Tamilnad Merchantile Bank - Chief Financial Officer - CA

Job description:

- Recruitment of Chief Financial Officer in General Manager Cadre on regular basis Tamilnad Mercantile Bank Ltd., one of the leading old Private Sector Banks, on a high growth path invites applications from dynamic and result oriented individuals for the following post. Please read all the details, information and instructions carefully.

Chief Financial Officer in General Manager Cadre:

- Opening date for registering Online e-application 05.08.2024

- Closing date for registering Online e-application 17.08.2024

- Chief Financial Officer in GM cadre for Accounts Department on regular basis

- Age - Minimum 45 years and not more than 55 years as on 31.07.2024.

- However, in deserving cases the age may be relaxed.

- Educational Qualification - Chartered Accountant by Qualification

Experience/ Eligibility:

- Fifteen years in overseeing financial operations, preferably accounting and taxation matters, in Banks/ Large corporates / PSUs/ FIs/ Financial services organizations, of which 10 years should be in Banks/ FIs ( of which five years should be at senior management level).

- Tenor - Regular basis

- Remuneration - As applicable to Scale VII officer (under new pay structure)

Others:

- No vigilance case or adverse observation from RBI/Statutory Authority, shall be pending against the candidate identified for appointment as the GM (CFO).

Role of Chief Financial Officer:

- Managing the financial affairs, including management and statutory accounts together with longer term financial projections and to ensure that the most efficient and effective financial control systems and reporting mechanisms are in place.

- Preparing the year-end financial accounts for audit and to liaise with the Auditors prior to finalisation.

- Liaise with Inland Revenue, Customs and Excise, Income Tax Department and the Auditors.

- Takeover all GST matters and keeping abreast of current GST legislation.

- Managing all external contracts and to ensure that all the banks expenditure is correctly authorised and accounted for.

- To ensure the overall smooth running of the banks internal administration and its cost effectiveness.

- To ensure the banks legal responsibilities are met, in particular that all necessary insurance is properly in place.

- Direct accounting processes, overseeing the compliance of applicable legal regulations.

- Perform all kind of banking and financial operations.

- To follow the Long Form Audit report submitted by statuary auditors.

- Implementation of Ind As.

- Developing financial strategies at an organisational level by leading financial and accounting information, analysis, and recommendations to strategic thinking and direction of the Bank.

- Participating in the corporate decision-making process as a member of the management team with joint responsibility for the development of long-term corporate strategies and company policies.

- Management and Information Analysis: will be an advisor to the top management for providing financial insights on the following: competitive benchmarking, performance analytics, forecasting and budgeting, headcount and compensation forecasting, balance sheet management / ROE, unit costing, client profitability, regional profitability and product profitability. The Chief Financial Officer will also leverage corporate resources to standardize reporting and automate processes.

- Have a deep understanding of capital and liquidity management. He will be tasked with assisting on all funding decisions and helping to manage the balance sheet, capital dividend policy, and allocation of capital.

- Monitoring and review finance related policies, procedures and practices in line with international accounting standards, legal requirements and industry best practices.

- Along with the senior leadership team will be responsible for driving transformation and delivering shareholder value.

Procedure of Selection:

- The shortlisted candidates should appear for interview. They will be called for personal interview through Direct / Video Conferencing. The mode of interview, date and time will be communicated to the eligible candidates individually.

Application Fee: Nil

General Conditions:

- The posting will be at the Banks Head Office at Thoothukudi, Tamilnadu

- Canvassing in any form will be a disqualification

- The application should reach the Bank on or before 17.08.2024