Head - Financial Control Team - CA

Looking for a qualified CA

Job Purpose:

- Ensure timely review and analysis of adequacy & effectiveness of financial controls across the Finance function to minimize actual and potential operational losses. Implement compliance towards organizational controls, operating policies/procedures and regulatory requirements.

- Evaluate and appraise the senior management of any potential problems arising out of the risk/control assessment.

- Interface with various operating units in Accounts, process and risk team to ensure highest audit ratings for the function.

- Review and comment on accuracy of financial reporting procedures.

- Accountability Supporting Actions

4) Principal Accountabilities: Appraise senior management in Finance function on opportunities for process improvements / establishment of necessary controls aimed at minimizing operational loss on account of frauds/misuse of gaps and Administer realignment of processes to best organizational practices and assure process compliance

1. Review existing processes across all sub-functions of Finance.

2. Ensure key control testing within the Finance function and cross functional processes to ensure process compliance using Risk Control Self Assessment technique.

3. Interpret analytics (predictive analysis) / technology framework (Audit Command Language) to identify, mitigate and manage potential frauds in various payables in the accounts area.

4. Analysis of operational losses and reporting reasons / cause of incidents giving rise to such operational losses.

5. Review roles and responsibilities within and beyond functions / processes to identify potential risks / inadequate controls

6. Publish Noise Dashboard to highlight the TAT of key activities of the accounts and the functions.

Review policies and Initiate appropriate changes and render support to improve the quality of accounting :

1. Review from time to time organizational accounting policies and other policies having financial impact to identify gaps/areas of improvement.

2. Design changes to policies in consultation with the relevant departments/stakeholders with the view of plugging any apparent gaps/areas leading to leakage

3. Review accrual management processes and devise appropriate mechanism to validate accruals

4. Review aging of balance sheet accounts and recommend necessary action for clean up of accounts

5. Review to comment on completeness of accounts

6. Establish system controls, wherever necessary, to ensure quality of books of accounts.

7. Analyse key accounts to identify any major gaps and highlight in MIS dashboard.

8. Secure access to accounts within various units of the finance function to ensure quality of books of accounts and segregation of duties.

Initiate process integration and influence process automation initiatives within the finance function to increase visibility and transparency of information :

1. Identify interrelated activities within the finance function and comment on flow/availability of information.

2. Recommend and implement suitable integration techniques

3. Identify manual intervention areas with potential control risks.

4. Suggest automation for enhanced controls.

5. Provide collaborative support in implementation of automation initiatives.

Conceptualize and accomplish exception reporting for financial processes:

1. Design and conceptualise 'Exception reports' for key control areas and publish dashboards to sensitize the senior management

2. Interpret process gaps or areas of misuse of policies and recommend appropriate changes

3. Analyse trends of exceptions to take suitable action on the factors that contribute to the exception

4. Conduct investigation based on trends in exception reports and report findings of investigation to the appropriate forum to suitable action to be initiated.

Expense control :

1. Identify areas of leakage through exception reporting.

2. Interpret trends to highlight areas of expense control or areas where there is scope for better expense management.

3. Establish standards for incurrence of expenditure at branches or HO and highlight outliers to the appropriate forum for taking corrective action.

Facilitate Internal Audit Coordination :

1. Supervise liasoning with other sub-functions within Finance for smooth conduct of internal audit.

2. Coordination within Finance verticals to facilitate closure of audit points within stated timelines.

3. SPOC from Finance function for all interactions with Internal Audit team.

4. Initiate corrective action on the basis of internal audit reports within various units of finance function.

5. Derive process gaps from audit reports and plug them by designing appropriate changes.

Team Management:

1. Optimize Employee Talent and Expertise.

2. Ensure adequate Training, Development opportunities and Career pathing is established for the team.

3. Motivate the team and maintain employee satisfaction at optimal levels.