Manager/Assistant Manager – Statutory Audit – BFSI – CA

Position Overview:

We are seeking a highly skilled and experienced Chartered Accountant with 5 – 10 years of audit experience in the Banking and NBFC segment. The ideal candidate will have a thorough understanding of regulatory requirements, accounting standards, and best practices in the BFSI sector, coupled with strong analytical and communication skills.

Responsibilities:

Audit Planning and Execution:

– Plan and execute comprehensive audits of banks and NBFCs in accordance with auditing standards and regulatory requirements.

– Conduct risk assessment and develop audit programs to address key audit risks and objectives.

– Perform detailed testing of financial transactions, controls, and processes to ensure accuracy and compliance.

– A strong eye for detail is essential in auditing to ensure accuracy and completeness in reviewing financial records and identifying discrepancies or irregularities.

Regulatory Compliance:

– Review and assess compliance with regulatory requirements, including banking regulations, RBI guidelines, and accounting standards.

– Stay updated on regulatory changes and updates affecting the BFSI sector and incorporate them into audit procedures.

– Provide recommendations to clients for enhancing compliance and mitigating regulatory risks.

Financial Analysis and Reporting:

– Analyze financial statements, including balance sheets, statement of profit & loss, and cash flow statements, to identify anomalies, trends, and areas for improvement.

– Prepare detailed audit reports highlighting findings, recommendations, and observations for management and regulatory authorities.

– Communicate audit results and insights effectively to clients, addressing any concerns or queries they may have.

Stakeholder Management:

– Interact with key stakeholders, including senior management, audit committees, regulatory authorities, and client personnel, to discuss audit findings and recommendations.

– Build and maintain strong relationships with clients, demonstrating professionalism, integrity, and expertise in auditing.

Qualifications:

– Qualified Chartered Accountant with 5 – 10 years of audit experience in the BFSI sector, with a focus on banks and NBFCs.

– In-depth knowledge of auditing standards, regulatory requirements, and accounting principles relevant to the banking and NBFC industry.

– Proven experience in planning and executing audits, including risk assessment, testing, and documentation.

– Strong analytical skills with the ability to interpret complex financial data and identify audit issues and opportunities.

– Strong problem-solving skills to address issues efficiently and propose effective solutions.

– Excellent communication and interpersonal skills, with the ability to interact effectively with clients and colleagues.

– Ability to work independently and as part of a team, managing multiple engagements and deadlines effectively.