Union Bank of India Recruitment 2024
Union Bank of India has announced a recruitment drive for the position of Senior Analyst- Business Finance on a contractual basis. Interested Indian citizens can apply online from June 14, 2024, to July 4, 2024.
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Applicants must ensure that their latest CV is uploaded during the application process. All communication, including call letters and interview dates, will be sent via email, so candidates should keep their email active.
Post Name and Vacancy
Notification PDF
Please Click Here to download the notification PDF OF Union Bank of India Recruitment 2024.
Eligibility Criteria
Educational Qualification:
- Candidates must be a qualified Chartered Accountant from an institute recognized by the ICAI.
Age Limit:
- Minimum age: 40 years
- Maximum age: 50 years (as of June 1, 2024)
Required Experience
- Candidates must possess a minimum of 15 years of professional experience after qualifying as a Chartered Accountant from a recognized institute.
- Out of the total experience, at least 8 years should have been in a Senior Management role or as the Head of the Finance department.
- The experience should be from either a Scheduled Public Sector Bank, a Scheduled Private Sector Bank, or a Foreign Bank.
- Applicants should have comprehensive knowledge of Indian GAAP (Generally Accepted Accounting Principles), Ind-AS (Indian Accounting Standards), and a solid understanding of IFRS (International Financial Reporting Standards).
- Strong analytical skills are crucial, along with proficiency in evaluating business performance metrics and preparing detailed financial reports.
Selection Process
- The selection process for the Senior Analyst - Business Finance position at Union Bank of India involves initial shortlisting based on the eligibility criteria specified in the notification.
- Shortlisting criteria are determined by a Screening Committee constituted by the bank.
- Shortlisted candidates will be called for a personal interview.
- The decision to shortlist candidates and call them for an interview rests solely with the bank and is final.
- The final selection will be based on the performance in the interview, subject to fulfillment of all eligibility criteria and verification of documents.
- Intimations for the interview and subsequent selection will be communicated via email to the candidates' registered email addresses provided during the application process.
- No hard copies of communication will be sent by the bank.
Job Description
- Monitor and assess the financial performance of different business segments within the bank.
- Collaborate with the Management Information Systems (MIS) department to compile and review monthly business performance reports.
- Engage in discussions with various business units to gain insights into their operational dynamics and performance metrics.
- Assist in the annual forecasting process by evaluating revenue drivers and assessing potential business risks and opportunities.
- Analyze product profitability and client performance to identify areas for improvement and efficiency enhancement.
- Utilize in-depth knowledge of Indian GAAP (Generally Accepted Accounting Principles), Ind-AS (Indian Accounting Standards), and familiarity with IFRS (International Financial Reporting Standards) to ensure compliance and accurate financial reporting.
- Employ strong analytical skills to interpret key financial metrics and provide actionable insights to senior management.
How to Apply?
- Visit the Union Bank of India's official website at unionbankofindia.co.in.
- Navigate to the "Recruitment" section on the homepage.
- Locate and click on the notification titled "NOTIFICATION FOR RECRUITMENT OF SENIOR ANALYST- BUSINESS FINANCE ON CONTRACTUAL BASIS."
- Download the detailed notification and read it carefully to ensure eligibility.
- Access the online application portal through the provided link.
- Complete the application form with accurate personal, educational, and professional details.
- Upload the latest CV as per the specified format.
- Verify all information entered before submitting the application.
- Keep the registered email ID active for receiving communication from the bank, including call letters and interview updates.
- Regularly check the bank's website for any further updates or announcements related to the recruitment process.
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