Deputy Chief Financial Officer

Tamilnad Mercantile Bank Ltd., one of the leading old Private Sector Banks, on a high growth path invites applications from dynamic and result oriented individuals for the following posts.

Please read all the details, information and instructions carefully.

Deputy Chief Financial Officer in Vice President cadre

 

Deputy CFO (Vice President) for Accounts Department on regular basis

Age Minimum 45 years and not more than 55 years as on 31.07.2024

(Age is not a constraint for a right candidate)

Qualification Chartered Accountant by Qualification

Ten years of experience in overseeing financial operations, preferably

accounting and taxation matters, in Banks/ Large corporates / PSUs/

Remuneration As applicable to Scale VI officer.

No vigilance case or adverse observation from RBI/Statutory Authority,

shall be pending against the candidate identified for appointment as

Role of Deputy Chief Financial Officer:

Managing the financial affairs, including management and statutory accounts together  with longer term financial projections and to ensure that the most efficient and effective financial control systems and reporting mechanisms are in place.

Preparing the year-end financial accounts for audit and to liaise with the Auditors prior Liaise with Inland Revenue, Customs and Excise, Income Tax Department and the Takeover all GST matters and keeping abreast of current GST legislation.

Managing all external contracts and to ensure that all the banks expenditure is correctly Recruitment of Deputy Chief Financial Officer in Vice President cadre

To ensure the overall smooth running of the banks internal administration and its cost-

To ensure the banks legal responsibilities are met, in particular that all necessary insurance is properly in place.

Direct accounting processes, overseeing the compliance of applicable legal regulations. perform all kind of banking and financial operations.

To follow the Long Form Audit report submitted by statuary auditors.

 

Developing financial strategies at an organisational level by leading financial and accounting information, analysis, and recommendations to strategic thinking and Participating in the corporate decision-making process as a member of the management team with joint responsibility for the development of long-term corporate Management and Information Analysis: will be an advisor to the top management for providing financial insights on the following: competitive benchmarking, performance analytics, forecasting and budgeting, headcount and compensation forecasting, balance sheet management / ROE, unit costing, client profitability, regional profitability

and product profitability.

The Chief Financial Officer will also leverage corporate resources to standardize reporting and automate processes.

Have a deep understanding of capital and liquidity management. He will be tasked with assisting on all funding decisions and helping to manage the balance sheet, capital dividend policy, and allocation of capital.

Monitoring and review finance related policies, procedures and practices in line with international accounting standards, legal requirements and industry best practices.

Along with the senior leadership team will be responsible for driving transformation and The shortlisted candidates should appear for interview. They will be called for personal interview through Direct / Video Conferencing. The mode of interview, date and time will be communicated to the eligible candidates individually.

The posting will be at the Bank s Head Office at Thoothukudi, Tamilnadu

Canvassing in any form will be a disqualification