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Location

Kolkatta | India

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Job description

Dear Candidate

Urgent opening for "

Head-IT Finance and Procurement

" for Kolkata location in a leading bank.

Head IT Finance and Procurement  Employment Type: Full-Time  Location: Kolkata (Head Office) Department: Information Technology  Grade – VP  Reporting: Head IT Strategy

The ideal candidate for this role should have min 14-16 years active experience in Finance and Accounts, Budgeting, MIS / Reports, Auditing, Commercial Operations ( Procurement) with an ability to think tactically and strategically to provide direction to different stakeholders. The candidate should have the ability to provide a decision support information related to Finance / Budgeting / Procurement for stakeholders (including executives) to make appropriate decisions. Determining objectives, designing and implementing systems, policies and procedures to facilitate internal Commercial and process controls. Person should have a deep understanding financial considerations of key suppliers and deep experience in formulating annual budgets, conducting variance analysis and implementing corrective actions

Responsibilities:

 To keep the risk of the department/units within risk appetite of the Bank  Managing vendor payments as per the payment terms and conditions mentioned in the order.  Verification of provisioning of IT expenses for the financial year in consultation with F&A.  Maintain detailed records for financial analysis  Preparation of 5 years IT Budget, Tracking and Cost Controlling.  Responsible for procurement of IT equipment, software, hardware, solutions for projects, which includes understanding of the business requirements, expansion plans of the bank, approval procedure as per the DOP.  Ability to understand costing parameters as per the product, solution which would be procured for the bank.  Responsible for verification of the price comparison sheet among the E-Waste Vendors and approval notes as per DOP, and presenting it to IT senior management for decision making.  Adherence to Regulatory compliance and internal audit  Team Management - Ability to manage a team to achieve your target. Distribute tasks amongst the team members, proper follow up, dispute resolution etc. are part of your team management.  Order Management - Managing order release after scrutinizing the payment and pricing terms, tracking the orders and reporting monthly MIS to F&A.  Vendor Management - Managing existing and new vendors efficiently to ensure that proper procurement procedure is followed and scope and services are being finalized and delivered as per the business requirements.  Financial Management – Maintain & Analyses of Budgets & Forecast  Finance Reconciliation , AP matters and Accruals  IT Finance related issues like for Vendor, Payment status, Vendor Addition  Vetting of documents required for PO  Bill Processing  Vendor Price Negotiation ( IT Items)  Vendor Reconciliation  Budgeting and Variance Analysis .  Identify and analyse opportunities and make tactical/strategic recommendations  Stay abreast of current regulations, tax laws, and accounting practices  Provide training to new and existing team members  Cost Control

Requirements and Skills

 Proven work experience as a Head of IT Finance similar role.  Financial services industry experience preferred (specially in Indian banks)  Proven experience as Head IT Finance and Procurement  In-depth knowledge of finance and accounting principles and best practices.  Solid knowledge of financial analysis and forecasting  Proficient in the use of MS Office and financial management/ Accounting software (e.g. SAP, Oracle EGL )  Hands-on experience with budgeting and risk management  An analytical mind with a strategic ability  Excellent organizational and leadership skills  Outstanding communication and interpersonal abilities

Education Level and Background & Experience:

 Senior stakeholder management  Process review, optimization and benchmarking  BCom in accounting, finance or relevant field; post-Graduation in Commerce is a plus  CPA or other relevant qualification is a plus  Min 14-16 years exp. in IT Finance and Procurement with 8-10 years of working experience in the BFSI segment.

if interested plz share updated cv #[email protected]

Thank you Bhumika Peoplemint Consultant LLP

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Job tags

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Salary