The Union Bank of India, a leading Public Sector Bank, with Pan India Branch Network with Head Office in Mumbai, invites applications for the post of CHIEF FINANCIAL OFFICER on Contrachiectual Basis.
Job Profile:
- Responsible for timely preparation and submission of financial statements including profitability statements and Annual Report for the Bank.
- Overseeing the Statutory Auditing Process which includes the appointment of Auditors, Communication of Guidelines & conduct of Audit throughout the Bank.
- Monitoring critical Financial Parameters (Capital Adequacy, Non-Interest Income, ROA, ROE etc.) for the Bank and highlights to top management/vertical heads to take mitigation actions as required.
- Communicate both Banks’ expected and actual financial performance.
- Ensuring Regulatory and Statutory filings and compliances of Direct and Indirect Taxes (GST), various regulators viz RBI, SEBI, MoF, etc. Compilation of financial statements by Indian Accounting Standards (Ind-AS). Policy formulation on the relevant functional area. Ensure preparation and administration of Staff Incentive Scheme (Individual, Group, and Campaign) as per the guidelines of GOI with inputs from Vertical Heads.
- Overseeing development and maintenance of MIS Report System to ensure accurate and updated reporting.
- Any other work entrusted by the Bank from time to time.
Essential Qualification:
He/She should be a Qualified Chartered Accountant.
Mandatory Work Experience:
Fifteen years in Overseeing Financial Operation, preferably in 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:
Below 55 years (As on 01.03.2020)
Last Date for Applications:
20.04.2020(24.00hrs for online submission) with Non-Refundable Application Fee Rs. 1000.00 (inclusive of GST) payable directly in the account of the Bank)
Terms of Contract:
- The Chief Financial Officer would Head the Bank’s Finance Function for a fixed contractual term of three years with the Annual Performance Review.
- The Bank will be entitled to terminate the contract at any time without assigning any reason whatsoever, by giving 30 days of notice or on payment of fixed Component Compensation equivalent to One Month’s fixed component of the compensation in lieu of such Notice.
- In case the appointee desires to terminate the contract before the expiry of the contractual period of three years, he/she will have to give to the Bank clear one month’s notice or make payment of one Month’s fixed component of the compensation in lieu of such Notice.
Selection Process:
The selection will be through Interview & Personal interaction on the basis of eligibility, experience, qualification & performance during Interview/interaction.
How to apply:
- Log on to the Bank’s website “www.unionbankofindia.co.in” and on the Home Page under the link “Recruitment” click the Notification titled “NOTIFICATION FOR APPOINTMENT AS CHIEF FINANCIAL OFFICER ON CONTRACTUAL BASIS”.
- There will be two links available on the page. Click on the link “Notification” to download and print the Notification, including the ‘RECRUITMENT APPLICATION FEE PAYMENT CHALLAN’.
- Fill in the Recruitment Application Fee Payment Challan in clear and legible handwriting in BLOCK LETTERS.
- Go to the nearest Union Bank of India Branch with the Application Fee Challan and deposit the appropriate Application Fee in cash.
- Fill in the required details in the word file of the Application Format and take a print out of duly filled Application Form. Affix your latest Passport size photograph (signed across) on the application form and sign the application form at the appropriate places.
- The following documents should be sent by email to recruitment@unionbankofindia.com and ensure that it reaches this office by 20.04.2020 (24.00 hrs).
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