Central Bank Of India jobs - 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”.