Associate (Senior Manager) - Finance, SG Bank India (Mumbai)

Permanent contract|Mumbai|Finance

Associate (Senior Manager) - Finance, SG Bank India (Mumbai)

  • Mumbai, India
  • Permanent contract
  • Finance


Job Summary: -

•    To manage the accounting (Local Accounting standards, IFRS & French requirements), finance audits, regulatory inspection, local & group reporting and MIS for the Bank
•    Responsible for the Tax (Direct & Indirect) for the group entities in Mumbai

Main Responsibilities: - 

1.    Accounting & Closing
•    Manage & monitor all aspects of accounting operations, oversee all transactions related to general ledger, receivables, payables, payroll and financial reporting
•    Ensure compliances of the accounting standards and ensure risk compliance operations within the Group
•    Assist & work with the Group to comply with IFRS & French requirements 
•    Manage monthly closings as per Local GAAP & Group (IFRS & French) GAAP as per group timelines & manage monthly reporting to group CFO
•    Manage, enhance and implement financial and accounting systems, processes, tools and control systems
•    Represent finance department to present in the various KPI meetings and governance meetings
•    Manage the quality of outsourcing service
•    Contribute to Local & Regional projects, as required

2.    Taxation 
•    Monitor developments in direct and indirect tax legislation and rulings.
•    Ensure all direct and indirect compliances on monthly, quarterly and annual basis
•    Monitor, Manage & Co-ordinate with Tax consultants for all Tax assessment & Litigation matters. Represent the Company on all Tax assessments & Litigations.
•    Co-ordinate & manage all the Tax related projects such as  Advance pricing Agreement related filings & finalization
•    Co-ordinate for group FII tax returns & compliances. Manage & co-ordinate the tax assessments and litigations at different levels of tax departments.
•    Comply with the transfer pricing requirements - both group and the local regulations
•    Provide support to business for project implementation & business developments.
•    Manage Audits, Tax filings & assessments & Liquidation Process of dormant entities of the group
•    Manage monthly & weekly reporting to the Local & Regional Management

3.    Statutory Audits & Regulatory Inspections
•    Provide all the information for Audits and also regulatory inspections

4.    New Regulatory Circulars & New Products
•    Provide information and impact assessments of the New regulations & Products on Accounting & Taxation

5.    Automation Initiatives 
•    Identify scope of improvements for time/effort saving, fine tune the processes and streamline the entire reporting chain.
•    Participate in Automation Projects – Documentation of Business requirements, Testing phases like UAT and parallel run

Profile required

Academic Background (degree and major): - Chartered Accountant and Relevant Certifications as recommended under Capacity Building Policy

Relevant Working Experience in number of years: - 8+ years of experience in Banking Industry

Skills & Competencies required: - 

•    In depth understanding of Accounting Process/Derivatives/FX.
•    Strong tax technical, tax strategy, tax risk management, tax compliance and tax accounting knowledge and skills
•    Knowledge of Financial Accounting & Reporting
•    Knowledge of Banking Products Responsibility – ability to manage time and prioritize tasks
•    Client centricity - problem solving skills, ability to understand anticipate client needs
•    Team Spirit – Ability to build relationships with both internal & external stakeholders
•    Strong communication skills
•    Basic project management

Language Skills: - English

Computer Skill: - Excellent knowledge on Excel, Powerpoint, Access

Business insight

Societe Generale is one of the leading financial services groups in Europe. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth, putting its resources to work to finance the economy and its clients’ plans. With a solid position in Europe and a presence in countries with strong potential, the Group’s 145,700 employees in 66 countries support 31 million individual clients, large corporates and institutional investors worldwide by offering a wide range of advisory services and tailored financial solutions.
Societe Generale was established in India in the year 1978. In 1985, Societe Generale Bank commenced operations as a Scheduled Commercial Bank in Mumbai. Since then it has a proud legacy of servicing corporates and clients. New branches were added in Delhi (1993).  Societe Generale not only offers an extensive product portfolio to different market segments, but customizes solutions in investment banking, global finance and global markets.

Societe Generale is an equal opportunities employer and believes that a diverse and inclusive workforce should be encouraged and recognized.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 23000FAZ
Entity: Societe Generale India
Starting date: 2023/07/01
Publication date: 2023/05/10