Financial Controller

About Company

The company is a financial services firm specializing in lending, credit, and other financing solutions for individuals and businesses.

Job Description

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.