Taxation Analyst

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IDFC FIRST Bank
Mumbai City
INR 8,00,000 - 15,00,000
Be among the first applicants.
2 days ago
Job description

Role/ Job Title – Taxation Analyst

Function/ Department – Finance

Job Purpose
The role bearer has the responsibility to prepare and establish various financial analyses, opportunities quantifications, financial projections and capital adequacy calculations in order to provide management with all required financial data, with utmost accuracy, timeliness, and within set standards and guidelines. The role holder is expected to maintain the MIS system and generate periodical analytical reports to facilitate decision making. The role includes liaising with different functions whenever financial analysis support is requested and perform ad-hoc financial analysis requested by senior management to support informed decision making.

Responsibilities

Roles & Responsibilities:

  1. Perform financial and accounting related activities in a timely manner
  2. Manage day to day operations to ensure the processes are executed within agreed SLAs
  3. Perform month end closing activities such as revenue accounting, expense accounting, account reconciliation, etc.
  4. Manage account payables and receivables activities, credit and collection activities
  5. 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
  6. Design and review fiscal policies
  7. Undertake regular self-assessments to ensure all new risks are actively managed and mitigated
  8. Work closely with Technology to ensure that systems are developed to accommodate regulatory requirements and process improvements
  9. Ensure all operational documentation is maintained and is best in class
  10. Ensure financial and accounting reports are prepared in accordance to bank/regulatory rules and regulations
  11. Maintain accurate financial data and reports for submission to senior management
  12. Address financial issues and inquiries in a timely manner
  13. Prepare daily cash flow reports and register all outstanding payment records
  14. Participate in regular audits and recommend corrective financial action plans
  15. Analytical review of the Financials for decision making
  16. Establishment of a properly staffed and appropriately trained Finance function
  17. Capture and share best-practice knowledge amongst the team
  18. Leverage in-house synergies through collaboration with internal stakeholders
  19. Keep abreast with global market trends and competitor strategies in key markets
  20. Create an environment that promotes collaborative learning and collective ownership of responsibilities
  21. Attract and retain best-in-class talent for key roles in their reporting structure
  22. Ensure adherence to benchmarks/processes set up for finalizing commercials and other key parameters

Educational Qualifications
Graduate – Any
Post Graduate- Any
Professional Qualification- CA

Experience
Minimum of 10+ Years in Finance

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