare and establish various financial analyses, opportunities quantifications, financial projections and capital adequacy calculations in order to provide management with all required financial data, with utmost accuracy, timeliness, and within set standards and guidelines. The role holder is expected to maintain the MIS system and generate periodical analytical reports to facilitate decision making. The role includes liaising with different functions whenever financial analysis support is requested and perform ad-hoc financial analysis requested by senior management to support informed decision making.

                                                            

Roles & Responsibilities:            

• Perform financial and accounting related activities in a timely manner
• Manage day to day operations to ensure the processes are executed within agreed SLAs
• Perform month end closing activities such as revenue accounting, expense accounting, account reconciliation, etc.
• Manage account payables and receivables activities, credit and collection activities
• Contribute to the preparation of the budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identified
• Design and review fiscal policies
• Undertake regular self-assessments to ensure all new risks are actively managed and mitigated
• Work closely with Technology to ensure that systems are developed to accommodate regulatory requirements and process improvements
• Ensure all operational documentation is maintained and is best in class
• Ensure financial and accounting reports are prepared in accordance to bank/regulatory rules and regulations
• Maintain accurate financial data and reports for submission to senior management
• Address financial issues and inquiries in a timely manner
• Prepare daily cash flow reports and register all outstanding payment records
• Participate in regular audits and recommend corrective financial action plans
• Analytical review of the Financials for decision making
• Establishment of a properly staffed and appropriately trained Finance function
• Capture and share best- practice knowledge amongst the team
• Leverage in-house synergies through collaboration with internal stakeholders
• Keep abreast with global market trends and competitor strategies in key markets
• Create an environment that promotes collaborative learning and collective ownership of responsibilities
• Attract and retain best-in-class talent for key roles in their reporting structure
• Ensure adherence to benchmarks/processes set up for finalizing commercials and other key parameters

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Educational Qualifications:        

Graduate – Any

Post Graduate- Any

Professional Qualification- CA

Experience:

Minimum of 5+ Years in Finance

Apply Before 04/30/2021, 01:11 PM Job Schedule 

Type: Full time

Locations Mumbai, Maharashtra, India

Place of work - Mumbai

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