CA required at UJJIVAN SFB LTD (South)

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  1. Bhuvi Gupta
    Bhuvi Gupta on Mar 3, 2016
    FINANCIAL CONTROLLER – UJJIVAN SFB LTD (South)
    Job Title : FINANCIAL CONTROLLER – UJJIVAN SFB LTD

    Grade/Band : TBD

    Reporting Authority : CFO

    Job Summary: To manage all activities within the Bank related to financial accounting, regulatory reporting , tax and certain activities related to Treasury middle and back office that interface closely with financial systems. To provide guidance to Businesses and Middle office functions in accounting matters related to income recognition, provisioning and expenditure accounting as well as direct and indirect taxmatter

    Key Responsibilities :

    A. Oversight of Accounting Function :

    • Responsible for preparing monthly/quarterly /annual financial statements like Balance sheet, P&L, Cash Flow for presentation to the MD, Audit Committee and the Board to ensure compliance with accounting standards and RBI guidelines
    • Ensure appropriate income recognition, expense accrual and NPA accrual across the operations of the Bank; Maintain strict oversight on financial integrity viz inter-branch transactions, ageing and suspense accounts and coordinate remedial action with Operations/Business
    • Liaise with accounting function of holdco to facilitate consolidation of accounts and exchange filing as well as investor relations support
    • Provide guidance on product accounting.
    B. Supervision of Statutory Audit & other audit support :

    • To liaise with statutory auditors for completion of quarterly/ annual statutory and tax audit and liaise with statutory auditors of holdco as necessary for consolidation
    • Assist in preparation of LFAR and ICAAP
    • Liaise with internal and concurrent auditors on accounting issues
    C. Regulatory Reporting :

    • Responsible for timely and accurate preparation, submission and query resolution of RBI on all reports incorporating financial information; play a nodal role in automation of financial regulatory reporting covering all aspects such as balance sheet, capital adequacy, provisioning, profitability etc
    • Play a nodal role in compilation of information for annual regulatory supervision, submission of information related to the same including LFAR and ICAAP and RBI quarterly or other meetings
    • Work in conjunction with the Compliance Department to follow all applicable regulations and guidelines related to Finance and support the CFO in this effort
    • Ensure correct computation of statutory liabilities viz SLR, CRR, PSL, Open position limits etc
    D. Tax :

    • Ensure adherence to timelines in filing income tax, service tax, wealth tax returns and coordinate sales tax and VAT compliance
    • Ensure compliance with all tax reporting requirements
    • Oversee adherence to tax laws to appropriately reflect a true and fair position
    • Asist CFO in representing the Bank before the Tax and appellate authorities and attend hearings , liaise with Counsel
    E. Treasury Middle Office :

    • Assist in correct position and price verification of all balance sheet exposures
    • Ensure correct MTM of positions and accurate reporting of price and liquidity risk
    • Support the Treasurer and the Planning function for preparation of ALCO decks, by providing accurate supporting financial information
    • Ensure correct reporting of NDTL< SLR
    • Assist Treasurer in providing financial information to Banks, Rating Agencies and other Counterparties
    Educational Qualifications & Experience:

    • Chartered Accountant
    • At least 10 years experience in a Bank/large NBFC, with 5 years as no 2 to Chief Accountant or Controller in a large private sector or foreign bank. Experience of supervising a team for 5 years . (Alternatively can consider a person from audit practice of a Big 4 who has audited banks extensively)


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