State Bank Operations Support Services - Financial Controller

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)