Associate Director / Controller, India

Institute of Management Accountants, Inc.; Bengaluru; On-site; INR 6,000,000 - 10,000,000; Full time

Job summary

Veranex, a MedTech-focused Innovation CRO, seeks an Associate Director / Controller, India, based in Bangalore to lead India accounting, revenue recognition under ASC 606, and India statutory compliance while partnering with global teams in the US and Europe.

The role emphasizes close collaboration with Finance, Sales, Legal, and SSC operations to ensure accurate reporting, robust internal controls, and streamlined financial processes for a multinational environment.

Qualifications

• CA designation required; 8–12+ years in accounting/finance with revenue recognition and controllership responsibilities.
• Minimum 2–4 years of people management experience leading revenue recognition/accounting teams.
• Experience in a shared service center (SSC) or global business services (GBS) model.
• Familiarity with Indian statutory/tax requirements (GST, TDS) and US GAAP consolidation.

Responsibilities

• Lead Revenue Recognition team under ASC 606, including policy updates and memo research.
• Own India entity close process under US GAAP with Ind AS reconciliation as applicable.
• Oversee invoicing, contract structuring, and revenue treatment for new/complex deals.
• Coordinate with global teams (US/EU) on consolidation, intercompany, and audits.
• Support internal/external reporting, risk management, and control improvement.

Skills

Revenue recognition

US GAAP

Leadership

Multicurrency

SSC/GBS experience

Education

Chartered Accountant (CA)

MBA

CPA

Tools

NetSuite

Oracle

SAP

Job description

Associate Director / Controller, India

About Veranex: Veranex’s mission as an Innovation CRO is to improve patient outcomes by accelerating our clients’ innovations to market. As the world’s only end-to-end professional services firm focused on MedTech, we take clients’ Vision to Velocity through our comprehensive service portfolio, with expertise in human centered design and product development, preclinical and clinical research, regulatory affairs, and market access and reimbursement consulting.

About This Role: Veranex has an exciting opportunity to join our team as a Associate Director / Controller, India. You will be part of a team working to improve lives globally through medical technology innovation. The Rev Associate Director / Controller, India is a senior finance leadership role based in Bangalore, India, supporting a global organization with multiple legal entities, a US GAAP consolidated reporting structure, and a Bangalore-based Shared Service Center (SSC) supporting other countries in which the company operates. This individual will serve as the accounting and controllership lead for the India legal entity - which has both local operations and a shared-services mandate for other regions - while also functioning as an Assistant Controller to the Global Controller at Corporate HQ and as a finance partner to the Regional Controller in Europe.

What You Will Do:

• Lead, mentor, and manage the Revenue Recognition team, including hiring, performance management, and career development.
• Own end-to-end revenue recognition processes under ASC 606, including contract review, performance obligation identification, transaction price allocation, and timing of recognition.
• Oversee invoicing processes and ensure alignment between billing, contracts, and revenue recognition treatment.
• Partner with Sales, Legal, and Deal Desk teams on contract structuring to ensure appropriate revenue treatment for new and non-standard deals.
• Maintain and update revenue recognition policies, position papers, and technical accounting memos; monitor evolving ASC 606 guidance and assess impact.
• Design, implement, and monitor internal controls over revenue and invoicing processes (SOX or SOX-like control environment).
• Provide revenue-related analytics and reporting to FP&A, Sales Finance, and executive leadership (e.g., deferred revenue, backlog, billings vs. revenue variance).
• Serve as the controller for the India legal entity, which supports both local India operations and shared-service functions for other countries in the global group.
• Own the full accounting close process for the India entity under US GAAP, with reconciliation to local Indian GAAP (Ind AS) requirements as applicable.
• Ensure accurate, timely month-end and quarter-end close, account reconciliations, and management reporting for the entity.
• Oversee local statutory compliance matters in coordination with tax/legal advisors, including statutory audit readiness, GST, TDS, and other India-specific regulatory accounting considerations.
• Provide indirect oversight and quality assurance over accounting operations performed by the Bangalore Shared Service Center on behalf of other legal entities/countries in the group.
• Partner with SSC operational leads to ensure consistent accounting policies, controls, and close calendars across serviced entities.
• Identify and drive process standardization, automation, and efficiency opportunities across shared-service accounting functions.
• Act as an escalation point for accounting/technical questions arising from SSC-supported entities.
• Support the Global Controller at Corporate HQ with consolidated US GAAP financial statement preparation, technical accounting research, and group-wide reporting deliverables.
• Support the Regional Controller, Europe, on entity-level accounting matters, intercompany reconciliations, and regional reporting needs.
• Assist with consolidation processes, elimination entries, and intercompany transaction accounting across multiple legal entities and currencies.
• Contribute to group-wide accounting policy consistency and technical accounting positions (e.g., leases, revenue, business combinations) as needed.
• Manage and review intercompany transactions, intercompany billing, and related reconciliations across entities and currencies.
• Apply working knowledge of transfer pricing principles to ensure intercompany arrangements are appropriately documented and accounted for.
• Monitor foreign currency translation, remeasurement, and related accounting impacts across the entities supported.
• Coordinate with local tax advisors/tax teams on transfer pricing documentation, permanent establishment considerations, and other cross-border tax-accounting intersections.
• Lead or support local statutory audits for the India entity and coordinate audit support for other entities serviced by the Bangalore SSC.
• Support the global US GAAP consolidated audit, including PBC (prepared-by-client) schedules, audit inquiries, and coordination with external auditors (Big Four or equivalent).
• Support internal and external financial reporting deliverables, including flux analysis, disclosures, and management reporting packages.
• Partner with Internal Audit and Risk teams on control testing, remediation, and continuous improvement of the control environment.
• Provide finance/accounting input relevant to enterprise risk management, including revenue risk, entity-level compliance risk, and financial statement risk - supporting the type of visibility a Chief Risk Officer (CRO) function would require across multiple legal entities/jurisdictions (e.g., control gaps, regulatory exposure, currency/tax risk, audit findings trends).
• Assist in preparing risk-oriented reporting or dashboards that could roll up into enterprise risk or audit committee materials, as needed.
• Participate in systems and process improvement initiatives (ERP, revenue automation tools, close automation).
• Provide ad hoc analysis and support for M&A integration, new entity setup, or business expansion activities as needed.

Qualifications:

Required skills:

• Chartered Accountant (CA) designation required (ICAI or equivalent recognized qualification).
• 8-12+ years of progressive accounting/finance experience, including demonstrated experience in both revenue recognition (ASC 606) and broader controllership responsibilities.
• Minimum 2-4 years of people management experience, ideally leading a revenue recognition, accounting, or shared-services team.
• Strong working knowledge of US GAAP; experience with a US GAAP-reporting multinational is required.
• Experience working within or supporting a shared service center (SSC) or global business services (GBS) model.
• Experience with multi-entity consolidations, intercompany accounting, and multi-currency environments.
• Familiarity with transfer pricing concepts and their accounting/documentation implications.
• Experience supporting or leading statutory audits in India, as well as supporting US GAAP consolidated/group audits.
• Working knowledge of Indian statutory and tax requirements (Ind AS, GST, TDS) sufficient to partner effectively with local tax/compliance advisors.
• Strong ERP experience (e.g., NetSuite, Oracle, SAP, or similar); experience with revenue automation tools is a plus.
• Excellent communication skills, with demonstrated ability to work cross-functionally and cross-culturally with stakeholders in the US, Europe, and Asia.
• Willingness and ability to work occasional off-hours to accommodate meetings with Europe- and US-based stakeholders.
• Big Four public accounting experience (audit or advisory), particularly with technical accounting/ASC 606 exposure, strongly preferred.
• Experience in a technology, SaaS, or services industry with complex, multi-element revenue arrangements.
• Prior experience operating in a dual/matrix reporting structure across global finance organizations.
• Exposure to enterprise risk management, internal controls (SOX), or supporting a CRO/risk function in a multi-entity, multi-jurisdictional company.
• MBA, CPA, ACCA, or other complementary certification.
• Experience with entity rationalization, new entity setup, or M&A integration accounting.
• Hybrid role based in Bangalore, India.
• Domestic or limited international travel may occasionally be required for audits, close activities, or team engagement.

Preferred:

• Technical accounting depth (revenue recognition specifically) combined with broad controllership judgment.
• Ability to operate effectively in ambiguity, across time zones, and within a matrixed reporting environment.
• Strong controls mindset and comfort operating in a highly audited, compliance-driven environment.
• People leadership and team development skills.
• Executive-level communication and the ability to translate technical accounting matters for non-accounting stakeholders.
• Comfort balancing hands-on execution with strategic/managerial oversight.
• Hybrid role based in Bangalore, India.
• Some early morning or evening calls/work required to align with counterparts in Europe and, at times, the US.
• Domestic or limited international travel may occasionally be required for audits, close activities, or team engagement.