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Head of Finance

3.00 to 5.00 Years   Mumbai City   27 May, 2020
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryEducation / Training
Functional AreaFinance / Accounts / TaxSales / BD
EmploymentTypeFull-time

Job Description

Role Description: Monitor limits and exposures with a view to improving the Bank s profits , whilst at the same time ensuring compliance with the consolidated / overall approved limits.Ensure timely and accurate information as well as disclosure of all material matters concerning the operations.Develop mechanisms designed to ensure compliance with all relevant local laws and regulations and also international laws and regulations.Assist Country GM in developing / creating the Key Performance Indicators (KPIs) , for performance monitoring and quality measurement purposes pertaining to the financial reporting related process and monitor the achievements of its individual departments / units on periodic basis.Provides leadership on creating Key Performance Indicators (KPIs) for the departments under the incumbent s supervision for performance monitoring purposesEstablishes and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with.Establishes and enhance relationships with tax authorities to ensure that all statutory requirements are complied with.Liaises with external auditors on matters pertaining to presentation and disclosure of financial statements , emerging financial reporting trends , impacts of proposed accounting standards etc.Builds and maintain strong and effective relationship with the all other related departments and units to achieve the Bank s goals / objectives.Responsible for Annual Budget for the allocated Country and monitoring of variances to actual vs budget , throughout the yearEnsures accurate and timely presentation of all Head Office and external reporting.Responsible for tax compliance , including direct , indirect , employment and withholding taxesMaintains the Bank Fixed Asset register , add new assets and disposals , and update depreciation records.Ensure timely processing of vouchers and maintenance of relevant recordsMonitors / updates the Bank expenses on a regular basisDevelops and follows - up on yearly budget for the Bank.Manages day - to - day business for relevant QNB entities , including audit , tax , accounting , yearly consolidation , (relationship with investors) , suppliers and real estate advisors , reporting to the Group and relationship with external providersMaintain an understanding of all pertinent regulations as well as best practices pertaining to financial and management reporting.Sound knowledge of local tax regulations and practices and IFRSQualifications: Bachelor / Masters degree preferably in finance , accountancy or related subjectsProfessional qualification such as CPA , ACA , MBA etc. is a plus.,

Keyskills :
fixedassetregister taxcompliance financialaccounting accountingstandards financialstatements man eyperf manceindicat financialrep ting regulat yrep ting intelligentnetw ks findingopp tunities perf

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