Executive Vice President - Finance - BFSI - Contractual Role (20-28 yrs)

Primary Job Responsibilities:

Financial Control:

- Formulate the accounting policy of company, maintaining the internal accounts and reporting of financial results through various statements of accounts.

- Work with other departments within the bank to develop risk management strategies and ensure that the bank is protected against potential financial losses.

- Flag operational/market risk to the finances and develop strategies to counter / mitigate the same.

- Ensure compliance with financial regulations and standards.

- Evaluate and payment of tax obligations, collecting delinquent taxes, and filing tax returns. Compile and present detailed tax audit reports.

- Completely hands on with Annual Statutory and Tax Audits and Finalization of Reports.

Financial Planning:

- Work closely with the top management and other members of the leadership team to develop and implement financial strategies that align with the organization's overall goals and objectives.

- Develop and manage the budget for the organization, including forecasting future financial performance and identifying areas for cost savings.

- Oversee the policy work relating to budget, including consolidation of budget for the bank, notes to Board, sanction of additional budget, review, and amendment of expenditure rules.

- Oversee the budget process, collect inputs, and compare actual performance vis- vis the budget estimates.

- Prepare the policy and broad guidelines regarding Business Continuity Planning (BCP) and liaise with Risk Monitoring Department to frame strategies for BCP.

- Make decisions regarding allocation of financial resources and ensuring that the organization uses its resources effectively.

- Ensure prudent management of the Bank's cash flow and associated financial risk exposures.

- Work with senior management in setting annual financial goals and targets for organization.

Investor Relations:

- Accurate and timely statutory reporting of financial information of company.

- Communicate Firm's expected and actual financial performance to relevant stakeholders.

Others:

- Ensure finance & accounts team is equipped with ethical & talented people.

- Review all formal finance related procedures, processes, and administration, recommending improvements to the systems in place and managing systems going forward.

- Ensure strict compliance to regulatory norms.

- Conduct of business in alignment with the vision, values, and policies.

- Any other work assigned from time to time

Professional Experience:

- Minimum 20 years of experience in financial sector; of which, 10 years' experience should be in RBI regulated entity; of which 5 years should be at senior management level.

- Must be able to think strategically and develop long-term financial plans that align with bank's overall business goals.

- Strong understanding of financial principles is a must.

- Experience in resource raising, treasury & bond markets will be an added advantage.

- Good knowledge of Indian accounting, taxation, and statutory laws.

- Proven experience of being able to contribute beyond numbers in managing the organization's growth & prosperity.

- Ability to establish and maintain effective working relationships with other department heads and governmental officials especially regulators.

- Structured approach to planning and project management.

- Self-motivated and action and result oriented.

- Stakeholder relationship management skills - able to influence and manage the expectations of senior executives and others.

Educational Qualifications: Chartered Accountant

Preferred: FRM Certification and / or CFA