Job Summary

- The Financial Controller is a senior executive responsible for the entire financial health, statutory compliance, and reporting integrity.

- The ideal candidate is a seasoned Chartered Accountant (CA) with 10-12 years of progressive experience in the financial services domain, demonstrating deep expertise in RBI regulatory reporting, IFRS/Ind AS accounting standards, and the critical financial control aspects of managing a large loan book and diverse funding sources.

- This role is a key strategic partner to the CFO, ensuring financial processes mitigate credit risk and maximize operational efficiency while adhering to the rigorous Scale-Based Regulation (SBR) framework.

Key Responsibilities

1. Statutory, Regulatory Reporting & Technical Accounting

- Lead the preparation and finalization of financial statements in compliance with Ind AS/IFRS and company law.

- Mandatory: Oversee and ensure timely, accurate submission of all RBI regulatory returns (e.g., ALM, liquidity, quarterly/annual returns) and compliance with the latest RBI guidelines.

- Act as the internal technical accounting expert, advising on complex issues specific to NBFCs, such as:

a. Loan origination cost capitalization and amortization.

b. Expected Credit Loss (ECL) provisioning under Ind AS 109/IFRS 9.

c. Securitization and direct assignment accounting treatment.

- Manage the relationship and deliverables for external/statutory audits and regulatory inspections.

2. Treasury, ALM, and Funding Management

- Direct the Asset-Liability Management (ALM) function, monitoring and mitigating liquidity and interest rate risks arising from the mismatch in assets (loans) and liabilities (borrowings).

- Optimize the Cost of Funds (COF) by managing borrowings from diverse sources (Banks, NCDs, Commercial Paper, FDs/Term Money) and ensuring compliance with all debt covenants and security requirements.

- Lead cash flow forecasting and develop strategies to maximize returns on liquid investments while maintaining the required liquidity buffers.

- Manage and report on complex equity transactions (capital raises, share-based compensation, etc.).

3. Financial Analysis & Credit Risk Control

- Oversee the Asset Quality reporting, providing detailed analysis of GNPA, NNPA, and Provisioning Coverage Ratios (PCRs) to the management and the Board.

- Develop robust financial models for budgeting, forecasting, and stress testing the loan book under various economic scenarios.

- Provide detailed financial analysis on the profitability of different loan segments (e.g., Housing, Gold, Vehicle, Microfinance) and branch-level performance.

- Ensure the integrity of the loan portfolio data used for risk modeling and regulatory calculations.

4. Financial Systems, Controls, and Team Leadership

- Lead the accounting and finance team, fostering a culture of high compliance and accuracy.

- Champion the implementation or upgrade of core banking and accounting systems (e.g., ERP, Loan Management Systems) to enhance automation and scalability.

- Design, document, and monitor stringent internal financial controls specific to lending and collection processes.

Qualifications and Requirements

Education and Certification

- Mandatory: Chartered Accountant (CA) qualification.

- Bachelor's or Master's degree in Accounting or Finance is standard.

Experience

- Required: 10-12 years of progressive experience in accounting and financial management roles.

- Direct, non-negotiable experience within an NBFC, Housing Finance Company (HFC), or Commercial Bank is essential.

- Proven track record in managing RBI compliance and reporting for large or Systemically Important NBFCs (NBFC-SI).

- Experience in Ind AS 109/IFRS 9 implementation and reporting is highly preferred.

Skills and Competencies

- Expert-level technical accounting proficiency (Ind AS/IFRS) and a deep understanding of the NBFC/Banking regulatory environment.

- Strong competency in Asset-Liability Management (ALM) principles and funding strategies.

- Exceptional strategic thinking, analytical skills, and ability to handle large, complex financial data sets (the loan book).

- Superior communication and presentation skills for internal stakeholders, the Board, auditors, and regulators.