Finance Controller – NBFC – CA Corenza

The Corporate Institute; Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking a Chartered Accountant to oversee financial reporting, control, compliance, and governance with a strong focus on Ind AS, ECL provisioning, and regulatory reporting. You will lead audits, drive budgeting/MIS, and mentor the finance team while collaborating with risk, credit, and business units to ensure accuracy, timeliness, and adherence to standards.

Candidates with CA qualification and exposure to big 4 preferred; proficiency in SAP, Tally, or

Qualifications

• Must have Chartered Accountant (CA) Professional Qualification.
• Strong expertise in Ind AS, particularly Ind AS 109 (Financial Instruments) and ECL provisioning.
• Experience or completed articleship with big 4 organizations is preferred.

Responsibilities

• Oversee financial reporting, control, compliance and governance with focus on Ind AS.
• Lead Ind AS implementation, ECL provisioning, and regulatory reporting.
• Coordinate audits and ensure timely closure of audit observations.
• Manage budgeting, MIS, and management reporting.
• Lead and mentor finance team; drive process improvements and automation.
• Collaborate with risk, credit, and business teams for data validation.

Skills

Accounting knowledge

RBI regulations

Financial analysis

Stakeholder management

Attention to detail

Team leadership

Problem solving

Communication

Education

Chartered Accountant (CA) Professional Qualification

Tools

SAP

Tally

Oracle

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.

Qualification:

• Must have Chartered Accountant (CA) Professional Qualification.
• Strong expertise in Ind AS, particularly Ind AS 109 (Financial Instruments) and ECL provisioning.
• Experience or completed articleship with big 4 organizations is preferred.