Financial Reporting Specialist
- Mumbai, Maharashtra
- Permanent
- Full-time
- 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