CRES:Process Control Team

1 week ago


Mumbai, Maharashtra, India Axis Bank Full time

CRES:
Process Control Team

  • 10 Years1 OpeningMumbai
Role description

CRES:

Process Control TeamGrade:

Business:Support ServicesDepartment:
Corporate Real Estate ServicesSub

  • Department:Location:About Corporate Real Estate Services (CRES)


CRES provides support to all business functions on Annual Branch/Office Network Expansion Plan of the Bank, Upkeep & Maintenance of existing branches & offices, Safety & Security and Administration including other Offices like RAC, Currency Chests and Regional Office.

The department plays significant role as it deals with multiple internal/external stakeholders including vendors, various business teams and its verticals, F&A, compliance, audit etc.

to ensure uninterrupted branch operations and safety of the employees besides implementing the ideas that brings cost & energy efficiencies, reductions to cost of operations and improved turn-around-timeKey ResponsibilitiesLegal:

  • Handling Large Office legal cases
  • Attending Arbitration, Court sessions, etc. for any legal case registered in the court of law pertaining to CRES Department
  • Co-ordinate with respective stakeholders such as Law Department, Law Firms, etc.
  • Handling cases pertaining to non-refund of security deposit by landlordsProperty Tax matter at large premise, GE invoices, Annual calculation of CAM rates for GE etc:
  • Co-ordination and liasoning with Municipal authorities for property taxes of CO premises.
  • Verify invoices raised for GE are in order and ensure dues are recovered within agreed timeline.
  • Verify calculations to arrive at the Annual CAM rates for GE.

Subsidiaries:

  • Deal with subsidiaries on offering Bank's premises to them on rent and recovery of rent
  • Ensure proper documentation and records in place
  • Necessary arms length distance to be followed in dealing with subsidiaries

Process & Audit:

  • Updating SOPs for each of the functions of CRES Department
  • Review of existing processes on a quarterly basis so as to ensure laid down SOP are followed.
  • Attending different types of audit teams such as Internal Audit, RAR, RBS, RBI, etc.
  • Assisting the auditors while conducting audit for CRES Department
  • Scrutinize the audit report and provide clarification to the auditors to close any gaps in their understanding before they submit the audit report
  • Ensure timely closure of audit observations submitted by the auditors
  • Ensure necessary measure are taken for all risks tagged in EGRC
  • Review the existing risks with segment heads on half yearly basis
  • Review amendment in flow charts for process changes and ensure they are properly documented
  • Ensure no adverse remarks are received in RBI related matters
  • Ensuring CRES alignment on processes with CPT, CAP HUB,

CMTCARO:

  • Timely submission of the KRI and RBS Tranche data.
  • ORMC
  • Ensure to close all matters pertaining to PMC / CMC (Evolve portal)

BUDGET:

  • Discuss with all the teams in CRES Department and obtain Budget requirement with proper justification at the begin of Financial Year
  • Analyse the requirement in detail and post finalisation with CRES Teams and Head submit to F&A
  • Coordinate with Finance & Accounts Team for obtaining budgets periodically
  • Monitor and control budget allocated to CRES Team under various GLs
  • Justify the requirement of budgets to F&A in case of any additional budgets are demanded by CRES Team
  • Guiding CRES Team for passing accounting entries in correct GL Heads
  • Be the second in line authority to approve OAS and POs raised by respective teams in order to control the budget efficiently
  • IPRs raised by CRES Team are duly approved by Budget Team
  • Ensure all approvals are as per DOP assigned to the Department and DOPs are mapped in CAP HUB system
  • Scrutinise all GL heads and crucify the incorrect entries passed in CRES GL and restore the budget.
  • Reconciliation of all GL Heads to identify budget vs actual expense
  • Compile and verify the provisions submitted by respective teams before submitting to F&A and ensure invoices are timely processed
  • Monitoring and reversal of SL entries related to CRES.
  • Obtain NOCs from respective teams and submit to CAP HUB
  • Recovery of GST claimed by CRES vendors but not deposited with governmentQualificationsOptimal qualification for success on the job is:Education Graduate/Post Graduate in Law/Engineering with Good written/verbal communicationExperience 3 7 years

Role Proficiencies:
For successful execution of the job, a candidate should possess the following:

KnowledgeoQualified Graduate/Post Graduate with good command on EnglishoKnowledge of MS OfficeAbout


AxisIncorporated in 1994, Axis Bank is one of Indias most trusted banks & the third largest in the private sector.

At Axis Bank, customer centricity has always been the foundation of our business.

Our efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool.

The Bank has a young & engaged workforce of over 70,000 employees, with an average age of 30 years.

We are an equal opportunity employer & believe in empowering our employees by offering rich roles, learning opportunities & flexibility to chart their career, their way.

Skills

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