Chief Financial Officer

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About the Organization

NABARD is India’s apex development bank, established in 1982 under an Act of Parliament to promote sustainable and equitable agriculture and rural development. In its journey of more than four decades, the premier development financial institution has transformed lives in Indian villages through agri-finance, infrastructure development, banking technology, promotion of microfinance and rural entrepreneurship through SHGs & JLGs and more. It continues to aid in nation building through participative financial and non-financial interventions, innovations, technology and institutional development in rural areas.

Job Description

Financial reporting (both Solo and Group)

• Oversee statutory Audit Function in the Bank and ensure timely completion of the audit.
• Reporting of Audit Results as per SEBI requirement. Compliance to SEBI (LODR) requirements / Disclosures
• Effective Budget Planning and control
• Coordinating with National Financial Reporting Authority (NFRA) and RBI for auditor related issues.
• Support head of finance in discharging various requirements as per SEBI guidelines from Financial Reporting perspective
• Keep Top Management updated about Profitability, NPA and other related projections.
• Deal with matters relating to finalization of provisions, reserves and dividend.
• Deal with all matters relating to Audit Report and related matters thereto.
• Collaborate and extensively engage with the Top Management / Board of Directors in creating a strategic roadmap for the organization.

Tax Compliance:

• Optimization of Tax Liability of the Bank
• GST and TDS Compliance

Accounting Systems:

• Developing and maintaining accounting systems as per the Accounting Standards and RBI Guidelines. Review and develop the internal Accounting Policies.
• Development and Maintenance of Internal Control over Financial Reporting (ICOFR)
• Implementation of IFRS /IND AS in Bank

Management Reporting:

• Maintaining close coordination with Finance Department for review of performance of the Bank and other related functions.

Any other function as given by Management from time to time.

Education Qualification/Required Skills & Experience

• Essential: Chartered Accountant
• Preferred: FRM Certification and / or CFA. Additional qualification like CAIIB, MBA Finance etc.

Experience:

• Minimum 15 years post qualification work experience (as on 01.04.2024) in overseeing financial operations, preferably accounting and taxation matters., in banks/ large corporates / PSUs / FIs / financial services organizations, of which 10 years should be in Banks / FIs (of which 05 years should be at senior management level.)

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