Svamaan Financial Services - Financial Controller

Role & 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.

Preferred candidate profile:

- 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.