Manager / Senior Manager - Finance (Societe Generale Bank)

Job Summary

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

• Academic Background (degree and major):
  Chartered Accountant and Relevant Certifications as recommended under Capacity Building Policy
  
  
• Relevant Working Experience in number of years:
  7 - 8 years of experience in Banking Industry
  
  
• Skills & Competencies required:
  
  • In depth understanding of Accounting of banking products/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
  • Basic project management

Client-:

• •  Ability to put long term relationships with clients / internal partners at the centre of one’s actions
  • Ability to satisfy clients/ internal partners while taking into account risks for the company

 Team Spirit-:

• • Ability to build synergy within and outside of the team
  • To have a collective and an open mindset
  • To be able to listen actively and share information within the team and with other teams as well
  • Ability to deal with conflicts proactively and in a positive mode

Innovation

• • Ability to make things and ideas simple
  • Ability to adopt new technologies in the solutions and projects that one works on

Responsibility-:

• • Ability to express one’s convictions and act with courage
  • Ability to make decisions within the scope of one’s responsibilities
  • Having a risk mindset
  • Striving for high performance

Commitment-:

• • Ability to create a positive attitude in the team
  • Ability to honor commitments, foster a climate of trust
  • Ability to empathize
  • Being able to continuously develop one’s competencies and knowledge

• Language Skills:
  English 
  
  

• Computer Skill:
  Excellent knowledge on Excel, PowerPoint, Access

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.