Analyst- Impairment Reporting

Overview

Evaluate and assess the potential impairment of financial assets, ensuring the bank's financial statements accurately reflect the economic value of its assets.

What you'll do

• Identify potential impairment triggers.
• Analyse relevant financial and non-financial information to assess the potential for impairment of financial assets.
• Apply quantitative and qualitative impairment tests to determine whether an asset is impaired.
• Assess the impairment loss for an asset by identifying the right valuation method, assessing its fair value, and documenting the process.
• Calculate the impairment provision to reflect the impairment loss and prepare clear and accurate impairment disclosures for financial statements.
• Manage the performance of impaired assets and reassess their impairment status on a regular basis.
• Escalate breaches of policies and procedures appropriately.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
• Partner with other functions and business areas.

What you'll need

• University degree or equivalent.
• Qualified accountant or MBA with an understanding of a relevant functional area such as financial reporting.
• Strong analytical skills: ability to analyse complex data sets and derive actionable insights.
• Meticulous approach to data analysis and reporting.
• Proficient Excel skills: strong hands-on experience managing MS Excel workbooks, performing data manipulations, transformations and reconciliations.
• Strong problem-solving ability and critical thinking to identify issues and develop solutions.
• Proven ability to collaborate effectively within a team environment.
• Ability to work in a pressured environment and cope with the demand of working to tight deadlines.
• A high level of commitment and enthusiasm.

Nice to have

• Familiarity with expected credit loss and the IFRS 9 standard.
• Understanding of credit risk management principles and practices.
• Familiarity with the financial services industry and market.

Details

• Based out of Gurugram.