Chief Finance Officer

Mahalaxmi Bikas Bank Ltd., one of the leading National Level Development Banks guided by the vision of Most Trusted Bank” having 103 branches across the Nation is seeking applications from highly motivated, energetic and result oriented Nepalese Citizens to work at different locations including Central Office for the following positions:

Chief Finance Officer (CFO)

Position: Assistant Chief Executive Officer (ACEO)

Job role:

The CFO is responsible to direct and oversee all of the financial activities of the Bank, including the preparation of periodic financial reports and provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company. The objective of this role is to make significant contribute to the achievement of the company objectives by providing advice and guidance on financial strategies and supports the leadership team in policy formulation and setting the business directions of the organization by providing necessary input.

Key Competency/Duties

Key deliverables will include:

•  Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP)
• Develop, implement, and ensure compliance with internal financial, accounting and tax policies and procedures
•  Ensure completion of annual financial statements and get this audited by external auditor without any major observations and annual actuarial valuation and submission of those to appropriate regulatory bodies.
•  Develop and implement policies and procedures to ensure that personnel and financial information is secured and stored in compliance with current legislation
• Ensure proper accounts reconciliation.
•  Responsible for financial management reporting for the Bank. Provide strategic financial input and leadership on issue affecting the organization. Present monthly and year-to-date financials with accompanying analysis of results and impact.
•  Lead the annual business plan development and budgeting process. Review reports and analyzes projections of sales and earnings against actual figures and suggests methods of improving the forecasting process.
•  Drive operational excellence towards cost optimization resulting expense gap minimization to contribute higher earnings
•  Lead the quarterly business review process from Finance
• Monitor risk management policies and procedures to ensure that program and organizational risks are minimized.
•  Maintain strong relationship with regulator and external auditors to investigate findings and recommendations and lobby to protect the interest of the Bank.
•  Lead transformation and change management initiatives to develop and elevate the financial organization in Nepal towards “best in class” performance.
•  Lead & strengthen research & development and treasury front functions.
•  Must have a genuine interest in the strategy and mission behind the Mahalaxmi Bikash Bank.

Qualifications/Experiences

• Master’s Degree in accounting or business administration with a Professional Qualification under any Institute of Professional Accountants like CA/ACCA
•  Strong track record of financial accounting, reporting, budgeting and control activities in leading role for financial institutions and similar organization
•  At least 15 years of progressive financial management experience with a successful track record in a senior finance leadership role and must be currently working in the position of senior manager for at least 5 year.
• A sound understanding of actuarial principles and practices

The deadline for applications for all positions is MARCH 31, 2024.

Tagged as: Bank Jobs, Chief Finance Officer, Kathmandu, Mahalaxmi Bikas Bank