Executive Vice President - Finance - BFSI - Contractual Role

Primary Job Responsibilities:
Financial Control:
- Formulate the accounting policy of company, maintaining the internal accounts and reporting of financial results through various statements of accounts.
- Work with other departments within the bank to develop risk management strategies and ensure that the bank is protected against potential financial losses.
- Flag operational/market risk to the finances and develop strategies to counter / mitigate the same.
- Ensure compliance with financial regulations and standards.
- Evaluate and payment of tax obligations, collecting delinquent taxes, and filing tax returns. Compile and present detailed tax audit reports.
- Completely hands on with Annual Statutory and Tax Audits and Finalization of Reports.
Financial Planning:
- Work closely with the top management and other members of the leadership team to develop and implement financial strategies that align with the organization's overall goals and objectives.
- Develop and manage the budget for the organization, including forecasting future financial performance and identifying areas for cost savings.
- Oversee the policy work relating to budget, including consolidation of budget for the bank, notes to Board, sanction of additional budget, review, and amendment of expenditure rules.
- Oversee the budget process, collect inputs, and compare actual performance vis- vis the budget estimates.
- Prepare the policy and broad guidelines regarding Business Continuity Planning (BCP) and liaise with Risk Monitoring Department to frame strategies for BCP.
- Make decisions regarding allocation of financial resources and ensuring that the organization uses its resources effectively.
- Ensure prudent management of the Bank's cash flow and associated financial risk exposures.
- Work with senior management in setting annual financial goals and targets for organization.
Investor Relations:
- Accurate and timely statutory reporting of financial information of company.
- Communicate Firm's expected and actual financial performance to relevant stakeholders.
Others:
- Ensure finance & accounts team is equipped with ethical & talented people.
- Review all formal finance related procedures, processes, and administration, recommending improvements to the systems in place and managing systems going forward.
- Ensure strict compliance to regulatory norms.
- Conduct of business in alignment with the vision, values, and policies.
- Any other work assigned from time to time
Professional Experience:
- Minimum 20 years of experience in financial sector; of which, 10 years' experience should be in RBI regulated entity; of which 5 years should be at senior management level.
- Must be able to think strategically and develop long-term financial plans that align with bank's overall business goals.
- Strong understanding of financial principles is a must.
- Experience in resource raising, treasury & bond markets will be an added advantage.
- Good knowledge of Indian accounting, taxation, and statutory laws.
- Proven experience of being able to contribute beyond numbers in managing the organization's growth & prosperity.
- Ability to establish and maintain effective working relationships with other department heads and governmental officials especially regulators.
- Structured approach to planning and project management.
- Self-motivated and action and result oriented.
- Stakeholder relationship management skills - able to influence and manage the expectations of senior executives and others.
Educational Qualifications: Chartered Accountant
Preferred: FRM Certification and / or CFA