Audit & Accounts Specialist

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About the Organization

SBI Foundation was launched in 2015 by the State Bank of India to carry out its CSR activities as well as those of its subsidiaries. As the CSR arm of the premier bank of India, SBI Foundation aims to be the leading institution promoting growth and equality responsive to the communities it serves, particularly the vulnerable and marginalized sections of the society. Our CSR activities are widespread and deep-rooted and have made a true difference in the lives of  over a million beneficiaries. We are committed to contributing positively to the Sustainable Development Goals (SDGs) by bringing about positive changes in the lives of the underprivileged sections of society.

Job Description

The Audit & Accounts Specialist will assist the SBI Foundation in overseeing all financial operations, direct corporate financial planning and structure, and ensure compliance with relevant regulations. The candidate will play a crucial role in managing audit queries which include CAG, Statutory Audit, Internal Audit, Secretarial audit and Board operations and oversee key finance and accounts tasks. This role requires someone with expertise in regulatory compliance, auditing, and financial management to ensure smooth operations and adherence to audit requirements at SBI Foundation.

Job Responsibilities:

• Work closely with accounting and finance teams to ensure accurate financial reporting and auditing processes.
• Manage and respond to audit queries, for various audits that take place in SBI Foundation.
• Assist in implementing corrective actions based on audit findings.
• Ensure that correct financial practices are followed for audit and compliance processes.
• Collaborate with internal teams to gather the required information and documentation for audit responses.
• Monitor compliance with the internal policies, procedures and relevant financial regulations.
• Prepare and review financial statements and audit report to ensure accuracy and compliance with the accounting standards and regulations.
• Assist in the preparation of annual financial reports and audits, liaising with external auditors as needed.
• Plan, execute, and report on any audit assignments, ensuring adherence to audit standards and timelines.
• Support cross-functional teams in addressing audit findings and implementing corrective actions.
• Prepare detailed reports for management and stakeholders, highlighting key findings and action plans.
• Stay updated on industry trends, changes in regulations, and best practices in auditing and accounting.

Education Qualification/Required Skills & Experience

Experience:

• Minimum 15 years of experience in compliance, finance, accounts and audit. Preference will be given to retired employee or who has taken VRS from Bank/Central Govt.

Education Qualification: -

• Bachelor's Degree in any discipline.
• Master's Degree in Finance, Accounting, Business Administration, or a related field (preferred).
• Professional Certifications such as Chartered Accountant (CA), Certified Public Accountant (CPA), or equivalent (preferred).

Skills:

• Strong knowledge of accounting principles, financial regulations and auditing standards.
• Excellent analytical and problem-solving skills.
• Proficiency in financial software and MS Office Suite.
• Strong organizational and time-management skills.
• Excellent communication and interpersonal skills to collaborate with regulatory authorities, C&AG, stakeholders and various auditors of the Foundation.

 

Application Process: Please access this link to submit your application –https://forms.gle/kkKK4zbPv1gUqCHi8

The application submission deadline is Monday, 25.11.2024.

For more information please check the Link

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