Job Title: Financial Controller, India Reports to (Title) Chief Finance Officer, India

Organization Unit Finance Location Mumbai, India

Organisation Unit Purpose:

- Financial Statement preparation, Financial Statement Consolidation, Balance Sheet Reporting, Treasury middle office, Regulatory Reporting, Taxation Compliance of the Bank's Business in accordance with IFRS and GAAP.

Job Purpose:

- Financial Controller, will be responsible for all aspects of Financial Control and Analysis, Management Reporting, Performance Reporting, Taxation (Direct Taxation and Indirect Taxation), Management Information System, Balance Sheet preparation, Reconciliation & Suspense accounts monitoring, Business Planning & Analysis and regulatory reporting.

- Will also be responsible for Vendor Payments and related Accounting.

Job Content:

Key Deliverables Performance Measures Main Tasks:

- Financial Reporting Zero error documents - Financial Statement Preparation, Financial Statement Consolidation, Balance Sheet Reporting, Regulatory Reporting in accordance with Indian GAAP and IFRS for consolidation with Parent Banks' balance sheet.

- Ensure accurate reporting and timely resolution of reconciling items.

- Active control and ownership of Nostro and Suspense Account Reconciliations and related processes.

- This has a direct impact on Capital Adequacy Ratio and is an important Financial Control responsibility.

- Participate in the monthly close cycle and related quarterly reporting cycles.

- Provide various ad hoc reporting and assistance as needed.

- Monitoring of India business performance and provide the management variance analysis on the actual vs budget performance

- Assist with funding facility related processes as needed.

- Assisting in ENBD India's annual budgets and forecasts / performance plans.

Taxation and its Compliance:

Manage liaison with tax authorities & advisors - Complete ownership of Indian Direct Tax & Indirect Tax Compliance including internal & external reporting, tax accounting and tax planning.

- Completion of returns and payments associated regulatory authority (eg: Service Tax, With Holding Tax (TDS - India terminology) payments and reporting.

- Completion and submission of various Tax Returns E.g. corporate tax

- Liaise with all Group Risk Units (market/ operational/ credit) to ensure conformity from finance perspective.

- Implement Goods and Services Tax (GST) for the Bank. Ensure timely compliance reporting under the GST regulations once implemented.

- Accounts Payable Timeliness and accuracy Ensure timely, accurate payments and accruals in accordance with bank requirements.

- Providing senior management with qualitative MIS on payments related aspects.

- Communication and Coordination Collation of information, working with external service providers for inputs, reviewing submissions, attending all audit hearings, communicating and coordinating with auditors, tax department officials and Senior Management

- Coordinating for Tax Assessment proceedings before the assessing officer / appellate authorities / tribunals or high courts

- Holding routine meetings with Indian Tax Authorities and managing related submissions

- Identifying and escalating unusual or significant accounting and tax related issues to the Senior Management with recommendations for necessary action

- MIS and Regulatory Reporting Timeliness and accuracy Analyze budgets, participate in financial audits and prepare tax reports to present to Senior management

- Assisting in preparation of internal PAC notes from taxation and compiling MIS Reports for Senior Management, Board, Audit Committee on taxation matters

- Co-ownership of Finance related various internal / RBI regulatory reports (entity level RBI reporting like Form X, DSB Returns etc).

- Audit and Inspections by RBI, Concurrent, Statutory and Internal Auditors Manage liaison with external auditors

- Co-ownership of Audits that the bank is subject to. These will include RBI Inspections, ongoing Concurrent audits, annual Statutory Audits and Internal audits by Head Office etc.

- Ensuring timely closure of observations by auditors by respective departments and ensuring that robust processes are put in place to avoid repeat issues.

New products / initiatives New product success:

- Supporting the Senior Management, Finance & Accounts Team, pan India Payment Team on various Non-Indian Tax Compliance work and ad-hoc tax projects, as required

- Initiating and integrating India tax planning opportunities, monitoring industry issues and analyze legislative proposals/ statutory amendments to maximize tax savings opportunities and contribute to enhance stakeholders value while complying with tax laws and regulatory obligations

- Research and develop tax accounting strategies that influence the decisions of other financial managers, such as controllers or the chief financial officer.

Key Internal and External Interfaces and Committee Memberships:

- Interface (Int./Ext) Reason Committee Reason

Auditors & Regulators (external) Manage:

- External auditors, RBI, statutory, concurrent, tax advisors, Taxation authorities etc.

- Finance and other key business stakeholders (internal) Business partnering

Problems & Decisions:

- Problems solved / Decision made Desired Outcome

- Spot/ Identify issues regarding corporate accounts and taxation warranting action/ decision by senior management Input to Senior management around implications and risks on business associated with accounting / taxation related issues to enable decision making

Job Dimensions:

- Regulatory reporting, business performance, financial control, payables, taxation management Timely and accurate reporting Manage internal and external reporting interface, maintain robust controls Proactive engagement with finance, business stakeholders and internal / external auditors

- Compliance Compliance with applicable standards and policies Financial statements Accurate and error free

Person Specifications:

Job Knowledge:

- Prior experience in a Financial Control, Corporate Accounts & Taxation responsibilities

- Knowledge in financial accounting and reporting in a banking and financial services environment

- Expert level knowledge of all applicable accounting standards and Taxation (both Direct & Indirect)

- Knowledge of FTP and hands on experience in budgeting will be an added advantage Essential

Skills Technical & Professional:

- In-depth knowledge of accounting standards (Indian GAAP, IFRS), Taxation Accounting and reporting requirements.

- Ability to maintain robust financial controls

- Strong analytical skills

- Understand budgeting and performance management including FTP will be an added advantage Essential

Managerial & Leadership:

- Ability to interact at various levels within & outside the organization and partner with finance and key business stakeholders

- Decision making capabilities

Essential:

- Behaviors: Previous experience of working in a multi cultural dynamic environment Desirable

- Prior work experience required: Must have minimum 15 years of experience in Financial Control and Taxation areas Essential

- Education and/or professional qualification: Chartered Accountant / CPA Essential