About the organization :
Incorporated in Jul 2022, State Bank Operations Support Services is a wholly owned subsidiary of SBI for providing Operations Support Services to SBI.
Role Overview - Responsible for overseeing all accounting operations, ensuring accuracy and compliance in financial reporting, managing budgets and forecasts, and analyzing financial data to support business decisions.
Balance Sheet / GST / Taxation / Billing.
Role & responsibilities :
- Accounting Operations Management : This includes overseeing tasks like accounts payable and receivable, general ledger, cost accounting, inventory accounting, and revenue recognition.
- Financial Reporting & Analysis : Preparing and analyzing financial statements (balance sheet, income statement, cash flow), variance analysis, and management reporting.
- Budgeting & Forecasting : Coordinating and directing the preparation of budgets, financial forecasts, and variance analysis.
- Compliance & Audit : Ensuring compliance with financial regulations and legal requirements, managing both internal and external audits, and preparing regulatory reporting.
- Internal Controls : Developing, documenting, and monitoring business processes and accounting policies to maintain and strengthen internal controls.
- Cash Flow Management : Monitoring and managing the company's cash flow to ensure sufficient liquidity.
- Stakeholder Management : Communicating financial information and insights to various stakeholders, including management, auditors, and potentially investors.
- Financial Strategy & Planning : Contributing to the development of the company's financial strategy and long-term financial planning.
- Risk Management : Identifying and mitigating financial risks through effective risk management procedures.
ref : iimjobs.com)