Punjab National Bank has invited applications for the post of Chief Financial Officer.
Punjab National Bank (PNB) is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. The bank was founded in 1894 and is the second-largest public sector bank (PSB) in India, both in terms of business and its network.
Educational Qualification
Qualified Chartered Accountant
Mandatory experience
- Fifteen years in overseeing financial operations, preferably
- accounting and taxation matters, in banks/large corporate /PSUs/
- FIs/financial services organizations, of which 10 years should be
- in Banks/FIs (of which five years should be at senior management
- level).
Age
Minimum Age – 45 and Maximum Age – 55 (As on 01.10.2020)
Desirable experience:
- In-depth knowledge of corporate financial law
- Excellent knowledge of data analysis and forecasting
- methods
- Ability to strategize and solve problems
- Strong leadership and organizational skills
- Excellent communication and people skills
- An analytical mind, comfortable with numbers
Term
On a fixed contractual term of three years, extendable by one year at a time, subject to a maximum term of five years.
CTC offered
At market linked compensation fixed by the Bank’s Board. Compensation shall not be a limiting factor for the right candidate and will be on case to case basis.
Roles and responsibilities
Finance strategy and forecasting:
- Drive the Bank’s financial planning
- Control and evaluate the Bank’s fundraising plans and
- capital structure
- Ensure cash flow is appropriate for the Bank’s operations
- Supervise and manage a team of all finance personnel.
Controllership duties:
- Presenting and reporting accurate and timely financial
- information (both Solo and Group) while following SEBI and
- RBI Compliances related to Financial Reporting
- Oversee Statutory Audit function in the Bank and ensure
- timely completion of the Audit.
- Reporting to Audit Results as per SEBI requirement
- Optimization of Tax Liability of the Bank
- GST and TDS Compliance
- Developing and maintaining accounting systems as per the
- Accounting Standards and RBI Guidelines
- Ensuring the timely completion and submission of financial
- and Statistical reporting for management and regulatory
- agencies.
- Informing and advising Top management on the
- organization’s financial condition
- Implementation of IFRS/IND AS in Bank
- Implementation & Compliance of FATCA/CRS & Country
- by Country reporting
- Supporting Group companies in compliance with the
- accounting & tax requirements as per local regulators
- Set up and oversee the Bank’s finance IT system
- Development and maintenance of a business continuity plan
- Any other assignment as given by higher authorities from time to time. The above roles & responsibilities are illustrative and not exhaustive.
Location of Posting : Delhi. However the candidate may be deputed to work anywhere else as deemed necessary.
For more details ad how to apply, click here.
