- Responsible for preparing the Quarterly Ind AS financial Statements along with Notes to accounts as per Banking Regulation Act and working with Statutory Auditors for audit Closure with no or minimum audit observations.
- Timely preparation of regulatory returns / Certifications / regulatory filings (related to financial numbers) for onward submission to the RBI. Must have robust understanding of trail balance, accounting entries and conceptual knowledge of financial statements.
- Assistance to Manager- Regulatory reporting/Deputy CFO on various projects involving process streamlining and coordination with various departments.
- Ensuring timely closure of all statutory audit observations, coordination with various intra and inter departments to get response and provide periodical update to the Board/ Top Management.
Size of the Role
Financial Size
Non-Financial Size
- Preparation of regulatory reports- 8 to 10 adhoc and 3 to 5 regular returns per quarter
- Assistance in creation of Policies and Process - 5 to 7 per year
Key Duties Responsibilities of the Role
Financials
- Preparation of Ind AS (fit for consolidation) financials along with Notes to accounts as per Banking Regulation Act and getting it reviewed by the Statutory Auditors during Quarterly/year-end. The role involves direct interaction and working with the Auditors.
- Liaisoning with Statutory Auditors and ensuring closure of Long Form Audit Report/ other applicable certifications as per RBI norms on regular basis.
- Performing analytical reviews of month on month and quarter on quarter numbers, variances and present to the CFO/Top Management
- Must have strong knowledge of accounting standards (both IGAAP Ind-AS), accounting entries concept, Companies Act 2013, taxation laws (both direct and indirect tax) etc.
Regulatory Filings
- Timely preparation of regulatory returns / Certifications (related to financial numbers) - reconciliations. Must have strong understanding of trail balance, accounting entries and conceptual knowledge of financial statements.
- Working with all the relevant departments to get relevant data for the above returns, validating the same and ensuring accuracy of filing to the RBI.
- RBI Inspections - Preparation (wherever required) and co-ordination with all the sub-departments in Finance for collating the data for RBI inspections.
- Ensuring accuracy of returns/regulatory filings related to financial statements, while its preparation. The person would be responsible and accountable for correct preparation of returns and will be the first line of defense for accurate filing to be made to the regulatory authorities. The regulatory reporting to the RBI carries reputational risk for the organization and any mistakes/observations/escalations are viewed very seriously and may have penalty implications on the Bank.
Internal Processes
- Assisting Deputy CFO and Manager- regulatory reporting in various process improvements/ projects, understanding existing processes of the organization, and should be able apply analytical skills to suggest improvements in the processes and develop efficiency.
- Annual review and streamlining the processes
📌 Corporate Financial Analyst (Bengaluru)
🏢 Ujjivan Small Finance Bank
📍 Bengaluru
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