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SBI looking for new CFO, offering package up to Rs 1 crore

The person who bags the job will be getting three times more than that of the chairman.

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State Bank of India has invited applications for the post of Chief Financial Officer (CFO), offering an annual package of up to Rs 1 crore.

The person who bags the job will be getting three times more than that of the chairman. 

The notice stated that the position is for a contract period of three years and the annual CTC (cost to company) and perks would be Rs 75 lakh to Rs 1 crore.

"Minimum 15 years' post qualification work experience (as on 01.04.2020) in overseeing financial operations, preferably accounting and taxation matters, in banks/ large corporates/ PSUs/ FIs/ financial services organizations, of which 10 years should be in bank or financial institutions (of which five years should be at senior management level)," the notice stated.

The role of the Financial Control Department would entail optimization of tax liability of the bank and GST and TDS compliance.

The role is very difficult and important as the said person would have to devise a business continuity plan for a situation that might bring financial operations to a standstill, just like the COVID-19 pandemic.

Maintaining close coordination with the Financial Control Department for review of the performance of the Circles and of the Whole Bank and other related functions will also be one of the core functions of the CFO.

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