
Account Executive
5 days ago
**Financial Recording and Reporting**: Accountants in banking are responsible for recording all financial transactions accurately, including deposits, withdrawals, loans, and investments. They prepare financial statements such as balance sheets, income statements, and cash flow statements.
- **Compliance and Regulation**: Ensuring compliance with regulatory standards is vital in the banking industry. Accountants must stay updated with financial regulations and ensure that the bank's operations adhere to these rules. This involves implementing and maintaining internal controls to prevent fraud and ensure financial integrity.
- **Risk Management**: Accountants play a role in assessing and managing financial risks within the bank. They analyze data to identify potential risks, such as credit risks or market risks, and work with other departments to develop strategies to mitigate these risks.
- **Budgeting and Forecasting**: Accountants help in the budgeting process by providing financial data and analysis to support decision-making. They also participate in forecasting future financial performance based on various economic factors and industry trends.
- **Audit Support**: Accountants collaborate with internal and external auditors to facilitate audits of the bank's financial records. They provide necessary documentation and explanations to auditors and implement any recommendations for improving financial processes and controls.
- **Tax Compliance**: Accountants ensure that the bank complies with tax laws and regulations. They prepare and file tax returns, calculate tax liabilities, and advise on tax planning strategies to minimize tax exposure while staying compliant.
- **Financial Analysis**: Accountants analyze financial data to assess the bank's performance, profitability, and efficiency. They identify areas for improvement and make recommendations to management based on their analysis.
- **Customer Service Support**: In some cases, accountants may interact with customers to address inquiries related to their accounts, transactions, or financial statements. They may provide clarification on banking fees, interest rates, or account balances.
**Job Types**: Full-time, Permanent
Pay: ₹100,000.00 - ₹250,000.00 per year
Schedule:
- Day shift
- Fixed shift
Supplemental pay types:
- Yearly bonus
**Education**:
- Bachelor's (preferred)
**Experience**:
- Taxation: 1 year (preferred)
- total work: 1 year (preferred)
**Language**:
- English (preferred)
License/Certification:
- Tally (preferred)
Work Location: In person
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