Business Finance Analyst Job in Mumbai at IDFC FIRST Bank

IDFC FIRST Bank is hiring for the role of Business Finance Analyst!

Responsibilities of the Candidate:

• Perform financial and accounting-related activities promptly.
• 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.
• Contribute to the preparation of the budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identified.
• Design and review fiscal policies.
• Undertake regular self-assessments to ensure all new risks are actively managed and mitigated.
• 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 per bank/regulatory rules and regulations.
• Maintain accurate financial data and reports for submission to senior management.
• Address financial issues and inquiries promptly.
• Prepare daily cash flow reports and register all outstanding payment records.
• Participate in regular audits and recommend corrective financial action plans.
• Establish 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.
• Attract and retain best-in-class talent for key roles in their reporting structure.
• Ensure adherence to benchmarks/processes set up for finalizing commercials and other key parameters.

Requirements:

• Graduation: Any Graduate
• Post-graduation: MBA/PGDM
• Experience: 02 to 05 Years of experience.