Job Description

Business Function
Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions - whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.
Job Purpose
DBS is seeking a highly motivated and experienced individual to join our Finance team as a Financial Reporting, Financial Accounting, and Projects Specialist. This role offers a unique opportunity to combine expertise in accounting under IFRS / India Local accounting and project management within a dynamic financial institution. The ideal candidate will possess a strong understanding of accounting principles, understanding local RBI regulations, excellent analytical skills, and a ability to manage financial projects from inception to completion.
Key Accountabilities and Job responsibilities
Financial Reporting:

• Prepare and analyze financial statements, including income statements, balance sheets, ensuring accuracy, completeness, and compliance with accounting standards (e.g.IFRS) and regulatory guidelines (local RBI regulations and IFRS).
• Generate periodic financial reports for internal and external stakeholders, including management reports, regulatory filings, and board presentations.
• Collaborate with various departments to gather relevant financial data and ensure alignment with reporting requirements.
• Stay abreast of changes in accounting standards and local/IFRS regulatory requirements, implementing necessary changes to policies, processes, and controls to ensure continuous compliance.
• Understanding the accounting framework and reconcile the sources with the ledger to establish controls and streamline bookings of transactions
• Conduct monthly and yearly financial close activities and reconciliations.
• Handle remediation initiatives and projects related to implementation of new accounting guidelines, platform conversions, etc.
• Support implementation of new products for ensuring compliance in financial reporting and accounting areas
• Increase productivity through automation and process re-engineering to achieve standardization.
• Identify opportunities to enhance the efficiency and effectiveness of financial reporting processes through process improvement initiatives.
• Research and interpret technical accounting pronouncements and implement new accounting standards.
• Plan, design, manage, and execute strategic and tactical financial projects, ensuring timely delivery within scope and budget.
• Manage technology and systems conversion projects of finance systems
• Mentor team; engage with team to build commitment, set goals, monitor performance and identify training needs of staff & self.

Requirements

• Minimum 10 to 15 years of experience with about 4 to 5 years in a similar capacity in mid size bank.

Education / Preferred Qualifications
Chartered Accountant
Core Competencies

• Decision taking abilities
• Good communication
• Strong inter-personal skills.
• Issue resolution skills
• Good teamwork

Technical Competencies

• Good knowledge of Accounting standards under IFRS and/ or India accounting standards.
• Sound understanding of banking products across all segments;
• Exposure to various processes and controls in an automated reporting environment.
• Proficiency in MS Office and knowledge of other automation tools

Work Relationship

• Strong working relationship with all units in India and within the Finance department itself;
• Interaction with RBI and compliance team.

Skills Required