21 Aug
|
IDFC FIRST Bank
|
Thane
21 Aug
IDFC FIRST Bank
Thane
Job Requirements
About the Role
The Taxation Analyst within the Finance department is responsible for preparing and establishing various financial analyses, quantifying opportunities, projecting financial outcomes, and calculating capital adequacy. This role ensures the provision of accurate and timely financial data to management, adhering to established standards and guidelines. The role also involves maintaining the MIS system and generating periodic analytical reports to support decision-making. Additionally, the Taxation Analyst liaises with different functions to provide financial analysis support and performs ad-hoc financial analyses as requested by senior management.
Key Responsibilities
Primary 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, and account reconciliation.
Manage accounts payable and receivable activities, including credit and collection tasks.
Contribute to budget preparation and monitor financial performance against the budget.
Design and review fiscal policies.
Ensure financial and accounting reports comply with bank and regulatory rules and regulations.
Maintain accurate financial data and reports for submission to senior management.
Prepare daily cash flow reports and register all outstanding payment records.
Participate in regular audits and recommend corrective financial action plans.
Conduct analytical reviews of financials to support decision-making.
Secondary Responsibilities
Undertake regular self-assessments to actively manage and mitigate recent risks.
Collaborate with Technology to ensure systems accommodate regulatory requirements and process improvements.
Maintain best-in-class operational documentation.
Establish a properly staffed and appropriately trained Finance function.
Capture and share best practices among the team.
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