Website Virtuous Advisors and Resources Pvt. ltd.
Head – Accounts & Taxation
Location: Mumbai
Reporting to: HOD/CFO
About the Role:
The Head – Accounts & Taxation is the single point of accountability for the accuracy, integrity and regulatory compliance of the NBFC’s books of accounts, tax compliance, and financial control environment. Operating as a strategic partner to the function, the role goes beyond routine accounting & tax delivery to shape financial governance, drive audit and regulatory readiness, enable new business lines, and build a scalable, automated finance backbone – benchmarked against the standards of leading diversified NBFCs in the Industry.
Key Responsibilities:
– Own the end-to-end monthly, quarterly and annual book closure and Board/investor MIS with no-surprise, first-time-right reporting.
– Drive a disciplined close calendar across the LMS, ensuring accounting integrity of high-volume retail/wholesale loan books and timely accurate accounting/recording of all transactions.
– Institutionalise ECL (Expected Credit Loss) governance – methodology, model validation, overlays and provisioning rational.
– Ensure full technical compliance of financial statements with IND AS (109, 116, 32, etc.) and Schedule III (Division III) presentation for NBFCs.
– Track evolving accounting standards/ICAI guidance and provide the impact analysis and lead implementation of changes.
– Own the related-party transactions, segment and fair-value disclosures with technical rigor expected of a listed.
– Ensure 100% accurate, on-time submission of all RBI/NBFC prudential returns (DNBS, CRILC, capital adequacy, Treasury related returns).
– Act as primary finance interface for RBI inspections – pre inspection readiness, query resolution and risk mitigation action plans.
– Monitor regulatory developments (scale-based regulation, IND AS/RBI convergence, etc.) and proactively reposition policy, reporting frameworks and implement the changes, if any.
– Own the tax compliance- corporate tax, TDS, GST – including optimisation, litigation management and assessment/appeal representation, if any.
– Advise the business (product, treasury, co-lending, digital lending) on tax structuring for new products and partnerships before launch.
– Monitor Tax & Regulatory changes and implement, Provide the guidance to business from tax and Regulatory perspective.
– Build a defensible tax governance framework and maintain a healthy relationship with tax authorities and external counsel.
– Design, implement and continuously test the IFC/ICFR framework across the finance value chain in line with the Companies Act and accepted control principles.
– Own the Risk & Control Self-Assessment (RCSA) programme with monthly control testing to identify and close gaps ahead of audit.
– Govern master data integrity – chart of accounts, tax masters, vendor/customer masters – with segregation of duties and system-enforced approvals.
– Standardize and update the finance processes, policies & SOPs.
– Lead statutory, internal, tax, concurrent and RBI audits end-to end – readiness, query management and time-bound closure of observations.
– Own the relationship with key stakeholders for smooth audit closure.
– Drive root-cause based closure of audit actionable to prevent repeat observations across cycles.
– Drive automation and digitalization of finance processes to enhance efficiency, accuracy, and scalability.
– Partner with Tech to strengthen the finance systems architecture (ERP, LMS integration, RPA, data lake) for a fast growing loan book.
– Benchmark processes against industry leaders and drive a continuous-improvement roadmap for the finance function.
– Build, mentor and retain a high-calibre Accounts & Taxation team; create career paths and succession depth for critical roles.
– Instil a culture of ownership, technical excellence and regulatory discipline across the team.
– Act as a strategic partner and coach to direct reports, enabling them to independently manage stakeholders.
– Serve as a trusted finance partner to the HOD, CXOs and CEO on accounting, tax and regulatory matters.
– Bridge Finance with Business, Risk, Operations and Technology to enable new products/business lines with accounting and compliance readiness.
Qualifications and Experience:
– Chartered Accountant (CA) with 8+ years of progressive finance experience preferably from NBFC/HFC background.
– Deep technical mastery of IND AS, Schedule III, RBI prudential/NBFC regulations and direct/indirect tax law.
– Prior experience in a high-growth, scale-based-regulation NBFC, having operated at a similar role.
– Strong grip on ECL modelling, IFC/ICFR frameworks and regulatory reporting systems (NBS, DNBS, ALM returns).
– Sound judgement and integrity in navigating complex, ambiguous regulatory and accounting positions.
Contact:
Ila Jain, 8960700209
Deepa Gurumurthy, 7045222562
Puneet Chaudhary, 9769799970
To apply for this job please visit www.iimjobs.com.
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