Senior Associate – Finance

POSITION SPECIFICATION

Position

Senior Associate – Finance

Company

Reserve Bank Innovation Hub (RBIH)

Location

Bengaluru

Reporting

Senior Manager – Finance & Accounts

Number of Positions

1

COMPANY BACKGROUND

The Reserve Bank of India (RBI) set up the Innovation Hub (Termed: RBIH), to promote innovation across the financial sector. The Hub will leverage technology and help create an environment that would facilitate and foster innovation.

RBIH will collaborate with financial sector institutions, the technology industry, and academic institutions to coordinate efforts for the exchange of ideas and the development of prototypes related to financial innovation.

The Hub will help develop internal infrastructure to promote FinTech research and facilitate engagement with innovators and start-ups.

BACKGROUND OF THE ROLE

RBIH is looking for highly motivated finance professional with 3 to 5 years of experience in the Finance & Accounts function of an organisation, with the ability to handle & manage the below mentioned areas.

Key responsibilities:

  • Maintain and reconcile general ledger accounts including bank accounts.
  • Ensure accurate and timely month-end, quarter-end, and year-end close processes.
  • Prepare and review journal entries and supporting documentation (Day to day accounting).
  • Ensuring timely and accurate payment processing.
  • Ensuring timely filings of statutory returns and payments viz. GST, TDS, PT, EPF etc.,
  • Assist in the preparation of financial statements, including balance sheets, income statements, and cash flow statements.
  • Support the preparation of management reports and presentations.
  • Ensure compliance with internal controls, accounting policies, and external regulations.
  • Reconcile accounts and resolve discrepancies promptly.
  • Monitor aging reports and follow up on overdue accounts.

Requirements:

  • Bachelor’s degree in accounting, Finance, or a related field.
  • 3-5 years of experience in accounting or a related field.
  • Strong understanding of accounting principles and practices.
  • Proficiency in accounting software (tally prime), Microsoft Excel other financial accounting software.
  • Ability to understand and file various statutory returns viz. GST, TDS, PT, EPF etc.,
  • Strong attention to detail and accuracy.
  • Effective communication skills, both written and verbal.
  • Ability to work independently and as part of a team.

Term

The appointment will be on a contract basis with an initial term of 3 years and extendable on mutual consent.

Location

Bengaluru, India (Remote working is not available).

Last date for applications

Candidates are advised to apply latest by 4th June, 2024 by sending email to careers@rbihub.in