Operations Specialist

IDFC FIRST Bank; Thane; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

IDFC FIRST Bank in India seeks a Taxation Analyst to prepare financial analyses, quantify opportunities, project outcomes, and support decision-making with timely data. The role maintains MIS, generates reports, and collaborates with functions to provide financial analysis and ad-hoc support to senior management.

The candidate should have 4+ years of experience in finance, strong analytical skills, and a sound understanding of financial regulations.

Qualifications

• Graduate degree in any discipline with MBA preferred.
• CA qualification with accounting expertise is required.
• 4+ years in finance with strong analytical and regulatory knowledge.

Responsibilities

• Perform financial and accounting activities in a timely manner.
• Manage day-to-day operations to meet SLAs.
• Close monthly revenue, expense, and reconciliations.
• Manage accounts payable/receivable including credit and collections.
• Assist in budget preparation and monitor financial performance against budget.
• Design and review fiscal policies and ensure regulatory compliance.
• Prepare daily cash flow and report financial data to senior management.
• Contribute to audits and provide corrective action plans.

Skills

Analytical skills

Financial modeling

Regulatory knowledge

MIS systems

Communication

Attention to detail

Team leadership

Education

Graduate degree

MBA

CA

Tools

Accounting software

MIS software

Job description

Job Requirements

About the Role

The Taxation Analyst within the Finance department is responsible for preparing and establishing various financial analyses, quantifying opportunities, projecting financial outcomes, and calculating capital adequacy. This role ensures the provision of accurate and timely financial data to management, adhering to established standards and guidelines. The role also involves maintaining the MIS system and generating periodic analytical reports to support decision-making. Additionally, the Taxation Analyst liaises with different functions to provide financial analysis support and performs ad-hoc financial analyses as requested by senior management.

Key Responsibilities

Primary Responsibilities

• Perform financial and accounting-related activities in a timely manner.
• Manage day-to-day operations to ensure processes are executed within agreed SLAs.
• Perform month-end closing activities such as revenue accounting, expense accounting, and account reconciliation.
• Manage accounts payable and receivable activities, including credit and collection tasks.
• Contribute to budget preparation and monitor financial performance against the budget.
• Design and review fiscal policies.
• Ensure financial and accounting reports comply with bank and regulatory rules and regulations.
• Maintain accurate financial data and reports for submission to senior management.
• Prepare daily cash flow reports and register all outstanding payment records.
• Participate in regular audits and recommend corrective financial action plans.
• Conduct analytical reviews of financials to support decision-making.

Secondary Responsibilities

• Undertake regular self-assessments to actively manage and mitigate new risks.
• Collaborate with Technology to ensure systems accommodate regulatory requirements and process improvements.
• Maintain best-in-class operational documentation.
• Establish a properly staffed and appropriately trained Finance function.
• Capture and share best practices among the team.
• Leverage in-house synergies through collaboration with internal stakeholders.
• Stay updated with global market trends and competitor strategies.
• Create an environment that promotes collaborative learning and collective ownership of responsibilities.
• Attract and retain top talent for key roles within the reporting structure.
• Ensure adherence to benchmarks and processes for finalizing commercials and other key parameters.

What We Are Looking For

Education

• Graduate - Any discipline
• Post Graduate - MBA
• Professional Qualification - Chartered Accountant (CA)

Experience

• Minimum of 4+ years in Finance.

Skills and Attributes

• Strong analytical and financial modeling skills.
• Excellent understanding of financial regulations and accounting principles.
• Proficiency in financial reporting and MIS systems.
• Effective communication and collaboration skills.
• Ability to manage multiple tasks and meet deadlines.
• Attention to detail and commitment to accuracy.
• Capability to lead and train finance teams.
• Adaptability to evolving financial environments and technologies.