Job description

Department: Accounts

Division: Financial Reporting (Ind-AS/IFRS)

Total Positions Open: 1

Profile 1:  AVP - Financial Reporting (Ind-AS/IFRS)

Job Description:

This position will be reporting into Head of accounts and will be responsible for Ind-AS (IFRS) implementation, accounting and reporting.

Key responsibilities will include but are not limited to:

• Implementation of Ind-AS as per applicable timelines for the bank
• Management of accounts including effective implementation of accounting policies & processes
• Preparation of all financial statements and accounts for the audit as per Ind-AS / Indian GAAP
• Timely and accurate month and quarterly close
• The role will require referring to a number of systems, validation/analysis of the numbers being finalized and liaisoning with the teams across departments
• Ensure accuracy and completeness of analysis and data integrity
• Interpret new Ind-AS requirements and apply in preparation of reporting schedules and related disclosures. The processes require sound understanding of Chart of accounts and Reporting.
• Lead and execute process improvement initiatives within the team and improve efficiency.
• Drive projects / identify automation opportunities 
• On the job Ind-AS training to other team members, ad-hoc support and accounting support for new business models

Skills & Qualifications

• Chartered Accountant or equivalent degree with 8-10 years of experience, preferably in banking industry
• Knowledge of automated financial and accounting reporting systems
• Good accounting knowledge is must. Should have worked on Financial Reporting profile, responsible for preparation and presentation of various financial statements as per IFRS/Ind-AS and Indian GAAP, etc.
• Effective oral and written communication skills with a strong ability to efficiently communicate financial results to both financially and non-financially oriented persons

Profile 2:  Chief Manager - Financial Reporting (Ind-AS/IFRS)

Job Description:

This position will be reporting into in charge of financial reporting and will be supporting implementation of Ind-AS, accounting and reportingas perInd-AS (IFRS) 

Key responsibilities will include but are not limited to:

• Support implementation of Ind-AS as per applicable timelines for the bank
• Management of accounts including effective implementation of accounting policies & processes
• Support in preparation of all financial statements and accounts for the audit as per Ind-AS / Indian GAAP
• Timely and accurate month and quarterly close
• Ensure accuracy and completeness of analysis and data integrity
• Responsible for review and preparation of various period end accounting journals during month and on monthends.
• Lead and execute process improvement initiatives within the team and improve efficiency.

Skills & Qualifications

• Chartered Accountant or equivalent degree with 6-8 years of experience, preferably in banking industry
• Knowledge of automated financial and accounting reporting systems
• Good accounting knowledge is must. Should have worked on Financial Reporting profile
• Effective oral and written communication skills