VP [M1]- Financial Accounting

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region.   SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network.  We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

Financial Reporting

• Responsible for preparation and review of Financial Statements as per RBI/ Local regulatory reporting
• Manage audits/ external reviews like statutory audit, internal audit, regulatory inspections etc
• Manage and be responsible for other activities for the Financial Accounting team, including management of daily controls, project management, new product evaluation etc
• Lead the preparation of IFRS Financial Statements for Bank and consequential accounting adjustments
• Supervise and be responsible for preparation and submission of Head office reports.

Others

• Build strong networking within banking fraternity and regulators
• Participate in strategic initiatives and lead bank level projects
• Appointments of Auditors in adherence with RBI guidelines and internal rules
• Manage effective relationship with internal / external stakeholders
• Knowledge sharing
• Motivate, train and develop staff
• Maintaining strong risk management culture

Knowledge – Strong accounting knowledge {indian GAAP, IFRS, Regulatory prescriptions), working knowledge of taxation

Skills – Strong Communication and analytical skills, excellent negotiation skills, project management and decision-making abilities. Strong Interpersonal skills as dependency outside team for data. MS- excel proficiency

Experience – 15+ years of experience, preferably in Banking/ Financial services, Foreign/India Banks, understanding of Bank Financial statements and products, experience of team handling and working in a cross-cultural environment, exposure to Direct taxation and international Transfer pricing.

Qualifications - CA and/or higher equivalent qualification in Accounting / Taxation,