Requirements
Role Overview
We are seeking a highly skilled and detail-oriented Finance & Accounts Manager with 7–10 years of experience in the BFSI sector. This is a pivotal role responsible for overseeing the financial reporting framework, compliance with IND-AS, operational finance, and internal controls. The ideal candidate will bring strong technical expertise, hands-on experience across core finance functions, and the ability to contribute strategically through budgeting, forecasting, and MIS reporting. This position offers the opportunity to work in a dynamic, fast paced environment and engage with senior leadership and external stakeholders.
Key Responsibilities
1. Finance & Accounts Operations
· Oversee month-end and year-end closing processes.
· Manage accounts payable and receivable operations.
· Handle cash receipts, general ledger, payroll, and utility payments.
· Manage treasury operations including cash flow forecasting and budgeting.
· Conduct revenue and expenditure variance analysis.
· Oversee capital and fixed asset reconciliations, tracking, and debt servicing.
2. Financial Reporting & Analysis
· Prepare and consolidate financial statements as per IND-AS.
· Conduct regular MIS and financial reporting for internal and external stakeholders.
· Analyze financial performance including yield, cost of borrowing, and Net Interest Margin (NIM).
· Support strategic business decisions with data-driven insights and portfolio-level analytics.
3. Regulatory & RBI-Specific Financial Compliance
· Ensure compliance with RBI Master Directions, liquidity norms (LCR/ALM), and CRAR requirements.
· Liaise with RBI, statutory auditors, and regulators for inspections and compliance queries.
· Ensure accurate and timely submission of financial disclosures as per IND-AS and RBI norms.
4. Systems, Controls & Compliance
· Participate in ERP implementations (Tally, Oracle, or SAP).
· Implement and monitor financial controls to mitigate risks and ensure compliance.
· Automate reconciliations, workflows, and reporting processes for scalability.
· Compute IND-AS adjustments such as:
o EIR (Effective Interest Rate – Ind AS 109),
o ECL (Expected Credit Loss – Ind AS 109),
o EIS (Effective Interest Spread for derecognized financial assets like PTC/securitization).
· Prepare and track annual operating plans versus actuals.
5. Fund Management & Borrowings
· Manage working capital and coordinate fund drawdowns from lenders and banking partners.
· Track and manage repayment schedules, interest costs, and covenant compliance.
· Oversee securitization & Direct Assignment (DA) accounting, including PTC-related reconciliations and investor reporting.
6. Treasury & ALM Oversight
· Support ALM activities including liquidity planning, maturity profiling, and funding strategy.
· Prepare ALCO reports and collaborate with Risk team for regulatory alignment.
7. Budgeting & Operational Finance
· Lead the preparation of monthly/quarterly budgets for disbursements, collections, and branches.
· Collaborate with business heads to monitor cost-to-income, yields, and operational KPIs.
8. Audit & Governance
· Coordinate internal audits covering lending, expense, and vendor areas.
· Facilitate statutory and RBI audit requirements, and ensure timely closure of audit findings.
Experience Requirements
· Proven expertise in preparing IND-AS financial statements, including both standalone and consolidated accounts.
· Familiarity with IFRS and any prior experience working in Saudi Arabia is an added advantage.
· Hands-on experience across core finance functions including taxation, revenue management, accounts payable/receivable, banking, and treasury.
· Demonstrated ability to prepare MIS and deliver board-level presentations to Directors and Investors.
· Experience in budgeting, forecasting, and financial modelling.
Key Skills
• Proficient in MS Excel and PowerPoint; working knowledge of Office 365 suite.
• Familiar with Tally and ERP platforms such as Oracle or SAP.
• Excellent attention to detail with strong analytical and documentation skills.
• Ability to work independently with minimal supervision and manage multiple priorities effectively. Self-motivated, and adaptable to a fast-paced, multicultural work environment.
• Strong written and verbal communication skills in English.
• High degree of integrity and trustworthiness.