Central Bank Of India jobs for Chief Financial Officer in Mumbai. Last Date to apply: 08 Mar 2021
Job Description
1. Name of the Post: Chief Financial Officer
2. No. of Posts & Location: One ( 1 ) at Mumbai
3. Qualification: He/ She should be a Qualified Chartered Accountant
4. Work Experience: Mandatory Experience : Fifteen years in overseeing Financial operations preferably Accounting and Taxation matters in Banks/ Large Corporates/PSUs/FIs (of which five years should be at Senior Management Level)
5. Pay and allowances: Pay & Allowances as applicable to General Manager in Scale VII
6. Tenure: Minimum fixed 3 years Tenure, extendable further subject to satisfactory performance in Annual Performance Review.
7. Job Profile: The CFO will have primary responsibility for the planning, implementation, managing and running of all the finance activities of the Bank, including business planning, budgeting forecasting and negotiations.
a) Responsible for timely preparation and submission of financial statements including profitability statements and Annual reports of the Bank.
b) Overseeing the Statutory Auditing Process which includes appointment of Auditors, Communication of guidelines and conduct of Audit throughout the Bank
c) Monitoring critical Financial Parameters (Capital Adequacy, Non-Interest Income, ROA, ROE etc.) for the Bank and flagging risks to the finances – operational, market etc. and developing strategies to counter / mitigate the same.
d) Establish accounting policies and procedures wherever required.
e) Compliance with financial regulations and standards wherever applicable.
f) Communicate both the Bank’s expected and actual financial performance.
g) Ensuring Regulatory and Statutory filing and compliances of Direct and Indirect Taxes (GST), various regulations viz RBI, SEBI, MoF etc. Compilation of financial statements in accordance with Indian Accounting Standards (In-AS). Policy formulation on the relevant functional area. Ensure preparation and administration of staff incentive scheme (Individual, Group and campaign) as per the guidelines of GOI with inputs from vertical heads.
h) Overseeing development and maintenance of MIS Report system to ensure accurate and updated reporting.
i) Any other work entrusted by the Bank from time to time.
Age Limit:
Maximum age as on 30-06-2021: 55 years
Application Fees:
Application fees ( Non-Refundable) = Rs. 1000/- plus GST Rs.180/- Total Rs 1180.00 by way of Demand Draft drawn on any nationalized bank in favor of Central Bank Of India and payable at “Mumbai”.
Job Particulars
Role accountant
Who can apply Freshers
Hiring Process Face to Face Interview
Employment TypeFull Time
Job Id1122244
Job Category Govt Jobs , Bank , 1 to 3 Yr Exp , Finance
Locality Address
State Maharashtra
Country India
About Company
Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'. In fact, such was the extent of pride felt by Sir Sorabji Pochkhanawala that he proclaimed Central Bank of India as the 'property of the nation and the country's asset'. He also added that 'Central Bank of India lives on people's faith and regards itself as the people's own bank'.
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