Head - Finance with MNC Bank in Mumbai

Job Title : Head Finance
Reporting to: CEO / Global Resourcing Head of Finance (India)
Grade: Level 5

Role Purpose:


1) Maintaining books of accounts of the Company as per the Companies Act, 1956 and the Accounting Standards Prescribed by the ICAI.

2) Maintenance of records , holding meetings of Board and Shareholders and ensuring compliance of corporate laws

3)To control and monitor administrative activities of the Company including stationery, house keeping, Annual maintenance contracts and compliance to fire , safety and health guidelines for Mumbai/ Chennai.

4) To act as a co-ordinator for all security related issues of the premises and act as building emergency co-ordinator for Mumbai/ Chennai

5)Ensuring that the records of the company are duly audited by statutory and tax auditors along with transfer pricing review reportwill increase efficiency, optimize utilization, or increase sales fulfillments.

Principal Accountabilities:


•Compliance of Accounting norms, Companies Act, Income Tax Act and Accounting Standards alongwith internal FIM / BIM

•Ensure that proper accounts of the company are maintained in line with recommended standards and procedure

•Provide periodical return and MI as per user requirements and guiding through the budgets and utilisation of resources

•Ensuring satisfactory audit comments from arious audit teams viz., statutory, tax, compliance, Transfer Pricing, GRCA by application of laws and regulations in the activities carried out; constant Updation of knowledge on the amendments, recent trends and changes occurring in business / legal environment

•Budgeting , Cost Control and Cost reduction by preparing, collating and obtaining approvals for AOP; by monitoring actuals vs. budgets and analysing variances with a view to reduce variances; proactive look out for business opportunities resulting in cost reduction and streamlining of functions - achievement of cost reduction of 5 % of controllable cost

•Administrative activities of the Company & safeguard against business losses, control of stationery, house keeping, security and courier functions at GSC Mumbai & GSC Chennai; Centralised vendor management for GSC Mumbai & GSC Chennai; Entering to AMCs and insuring of assets and events which may cause losses to the Company

•Provision of infrastructure and co-ordination with operational teams By planning for capital requirements and co-ordinating with internal and external parties


Major Challenges:

The major challenge of the job holder is to balance the application of time spent on each activity as the activities involve different functions, complications and are of different scales. However, each of the activity has to be attended to within stipulated time lines as agreed with functions. Care be given to minute details and constant up gradation of inputs from legal / functional and accounting environment is essential for proper functioning of the job holder. Many actives require analytical thinking and adequate planning either alone or along with internal / external parties is required. Internal customer focus is the key area for support function and adequate support / infrastructure has to be provided in a timely manner with appropriate levels of control and various degrees of approval. Co-ordination with all external parties for audit, stationery, security & house keeping, property, financial control, technical departments would entail early diagnosis of problems and issues and taking appropriate steps to mitigate losses / delays due to the activity. Quality time needs to be spent for thinking ahead and initiating early action to avoid delays. To actively support senior management in planning and forecasting thereby guiding the business towards attainment of desired objectives.


Skills & Qualification Required:

•Chartered Accountant, preferably in first attempt with atleast 8 to 10 years post qualification experience in Finance & Company Secretarial activities. Ith atleast 3 years in the Managerial / Sr. Managerial Cadre.
•Exposure to Tally and other ERP systems such as SAP (FI & CO Modules) consolidation tools like BPC / Hyperion & knowledge of other finance related software packages
•Expertise in MS Office applications such as MS Excel, MS Word, MS Powerpoint etc
•Good analytical skills and a positive attitude to problem solving
•A Good grasp of financial metrics and accounting concepts
•Experience / Exposure in International Financial Reporting Standards
•Capacity to handle multifarious functions at a time with different thinking levels / energy levels•Capacity to handle multifarious functions at a time with different thinking levels / energy levels


Brief Description of Company and their Service Delivery Centres

Global Service Delivery
The Global Service Delivery is an integral part of the Company Technology and its Services. It anticipates and understands the needs of its customers by offering receptive, responsive and prompt services, which enables the Group to build profitable long-term partnerships with its customers.

Global Service Delivery in India

Global Service Delivery in India has 20,300 employees and operates out of 10 Group Service Centres. These are located in Bangalore, Hyderabad, Kolkata with 2 Group Service Centres each and Gurgaon, Mumbai, Chennai and Vizag with 1 Group Service Centre each.

Company profile (Mumbai and Chennai)

The Mumbai centre is the Service Delivery Centre for the Bank's Indian operations. Located in Mumbai and Chennai it is the Central Processing Unit with staff strength of approximately 2300. While other Group Service Centres service global operations GSC Mumbai and Chennai Service Pan India for functions like the domestic Contact Centre, Collections, The Centralised Retail Assets, Wealth Management and other Back Office Operation related activities.


Salaries: 11 lacs - 15.50 lacs p.a

Cvs to neha.asthana@gmail.com and/or neha.asthana@hr-interface.com