State Bank of India, South Africa
A position has become available for a Chief Financial Officer to join our dynamic team, based in Gauteng.
Duties & Responsibilities
- The candidate is expected to setup the finance function within the bank as per the established reporting structure
- Compiling all financial reports in consultation with the department/divisional heads.
- Oversight of all the taxation matters such as VAT, Income Tax, Payroll taxes etc. at the bank.
- Responsible for ensuring integrity, accuracy and completeness of financial data
- Overseeing the entire Bank’s fiscal operating results in compliance with all accounting principles (including regulatory agencies, government policies and local laws) for ensuring & safeguarding the Bank’s interests in consultation with other department heads
- Reviewing of all major MIS returns prepared by various department heads as well as presenting it to the Banks management in consultation with the Country Head & CEO
- Preparing for and ensuring completion of Annual financial statements and related returns in consultation with department heads and statutory auditors
- Oversee the preparation and submission of quarterly financial reports and returns to be submitted to the head Office
- Responsible for liaising with the external / Internal auditors regarding financial statements & reporting
- Oversight on the implementation of the IFRS reporting standards within the Bank
Desired Experience & Qualification
- CA (SA) with at least 5 years post articles experience within financial services
- Must be working as CFO/Dy CFO in a Bank in South Africa
- Must have minimum 5 years’ experience in a Finance function within a Bank
- Must possess managerial experience in mid-level management position
- Must be well versed with IFRS 9 standards within a bank
- Must have sufficient knowledge in regulatory reporting
- Must have sufficient knowledge of the regulatory framework within which a bank operates, including but not limited to accounting methodologies, prudential ratios, & tax related matters
- Additional preference will be given to candidates with some risk management experience within the banking environment
Package & Remuneration
Annual Gross CTC: depending upon experience and work knowledge.
To apply for this job please visit www.pnet.co.za.