Financial Reporting Specialist
21 hours ago
About IDFC FIRST Bank
IDFC FIRST Bank is a leading bank in India, committed to delivering exceptional financial services to its customers. We are seeking a highly skilled Financial Reporting Analyst to join our team.
Estimated Salary: ₹ 1,200,000 - ₹ 1,800,000 per annum
Job Description:
The role of the Financial Reporting Analyst is to prepare and establish various financial analyses, opportunities quantifications, financial projections, and capital adequacy calculations to provide management with all required financial data, with utmost accuracy, timeliness, and within set standards and guidelines.
The successful candidate will maintain the MIS system, generate periodical analytical reports to facilitate decision making, and liaise with different functions whenever financial analysis support is requested.
Key Responsibilities:
- Perform financial and accounting-related activities in a timely manner.
- Manage day-to-day operations to ensure 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 with 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.
Education Qualification:
Graduation: Bachelor in Commerce
Post-graduation: Mcom / MBA / PGDM
Professional Qualification/Certification: Chartered Accountant (CA).
Experience: 02 to 05 years of relevant experience in Finance operation.
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