Deputy General Manager (Deputy CFO)

From 10 to 20 year(s) of experience
₹ Not Disclosed by Recruiter
Posted: 10 days agoOpenings: 1Job Applicants: 462Job Views: 1677+

Job Description

Age: Minimum 45 years and not more than 55 years as on 31.03.2024

Educational Qualification: Graduate in any discipline and Chartered Accountant by Qualification Experience: Ten years of experience in overseeing financial operations in the Bank (of which five years should be at Senior Management level), preferably accounting and taxation matters. Work experience at Treasury/Financial Management/Risk Management /Credit Administration will be an added advantage.

Tenor: Regular basis

Remuneration: As applicable to Scale VI officer (under new pay structure)

Others: No vigilance case or adverse observation from RBI/Statutory Authority, shall be pending against the candidate identified for appointment as the DGM.

Role of Deputy General Manager for Accounts Department:

Managing the financial affairs, including management and statutory accounts together with longer term financial projections and to ensure that the most efficient and effective financial control systems and reporting mechanisms are in place.

Preparing the year-end financial accounts for audit and to liaise with the Auditors prior to finalisation.

Liaise with Inland Revenue, Customs and Excise, Income Tax Department and the Auditors.

Takeover all GST matters and keeping abreast of current GST legislation.

Managing all external contracts and to ensure that all the banks expenditure is correctly authorised and accounted for.

To ensure the overall smooth running of the banks internal administration and its cost effectiveness.

To ensure the banks legal responsibilities are met, in particular that all necessary insurance is properly in place.

Direct accounting processes, overseeing the compliance of applicable legal regulations. perform all kind of banking and financial operations.

To follow the Long Form Audit report submitted by statuary auditors.

Implementation of Ind As.

Developing financial strategies at an organisational level by leading financial and accounting information, analysis, and recommendations to strategic thinking and direction of the Bank.

Participating in the corporate decision-making process as a member of the management team with joint responsibility for the development of long-term corporate strategies and company policies.

Management and Information Analysis: will be an advisor to the top management for providing financial insights on the following: competitive benchmarking, performance analytics, forecasting and budgeting, headcount and compensation forecasting, balance sheet management / ROE, unit costing, client profitability, regional profitability and product profitability. The Chief Financial Officer will also leverage corporate resources to standardize reporting and automate processes.

Have a deep understanding of capital and liquidity management. He will be tasked with assisting on all funding decisions and helping to manage the balance sheet, capital dividend policy, and allocation of capital.

Monitoring and review finance related policies, procedures and practices in line with international accounting standards, legal requirements and industry best practices.

Along with the senior leadership team will be responsible for driving transformation and delivering shareholder value

Role:Finance Manager

Salary: Not Disclosed by Recruiter


DepartmentFinance & Accounting

Role CategoryFinance

Employment Type:Full Time, Permanent


UG:Any Graduate

PG:CA in Any Specialization

Company Profile

Tamilnad Mercantile Bank

Genesis & Growth

  • The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates back to 1921. The thought of establishing a bank under the guidance of the able Nadar business community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposal was effected soon. The bank was registered on May 11, 1921 as The Nadar Bank Ltd.
  • A group of dedicated men with shrewd acumen and sound integrity had been constituted as Board of Directors and they elected Shri M.V. Shanmugavel Nadar as Chairman on Nov 04, 1921. The bank was opened by Shri T.V. Balagurusamy Nadar, the then President of the Nadar Mahajana Sangam and the bank threw open its door to the public on Nov 11, 1921 at 9am in Ana Mavanna Building at South Raja Street, Tuticorin.

Pan India Network

The bank was having only 4 branches until the year 1947 at Tuticorin, Madurai, Sivakasi and Virudhunagar. The bank had also a branch at Colombo in the year 1937 and the same was closed in the year 1939. The Bank has now 552 full-fledged branches all over India. 12 Regional Offices, 13 Extension Counters, 2 Central Processing Centres, 1 Service Branch, 4 Currency Chests, 1157 Automated Teller Machines, 358 Cash Recycle Machines, and 126 e-lobbies. All the 552 branches are computerised and interconnected. The first branch outside the State of Tamilnadu was opened in the year 1976 at Bangalore. The first fully computerized branch was opened at WGC Road, Tuticorin on Dec 09, 1984. The bank had established its first currency chest in 1993 at Madurai & has industrial finance branches at Coimbatore, Chennai and Secunderabad. The Bank has launched ATM Card from Nov 11, 2003.Currency chest at Pudukkottai, Thoothukudi is functioning in our fully automatic environment under Robotics. It has the distinction of first currency chest among private sector banks in South India facilitated with Robotics.

Company Info
View Contact Details+

Contact Company:Tamilnad Mercantile Bank

Address:57 V.E.Road Tuticorin Thoothukudi Tamil Nadu 62800 8 , TUTICORIN, Tamilnadu, India


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