Financial Reporting Analyst

Location

Mumbai | India

Job description

Role/ Job Title: Financial Reporting Analyst

Function/ Department: Finance

Job Purpose:

The role bearer has the responsibility to perform prepare and establish various financial analyses, opportunities quantifications, financial projections and capital adequacy calculations in order to provide management with all required financial data, with utmost accuracy, timeliness, and within set standards and guidelines. The role holder is expected to maintain the MIS system and generate periodical analytical reports to facilitate decision making. The role includes liaising with different functions whenever financial analysis support is requested and perform ad-hoc financial analysis requested by senior management to support informed decision making.

Roles & Responsibilities:

• Perform financial and accounting related activities in a timely manner.
• Manage day to day operations to ensure the processes are executed within agreed SLAs.
• Perform month end closing activities such as revenue accounting, expense accounting, account reconciliation, etc.
• Manage account payables and receivables activities, credit and collection activities.
• Undertake regular self-assessments to ensure all new risks are actively managed and mitigated.
• Measure financial ratios such as solvency, profitability, growth, etc.to determine IDFC First's financial position and propose enhancement recommendations.
• Work closely with Technology to ensure that systems are developed to accommodate regulatory requirements and process improvements.
• Ensure all operational documentation is maintained and is best in class.
• Ensure financial and accounting reports are prepared in accordance to bank/regulatory rules and regulations.
• Maintain the MIS parameters as per set guidelines and identify process improvements to streamline date collection and report generation processes.
• Maintain accurate financial data and reports for submission to senior management.
• Maintain funds transfer pricing process to measure the performance of different business units of the bank.
• Address financial issues and inquiries in a timely manner.
• Prepare daily cash flow reports and register all outstanding payment records.
• Participate in regular audits and recommend corrective financial action plans.
• Analytical review of the Financials for decision making
• Establishment of a properly staffed and appropriately trained Finance function.
• Capture and share best- practice knowledge amongst the team.
• Leverage in-house synergies through collaboration with internal stakeholders.
• Keep abreast with global market trends and competitor strategies in key markets.
• Create an environment that promotes collaborative learning and collective ownership of responsibilities.

Educational Qualifications:

Graduation: Bachelor's in engineering / technology / Maths / Commerce / Arts / Science / Biology / Business / Computers / Management

Post-graduation: MBA / PGDM

Experience: 2 to 5 years of total work experience.

Job tags

Salary