Finance Controller

About Company

The company is a financial services firm specializing in lending, credit, and other financing solutions for individuals and businesses.

Job Description

Key Responsibilities:

Accounting & Financial Close

• Own monthly, quarterly, and annual book closure under Ind AS, including EIR-based income recognition, ECL provisioning under Ind AS 109, and fair valuation of investments and   borrowings and loans.
• Review general ledger scrutiny, control account reconciliations (loan book, investments, borrowings, bank accounts), and intercompany accounting
• Ensure accurate accounting for securitisation, direct assignment, and co-lending transactions, including derecognition and gain-on-sale computations
• Manage fixed assets, lease accounting under Ind AS 116, and other Ind AS areas relevant to an NBFC.

Financial Statements & Audit

• Prepare standalone (and consolidated, where applicable) financial statements, notes, and disclosures under Schedule III (Division III) and applicable Ind AS
• Manage statutory audit, limited reviews, tax audit, and internal audit. Ensure timely closure of audit observations and implementation of corrective actions.
• Prepare Audit Committee and Board notes on financial performance, accounting judgments, and key estimates

RBI & Regulatory Reporting

• Own the full calendar of RBI returns for NBFCs as applicable, ALM returns (structural liquidity, interest rate sensitivity), capital adequacy (CRAR) returns, and other prudential returns.
• Track and report on Scale Based Regulation requirements applicable to the company's layer (NBFC-ML), including governance and disclosure norms
• Ensure correct classification and reporting of NPAs, restructured accounts, and provisioning per RBI prudential norms, reconciled with Ind AS ECL
• Coordinate RBI inspections and respond to regulatory queries and data requests
• Stay current on RBI master directions and circulars, and drive timely implementation of new reporting or accounting requirements

Controls, Systems & Governance

• Own internal financial controls (IFC) over financial reporting, including documentation, testing, and remediation
• Drive accounting system/ERP improvements, automation of reconciliations, and dashboards that reduce manual close effort and error
• Maintain SOPs and a compliance/reporting calendar across accounting and regulatory deliverables
• Drafting policy and process around ECL, Financial closing, ICAAP, Pricing, Appointment of statutory auditor etc.

Stakeholder Management

• Lead and mentor reporting and accounting team members
• Be the primary Finance contact for statutory auditors, RBI and on accounting and regulatory matters
• Work closely with CFO, Partner with FP&A, Tax, Treasury, Credit, and Compliance so accounting, tax, and regulatory numbers reconcile
• Support Board, Audit Committee, and Senior Management reporting requirements.

Skills & Experience:

• Prior experience with Big 4 firms (Deloitte, EY, KPMG, PwC) in Audit, Assurance, Financial Reporting, or Advisory will be preferred.
• Hands-on experience in Financial Statement Preparation and Finalization, General Ledger (GL) Accounting & Book Closure, Ind AS Reporting and Compliance, RBI/NHB Regulatory Returns, Statutory Audit, Tax Audit, and RBI Inspection/Audit, Internal Financial Controls (IFC) Framework, Financial Reporting and Regulatory Compliance, Balance Sheet and Schedule Management
• Hands-on experience in Ind AS reporting and ECL provisioning.
• Experience dealing with auditors and regulatory authorities.