TMB Regular Basis Recruitment of Chief Financial Officer (CFO) in General Manager Cadre for 2024: Tamilnad Mercantile Bank (TMB), a distinguished old private sector bank, has opened applications for the post of Chief Financial Officer (CFO) in its General Manager Cadre for the year 2024. This (CFO) role is an exciting opportunity for experienced professionals in the financial sector, providing the chance to lead the financial strategy and operations of one of India’s long-standing private banks. The location of posting is TMB’s headquarters in Thoothukudi, Tamil Nadu.
TMB Regular Basis CFO Recruitment 2024
The Chief Financial Officer (CFO) in General Manager cadre plays a crucial role in overseeing the bank’s financial health and ensuring regulatory compliance. The CFO (Recruitment) is expected to manage the bank’s financial operations, drive long-term financial strategy and maintain operational efficiency. Reporting directly to the top management, the CFO contributes significantly to shaping the financial future of TMB.
Key Responsibilities of the CFO
The Chief Financial Officer at TMB holds a variety of responsibilities that extend beyond routine financial operations, influencing strategic decisions that affect the entire bank. These include:
| Responsibility | Details |
|---|---|
| Financial Management | Overseeing the bank’s financial performance, including statutory and management accounts, ensuring accuracy and efficiency in financial reporting. |
| Audit and Compliance | Preparing year-end accounts, facilitating audits, and ensuring compliance with tax laws and Goods and Services Tax (GST) regulations. |
| Strategic Planning | Developing long-term financial strategies, forecasting, and budgeting to align with the bank’s corporate goals. |
| Cost Management | Ensuring efficient internal cost controls, authorizing expenditures, and maintaining overall financial discipline within the bank. |
| Regulatory Compliance | Ensuring the bank adheres to international accounting standards, legal requirements, and industry best practices. |
| Capital and Liquidity Management | Assisting in funding decisions, managing the balance sheet, and determining the allocation of capital to optimize the bank’s financial health. |
Eligibility Criteria for CFO Position at TMB
The selection criteria for the CFO position at TMB are stringent, ensuring that only experienced and highly qualified candidates are considered. Below is a breakdown of the required qualifications:
| Criteria | Details |
|---|---|
| Age | Minimum of 45 years and not more than 55 years as of 31st July 2024 (relaxation may be offered to deserving candidates). |
| Educational Qualification | Candidates must be Chartered Accountants (CA) by qualification, ensuring deep knowledge of financial operations. |
| Experience | A minimum of 15 years of experience overseeing financial operations, with at least 10 years in banking/financial services and 5 years at the senior management level. |
| Additional Requirements | No pending vigilance cases or adverse reports from regulatory authorities like the RBI or other statutory bodies. |
The CFO Recruitment Process
The recruitment process for the CFO in the General Manager cadre is clearly structured, focusing on ensuring that qualified candidates are selected. Here’s a step-by-step breakdown of the recruitment process:
| Stage | Details |
|---|---|
| Opening Date for Applications | The online application process starts on 19th September 2024. |
| Closing Date for Applications | The last date to apply online is 5th October 2024. |
| Mode of Application | Only online applications will be accepted through TMB’s official website (www.tmbnet.in). |
| Shortlisting Process | Applications will be scrutinized, and only eligible candidates will be shortlisted for further rounds. |
| Interview Process | Shortlisted candidates will be invited for an interview conducted either in person or via video conferencing. |
| Final Selection | The final selection will be based on the candidate’s experience, qualifications, and performance in the interview. |
Check Also – Canara Bank Recruitment 2024
Steps to Apply for the TMB CFO Position 2024
Candidates who meet the eligibility criteria and are interested in applying for the CFO position at TMB must follow these detailed steps:
- Go to the official TMB Careers page at www.tmbnet.in/tmb_careers.
- Click on “Apply Online” for the recruitment of Chief Financial Officer under the General Manager cadre.
- Register using your valid email ID and mobile number. A unique User ID and Password will be generated for you.
- Use the User ID and password to log in. Complete the online application form carefully, ensuring all details are accurate.
- Review all details carefully, then click Submit. Upon successful submission, a confirmation message will appear.
- Shortlisted candidates will receive communication via email regarding their interview schedule.
General Conditions for TMB CFO Applicants
Candidates should adhere to the following guidelines when applying for the CFO position:
- Location: The selected CFO will be posted at TMB’s Head Office in Thoothukudi, Tamil Nadu. Candidates must be willing to relocate if required.
- Canvassing: Any attempt to influence the selection process through canvassing will result in disqualification.
- Document Submission: Ensure that all uploaded documents adhere to the specified format and file size limits.
- Application Deadline: Applications must be submitted before 5th October 2024. Late submissions will not be accepted.
Official notification Here – DRAFT (tmbnet.in)
What is the position available at Tamilnad Mercantile Bank (TMB)?
TMB is recruiting for the position of Chief Financial Officer (CFO) in the General Manager Cadre on a regular basis.
What is the age limit for applying to the CFO position?
Applicants must be between 45 and 55 years of age as of 31st July 2024.
What are the educational qualifications required for the CFO position?
Candidates must be Chartered Accountants (CA) by qualification
How many years of experience are required for the CFO role?
Candidates must have at least 15 years of experience in overseeing financial operations, of which:
- 5 years must be at the senior management level in banking or financial services.
- 10 years should be in banks or financial institutions.
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