Financial Controller

Position: Financial Controller

Location: Mumbai / Valapad

Department: Finance & Accounts

Reporting To: Chief Financial Officer

Role Purpose:

The Financial Controller will lead the controllership and financial governance function, ensuring robust financial reporting, regulatory compliance, accounting integrity, internal controls, and financial discipline across the organisation.

The role is critical to supporting business growth at scale, strengthening audit preparedness, ensuring RBI and statutory compliance, and enabling informed strategic decision-making by senior leadership and the Board.

Key Responsibilities:

1. Financial Accounting, Reporting & Closures:

- Oversee the preparation and timely closure of monthly, quarterly, and annual financial statements in accordance with Ind AS, Companies Act, and RBI guidelines applicable to NBFCs.

- Ensure accurate books of accounts, consistency in accounting policies, and high standards of documentation and audit trails.

- Review and validate MIS, management reports, variance analyses, and dashboards for senior leadership and the Board.

- Ensure seamless coordination between branch/region finance, HO finance, and shared services for accurate consolidation.

2. Budgeting, Forecasting & Financial Planning:

- Lead the annual budgeting, rolling forecast, and long-range financial planning processes in alignment with business strategy.

- Monitor budget adherence, analyse deviations, and recommend corrective and preventive financial controls.

- Provide actionable insights on cost optimisation, profitability, ROA/ROE, and product-wise performance to business heads.

3. Regulatory Compliance & Governance:

- Ensure full compliance with RBI regulations, Companies Act, Ind AS, Income Tax, GST, and other statutory requirements.

- Drive regulatory returns, disclosures, and certifications, ensuring accuracy and timeliness.

- Act as key SPOC for statutory audits, internal audits, RBI inspections, and special audits, ensuring closure of observations and action-tracking.

- Strengthen financial governance, SOPs, delegation of authority, and compliance frameworks across the organisation.

4. Internal Controls, Risk & Process Excellence:

- Design, implement, and continuously strengthen internal financial controls (IFC) and risk mitigation frameworks.

- Identify control gaps, process inefficiencies, and operational risks; drive automation, system controls, and maker-checker discipline.

- Partner with Internal Audit, Risk, Compliance, and IT to ensure end-to-end financial control integrity.

5. Treasury Coordination & Cash Flow Oversight:

- Monitor liquidity position, working capital, and cash flows, ensuring fund availability aligned with business needs.

- Coordinate with Treasury on borrowings, ALM alignment, lender covenants, and fund utilisation tracking.

- Oversee bank reconciliations, escrow monitoring, and cash forecasting with strict controls.

6. Leadership, Capability Building & Transformation:

- Lead, mentor, and build a high-performing controllership and finance operations team across locations.

- Drive process standardisation, system upgrades, finance automation, and digital transformation initiatives.

- Establish a culture of ownership, accuracy, compliance, and continuous improvement within the finance function.

7. Stakeholder & Management Engagement:

- Act as a trusted finance partner to the CFO, senior leadership, auditors, banks, lenders, consultants, and regulators.

- Provide strategic financial inputs for new initiatives, products, expansions, and regulatory changes impacting the NBFC business.

- Support Board, Audit Committee, and Management Committee requirements with high-quality financial analysis and documentation.

Qualifications & Experience:

- Chartered Accountant / Cost & Management Accountant from a recognised professional institute (mandatory).

- 12 - 18 years of progressive finance experience, with significant experience in NBFC / BFSI / Financial Services Organisations.

- Strong exposure to RBI regulations, audits, regulatory reporting, and large-scale finance operations.

- Experience handling multi-location operations, high transaction volumes, and regulatory scrutiny preferred.

- Additional certifications in Risk Management, IFRS, or Treasury will be an advantage.

Key Competencies:

- Strong financial controllership and accounting expertise

- Deep understanding of NBFC regulatory and compliance landscape

- High integrity, attention to detail, and audit mindset

- Strategic thinking with strong execution discipline

- Leadership, stakeholder management, and communication skills

- Technology-driven, process-oriented, and improvement-focused approach