Finance Controller – NBFC – CA

Key Responsibilities:

To oversee financial control, reporting, compliance, and governance activities with a strong focus on Indian Accounting Standards (Ind AS), Expected Credit Loss (ECL) provisioning, financial reporting, audits, and internal controls.

1. Financial Reporting & Control

– Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.

– Oversee general ledger management, account reconciliations, and financial close processes.

– Monitor financial controls and ensure adherence to accounting policies and procedures.

– Provide financial analysis and insights to support business decision-making.

2. Ind AS Compliance

– Ensure compliance with applicable Ind AS requirements and regulatory guidelines.

– Review accounting treatments for complex transactions and recommend appropriate accounting approaches.

– Coordinate with auditors and consultants on Ind AS implementation and reporting matters

– Keep abreast of changes in accounting standards and assess their impact on the organization.

3. Expected Credit Loss (ECL) Management

– Develop, review, and monitor ECL models and provisioning methodologies.

– Ensure accurate computation and reporting of ECL provisions in line with Ind AS 109 requirements.

– Analyze portfolio performance, credit risk indicators, and provisioning adequacy.

– Collaborate with Risk, Credit, and Business teams for data validation and impairment assessments.

– Present ECL trends, assumptions, and recommendations to senior management.

4. Audit & Compliance

– Lead statutory, internal, tax, and regulatory audits.

– Ensure timely closure of audit observations and implementation of corrective actions.

– Maintain compliance with applicable financial regulations and reporting requirements.

– Strengthen internal controls and governance frameworks.

5. Budgeting & MIS

– Support annual budgeting, forecasting, and financial planning exercises.

– Prepare management reports, board presentations, and financial dashboards.

– Monitor key financial metrics and variance analysis.

6. Team Management

– Lead and mentor finance and accounting team members.

– Establish performance standards and ensure continuous process improvement.

– Drive automation and efficiency initiatives across finance operations.

Key Skills & Competencies:

– Strong knowledge of accounting principles, taxation, and financial regulations.

– Exposure to RBI regulations and financial services compliance requirements.

– Experience presenting financial results and provisioning analysis to senior leadership and auditors

– Proficiency in accounting software (SAP, Tally, Oracle, or similar ERP systems).

– Excellent analytical, problem-solving, and negotiation skills.

– Strong communication and stakeholder management abilities.

– Attention to detail and ability to handle high-volume transactions.

– Ability to work in a team and work under tight deadlines.

Qualification:

– Must have Chartered Accountant (CA) Professional Qualification.

– Strong expertise in Ind AS, particularly Ind AS 109 (Financial Instruments) and ECL provisioning.

– Experience or completed articleship with big 4 organizations is preferred.