Statutory Auditor

Talent Corner Hr Services; Mumbai Suburban, Navi Mumbai, Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Talent Corner Hr Services seeks Chartered Accountant with BFSI audit experience to lead audits for banks and NBFCs in Mumbai. You will assess risk, design audit programs, and test financial controls to ensure compliance with regulatory standards.

The role requires strong analytical and communication skills to report findings and collaborate with senior management and regulators. Relevant accounting knowledge and meticulous attention to detail are essential.

Qualifications

• CA with BFSI audit experience, focusing on banks and NBFCs.
• Knowledge of auditing standards, regulatory requirements, and banking accounting principles.
• Experience planning and executing audits including risk assessment, testing, and documentation.
• Strong analytical and problem-solving abilities to identify audit issues and propose solutions.
• Excellent communication and interpersonal skills for client interaction.

Responsibilities

• Plan and execute audits of banks and NBFCs per standards and regulatory requirements.
• Conduct risk assessment and develop audit programs to address key audit risks and objectives.
• Test financial transactions, controls, and processes to ensure accuracy and compliance.
• Review financial records to identify discrepancies and ensure completeness in auditing.
• Interact with senior management, audit committees, regulatory authorities, and client personnel to discuss findings.

Skills

Analytical skills

Problem solving

Communication

Interpersonal skills

Teamwork

Attention to detail

Education

Chartered Accountant

Job description

Role & responsibilities

• Plan and execute comprehensive audits of banks and NBFCs in accordance with auditing standards and regulatory requirements.


• Conduct risk assessment and develop audit programs to address key audit risks and objectives.


• Perform detailed testing of financial transactions, controls, and processes to ensure accuracy and compliance


• A strong eye for detail is essential in auditing to ensure accuracy and completeness in reviewing financial records and identifying discrepancies or irregularities

Regulatory Compliance

• Review and assess compliance with regulatory requirements, including banking regulations,RBI guidelines, and accounting standards.


• Stay updated on regulatory changes and updates affecting the BFSI sector and incorporate them into audit procedures.


• Provide recommendations to clients for enhancing compliance and mitigating regulatory risks.

Financial Analysis and Reporting

• Analyze financial statements, including balance sheets, statements of profit & loss, and cash flow statements, to identify anomalies, trends, and areas for improvement.


• Prepare detailed audit reports highlighting findings, recommendations, and observations for management and regulatory authorities.


• Communicate audit results and insights effectively to clients, addressing any concerns or queries they may have.

Stakeholder Management

• Interact with key stakeholders, including senior management, audit committees, regulatory authorities, and client personnel, to discuss audit findings and recommendations.


• Build and maintain strong relationships with clients, demonstrating professionalism,integrity, and expertise in auditing.

Preferred candidate profile

Qualified Chartered Accountant with experience of audit experience in the BFSI sector, with a focus on banks and NBFCs.

• In-depth knowledge of auditing standards, regulatory requirements, and accounting principles relevant to the banking and NBFC industry.


• Proven experience in planning and executing audits, including risk assessment, testing, and documentation.


• Strong analytical skills with the ability to interpret complex financial data and identify audit issues and opportunities.


• Strong problem-solving skills to address issues efficiently and propose effective solutions


• Excellent communication and interpersonal skills, with the ability to interact effectively with clients and colleagues.


• Ability to work independently and as part of a team, managing multiple engagements and deadlines effectively.