Finance Specialist

Job Description

Financial Reporting- Support the seniors on Reporting activities.- Zero error documents Assist in preparation of Financial Statement, Balance Sheet Reporting, Regulatory Reporting in accordance with Indian GAAP and IFRS.Participate in the monthly close cycle and related quarterly reporting cycles. Create monthly journal entriesSupport all ad hoc reporting as and when needed.Assisting in ENBD Indias annual budgets and forecasts / performance plans.Support the monitoring of India business performance and provide the management variance analysis on the actual vs budget performanceAssist with funding facility related processes as needed.Accounts PayableTimeliness and accuracy Ensure timely, accurate payments and accruals in accordance with bank requirements.Ownership and control over Vendor payments, Employee reimbursements and Fixed Assets module.Providing senior management with qualitative MIS on payments related aspects.Financial controls & ReconciliationsEnsure reconciliations & controls activities are carried out on a timely basis Ensure timely completion of reconciliation of accounts on daily / regular basis by respective departments.Ensure accurate reporting and timely resolution of reconciling items. Proper escalation/follow up of outstanding items in all accounts.Active control and ownership of Nostro and Suspense Account Reconciliations and related processes. This has a direct impact on Capital Adequacy Ratio and is an important Financial Control responsibility.Advice concerned departments of discrepancies in automated reconciliations, unmatched entries or unidentified entries and obtain adequate information from these departments for corrective action.Control and ownership of CORONA system driven reconciliations (Nostro, a/cs, Suspense a/cs and other a/cs as per group/ India requirements.Prepare periodic MIS (department wise if possible) for consumption by Heads of Units.Understanding various subsystem and the flow of accounting entries across different systems, so as to facilitate proper reconciliations etc.Taxation and ComplianceSupport the seniors on tax compliances Support the finance team on Goods and Services Tax (GST) related monthly compliance activities for the Bank, especially the online returns submissions, matching at invoice level etc (approx. 37 returns submission/validations annually in the initial phase).Provide active support to unit in charge for completion of Taxation activities and its payments (eg: GST, With Holding Tax (TDS - India terminology)Regulatory Reporting and MISTimeliness and accuracy Support Finance team on various RBI Regulatory / Head Office / internal reports.Providing active support in handling the budgets/forecast, Business Performance, ALM, FTP & ALCO pack etc Audit and Inspections by RBI, Concurrent, Statutory and Internal AuditorsManage liaison with external auditors Full support for Audits that the bank is subject to. These will include RBI Inspections, ongoing Concurrent audits, Statutory Audits and Internal audits by Head Office etc.Ensuring timely closure of observations by auditors by respective departments and ensuring that robust processes are put in place to avoid repeat issues. New products / initiatives New product successSupporting the Senior Management, Finance & Accounts Team, pan India Payment Team on various Non-Indian Tax Compliance work and ad-hoc tax projects, as requiredAdhoc request support.Reach out to business for deliverables and analyticsUAT support

Keyskills :
reportingregulatoryrbi