Vice President - Finance

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Role Purpose(overall high level summary of the role)

The jobholder is expected to be a team leader of a group of professional chartered accountants and take responsibility of error free and timely financial reporting as per the group reporting guidelines under IFRS and various accounting standards. He/she is expected to be abreast with the constant changes to these standards/requirements.

The VP financial reporting is a role within the financial reporting team of AMIN finance, which is responsible for preparation and initial review of various returns/reporting to be submitted to the group which includes the P&L and Balance Sheet of the Asset Management Company.

Internal Controls - Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.

Preparation and submission of the entire Group reporting – Assurenet / Cadency Reporting, SARACEN Reporting,

Tracking, preparation and submission all the Quarter ending and Year ending Gather and group submissions

Preparation and providing detailed variance analysis (including commentary) for P/L, Balance Sheet, GSR (AUM), Ledger Scrutiny

Preparation and submission of the FUSION reporting, Maintenance of Fixed Asset Register, GST reporting, Direct Tax reporting, reviews and reconciliation, Cash flow management, Treasury operations.

Adherence to Group Compliance Policy.

Awareness of the Operational Risk scenario associated with their role.

Internal local reporting – preparation of monthly EXCO pack for AMIN top team, Branch P&L, Focus 75 monitoring model, Risk Map submission.

Preparation and submitting monthly and adhoc requests from Local stakeholders, regional stakeholders, various reports to WPB business finance, INM Finance.

Accounting, Analysis, Reconciliation, Reporting and coordination

Expense line wise analysis and commentary, provision analysis, prepaid expense analysis, Impairment testing and analysis,.

Lease accounting and analysis

coordination with senior members from finance and business teams.

Preparation of GST and Direct tax working

Support in other tax related matters

Principal Accountabilities:Key activities and decision making areas

Impact on the Business

Month-end closure of books for group reporting, review of group financials and returns and other reporting to the group.

Decision support system

Review of Financial reporting and process efficiencies and regulatory compliance for Finance related aspects

Cost Saving Initiatives/Revenue generation initiatives

Analysis

Group and BRCM audits

Handling annual Statutory Audit

Customers / Stakeholders

Business partnering

Customer and stakeholders

Leadership & Teamwork

Self-Development, Teamwork and Training 

Operational Effectiveness & Control

Achieve high standards with respect to routine processes

Automation

Maintenance of Manuals and guidelines and ensure high standards of financial control

Operational Risk

Major Challenges

In this role the job holder is primarily responsible to ensure that all groupreturns are submitted on time (including adhoc requests) and ensuring timely completion of statutory and other audits. The key challenges for the job holder is:

• To ensure correct and timely preparation of all group returns
• Closure of the books of accounts on a monthly basis.
• Timely closure of the year-end financial statements as per IND AS with the statutory auditors.
• Tax related compiances
• Review of the group submissions prepared by the off-shore team and ensure compliance with group requirements
• The jobholder should have good understanding of asset management business, proficiency in accounting standards under both Indian Accounting Standards and International Financial Reporting Standards. The person should be an excellent communicator, highly analytical, very diligent and demonstrate a very high standard of professional integrity under pressure.

• The role will be based out of HSBC Asset Management – Head Office at Nesco office, Mumbai
• The jobholder will support the development and compliance with the accounting treatment underlying the financial reporting locally and for Regional/Group reporting purposes. Strict adherence to evolving accounting standards is core to management of HSBC’s accounting risk, an integral part of HSBC’s reputational risk. Recent history has shown that poor accounting can lead to significant financial consequences for guilty corporations

Observation of Internal Controls

• Maintains HSBC internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner.
• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Role Dimensions

·Cheque signing limits for various expenses in line with the Matrix approved by the Board of Directors of AMIN

-3-5 years of work experience in BFSI

-7-9 years of post qualified experience as a Chartered Accountant (this can be subsituted with more experience in relevant field, ie 6-10 years of experience)

-Goodknowledge on IFRS

-Good knowledge on Indian Accounting Standards

-Good communication and presentation skills

-Strong analytical and excel skills

-Good interpersonal skills

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Issued by HSBC Global Asset Management (India) Private Ltd