Job Requirements About the Role The Senior Financial Reporting Analyst will play a critical role in enhancing the quality and accuracy of internal and external financial reporting. This position is part of the Financial Control, Regulatory Reporting & Taxation department and is responsible for ensuring compliance with Indian GAAP and Ind-AS standards applicable to banks. The role involves close collaboration with auditors, regulatory bodies, and internal stakeholders to support financial decision-making and maintain robust reporting practices.

Key Responsibilities

Primary Responsibilities

Prepare financial reports in accordance with Indian GAAP and Ind-AS standards applicable to the banking sector.

Assist in the preparation of annual financial statements, including the Cash Flow Statement and Notes to Accounts.

Provide financial data for the compilation of the Annual Report, including sections such as Management Discussion & Analysis, Director’s Report, and Corporate Governance.

Support the drafting of notes for submission to the Audit Committee and Board on topics such as Related Party Transactions, Proposed Dividends, Suspense/Sundry Accounts, and Auditor Remuneration.

Contribute to the development and maintenance of the Bank’s Significant Accounting Policies and related guidance notes for implementation across departments.

Secondary Responsibilities

Coordinate with Statutory Auditors for audit requirements, including Limited Review, Statutory Audit, Branch Audits,



Internal Financial Control Audit, and IT Audit.

Liaise with stakeholders to ensure timely submission of the Long Form Audit Report and compliance with RBI inspection requirements.

Conduct analytical reviews of financial statements to support decision-making, including peer group comparisons.

Maintain thorough knowledge of Ind-AS guidelines such as Effective Interest Rate (EIR), Expected Credit Loss (ECL), Leases, and Investments.

Provide hands-on support in the preparation of Ind-AS financial statements within the BFSI sector.

Assist the Financial Reporting team with special projects, including General Ledger (GL) controls, monitoring, and account reviews.

What We Are Looking

For

Education

Bachelor’s degree in commerce is required.

Master’s degree in business administration is preferred.

Professional Qualification: CA (Chartered Accountant)

Experience

Minimum of 7 years of total work experience, preferably in financial reporting within the BFSI sector.

Skills and Attributes

Robust understanding of Indian GAAP and Ind-AS standards.

Experience in preparing financial statements and disclosures for banks.

Ability to coordinate effectively with auditors and regulatory bodies.

Analytical mindset with the ability to perform financial reviews and comparisons.

Proficiency in handling special financial projects and GL account monitoring.

Excellent communication and collaboration skills.

📌 Senior Financial Reporting Analyst (Mumbai)
🏢 IDFC FIRST Bank
📍 Mumbai