Accounting Manager - Banking & Finance

E.SUN Commercial Bank, Ltd., Mumbai Branch; Mumbai; On-site; INR 1,000,000 - 1,600,000; Full time

Job summary

E.SUN Commercial Bank, Ltd., Mumbai Branch is seeking an experienced Accounts Manager to oversee accounting operations, financial reporting, taxation, regulatory compliance, and audit coordination for our Mumbai branch. The role requires strong technical credentials and the ability to coordinate with Head Office, auditors, and regulators.

Ideal candidates have deep knowledge of GST, TDS, RBI reporting, budgeting, financial analysis, and statutory audits, with a track record of accurate, timely

Qualifications

• CA qualified.
• MBA in Finance or B.Com with CA Intermediate may be considered; CA preferred if experience matches.
• Strong understanding of Indian accounting standards, taxation, statutory compliance, and financial reporting.
• Banking or financial services experience is an advantage.

Responsibilities

• Oversee monthly, quarterly, and annual financial statements for Head Office and RBI reporting.
• Manage day-to-day accounting—GL, journals, provisions, accruals, reconciliations, AP/AR.
• Record entries in CBS for expenses, reimbursements, benefits, assets.
• Monitor revenue, expenses, margins, and inter-office accounts.
• Prepare audit schedules, respond to queries, and coordinate with auditors.
• Prepare budgets and MIS reports, analyze data for management decisions.

Skills

GST compliance

TDS compliance

Regulatory reporting

Audit coordination

Financial reporting

CBS understanding

Excel proficiency

Analytical skills

Education

CA (Chartered Accountant)

MBA in Finance or B.Com + CA Intermediate

Tools

Core Banking System (CBS)

MS Excel

MS PowerPoint

Job description

We are looking for an experienced and detail-oriented Accounts Manager to oversee accounting operations, financial reporting, taxation, regulatory compliance, and audit coordination for our Mumbai branch.

The ideal candidate will have strong experience in financial accounting, GST and TDS compliance, RBI reporting, budgeting, financial analysis, and statutory audits. The role requires close coordination with Head Office, internal departments, external auditors, tax consultants, and regulatory stakeholders to ensure accurate financial reporting and compliance with applicable banking regulations and Indian statutory requirements.

Key Responsibilities

1. Financial Accounting and Reporting

• Prepare monthly, quarterly, and annual financial statements for Head Office reporting and applicable RBI reporting requirements.
• Manage day-to-day accounting operations, including general ledger, journal entries, provisions, accruals, reconciliations, accounts payable, and accounts receivable.
• Record accounting entries in the Core Banking System (CBS) for operational expenses, reimbursements, employee benefits, fixed assets, and other financial transactions.
• Monitor revenue, expenses, provisions, margins, accounting adjustments, and outstanding balances.
• Ensure timely reconciliation and management of suspense accounts, inter-office accounts, internal accounts, receivables, and payables.
• Prepare and maintain accurate financial records, supporting schedules, and accounting documentation.

2. Regulatory Compliance and RBI Reporting

• Prepare and file applicable RBI returns and regulatory reports within prescribed timelines.
• Ensure compliance with relevant RBI regulations, banking policies, and statutory reporting requirements.
• Compile, validate, and maintain financial data and MIS reports for regulatory submissions.
• Prepare supporting presentations, explanations, and documentation in response to regulatory and compliance-related queries.
• Monitor regulatory updates and coordinate with relevant stakeholders to implement necessary changes.

3. Taxation and Statutory Compliance

• Oversee preparation of financial data for monthly GST returns and quarterly TDS returns.
• Ensure accurate GST invoicing, tax reconciliations, and timely statutory payments and filings.
• Coordinate with tax consultants for income tax returns, tax forms, and compliance requirements for the bank and expatriate employees.
• Prepare documentation for nil or lower-rate tax deduction certificates, wherever applicable.
• Monitor changes in GST, TDS, income tax, labour laws, provident fund, and labour welfare fund requirements.
• Ensure adherence to applicable statutory deadlines and maintain appropriate supporting documentation.

4. Audit Management

• Coordinate with internal auditors, statutory auditors, concurrent auditors, tax auditors, and Head Office audit teams.
• Prepare audit schedules, reconciliations, supporting documents, and financial information.
• Respond to audit queries and facilitate timely completion of audits.
• Track audit observations and coordinate corrective actions with the concerned departments.
• Ensure proper documentation, internal controls, and adherence to accounting policies and procedures.

5. Budgeting, MIS and Financial Analysis

• Prepare annual and periodic budget estimates for operating expenses and fixed assets.
• Monitor actual expenditure against approved budgets and investigate significant variances.
• Prepare financial MIS reports, data backups, and management presentations.
• Analyse financial information to support management decisions and cost control.
• Submit financial reports, supporting data, and other required information to Head Office in a timely manner.

6. Head Office Coordination and General Responsibilities

• Coordinate with Head Office and relevant departments for financial reporting, accounting policies, and regulatory submissions.
• Ensure timely submission of financial and operational information to Head Office in Taiwan.
• Maintain effective communication with management, internal stakeholders, auditors, and external consultants.
• Support process improvements, internal controls, and accounting system accuracy.
• Undertake additional accounting, compliance, and finance-related assignments as directed by management.

Required Qualifications

• Chartered Accountant (CA) qualified.
• Candidates with MBA in Finance or B.Com with CA Intermediate may be considered if they meet the relevant experience and role requirements; however, CA-qualified candidates are preferred for this position.
• Strong understanding of Indian accounting standards, taxation, statutory compliance, and financial reporting.
• Banking or financial services industry experience will be an advantage.

Required Experience

• 8-10 years of relevant experience in accounting, finance, taxation, regulatory reporting, and audit management.
• Proven experience managing accounting operations and financial reporting independently.
• Practical knowledge of GST, TDS, income tax, statutory audits, and regulatory compliance.
• Experience in banking, financial institutions, or regulated financial services is preferred.

Desired Skills

• Strong knowledge of financial accounting, general ledger, reconciliations, provisions, and accruals.
• Expertise in GST and TDS compliance, tax filings, and statutory payment management.
• Understanding of RBI returns, banking regulations, and Core Banking Systems (CBS).
• Experience in accounts payable, accounts receivable, budgeting, forecasting, and financial analysis.
• Strong Microsoft Excel, Word, and PowerPoint skills.
• Excellent analytical, problem-solving, and organisational skills.
• Ability to multitask, prioritise deadlines, and work effectively under pressure.
• Strong interpersonal, written, and verbal communication skills.
• High degree of accuracy, confidentiality, accountability, and attention to detail.