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Job Description & How to Apply Below
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.
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