Head – Accounts & Taxation – NBFC – CA Benchire

The Corporate Institute; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a seasoned Head Accounts & Taxation to own the financial accounting, regulatory compliance and tax governance for a growing NBFC. You will steer the close process, IND AS reporting, RBI submissions and ECL governance while shaping a scalable finance backbone and automation roadmap.

You will lead a high-calibre team, partner with cross-functional stakeholders, and ensure audit readiness with zero material restatements.

Qualifications

• Lead financial governance and regulatory reporting for NBFCs.
• Oversee IND AS, Schedule III, RBI reporting, and Tax matters.
• Build scalable finance processes and automation roadmap.
• Mentor and develop Accounts & Taxation team.
• Partner with business lines on tax structuring and compliance.

Responsibilities

• Own monthly, quarterly and annual close with Board/MIS reporting.
• Ensure RBI/NBFC prudential returns are accurate and timely.
• Govern ECL framework, model validation, and provisioning.
• Maintain tax governance and defend against regulatory penalties.
• Drive IFC/ICFR framework across finance value chain.
• Lead audits end-to-end with timely closure of observations.
• Collaborate with Tech to automate finance processes.

Skills

Leadership

Stakeholder management

Financial governance

Regulatory awareness

Education

Chartered Accountant (CA)

Tools

ERP systems

LMS

RPA

Data lake

NBS/DNBS reporting tools

Job description

Job Description:

Role & Responsibilities:

Role Purpose:

The Head Accounts & Taxation is the single point of accountability for the accuracy, integrity and regulatory compliance of the NBFC’s books of accounts, tax compliance, and financial control environment. Operating as a strategic partner to the function, the role goes beyond routine accounting & tax delivery to shape financial governance, drive audit and regulatory readiness, enable new business lines, and build a scalable, automated finance backbone benchmarked against the standards of leading diversified NBFCs in the Industry.

Key Responsibilities:

1. Financial Accounting & Close:

• Own the end-to-end monthly, quarterly and annual book closure and Board/investor MIS with no-surprise, first-time-right reporting.


• Drive a disciplined close calendar across the LMS, ensuring accounting integrity of high-volume retail/wholesale loan books and timely accurate accounting/recording of all transactions.


• Institutionise ECL (Expected Credit Loss) governance methodology, model validation, overlays and provisioning rational.


• Close within T+3 every cycle.


• Zero material restatements.


• ECL model validated & audit-ready.

2. IND AS & Schedule III Financials:

• Ensure full technical compliance of financial statements with IND AS (109, 116, 32, etc.) and Schedule III (Division III) presentation for NBFCs.


• Track evolving accounting standards/ICAI guidance and provide the impact analysis and lead implementation of changes.


• Own the related-party transactions, segment and fair-value disclosures with technical rigor expected of a listed entity.


• Clean Ind AS opinion.


• Nil disclosure gaps.

3. RBI Regulatory Reporting:

• Ensure 100% accurate, on-time submission of all RBI/NBFC prudential returns (DNBS, CRILC, capital adequacy, Treasury related returns).


• Act as primary finance interface for RBI inspections – pre-inspection readiness, query resolution and risk mitigation action plans.


• Monitor regulatory developments (scale-based regulation, IND AS/RBI convergence, etc.) and proactively reposition policy, reporting frameworks and implement the changes, if any.


• 100% return timeliness.


• Nil RBI penalties/adverse remarks.

4. Direct & Indirect Taxation:

• Own the tax compliance – corporate tax, TDS, GST – including optimisation, litigation management and assessment/appeal representation, if any.


• Advise the business (product, treasury, co-lending, digital lending) on tax structuring for new products and partnerships before launch.


• Monitor Tax & Regulatory changes and implement, Provide the guidance to business from tax and Regulatory perspective.


• Build a defensible tax governance framework and maintain a healthy relationship with tax authorities and external counsel.


• Nil penal exposure.


• Litigation resolved/contained.

5. Internal Financial Controls (IFC):

• Design, implement and continuously test the IFC/ICFR framework across the finance value chain in line with the Companies Act and accepted control principles.


• Own the Risk & Control Self-Assessment (RCSA) programme with monthly control testing to identify and close gaps ahead of audit.


• Govern master data integrity – chart of accounts, tax masters, vendor/customer masters – with segregation of duties and system-enforced approvals.


• Standardize and update the finance processes, policies & SOPs.


• Zero significant control deficiencies.


• RCSA coverage 100%.


• Up-to-date policies, SOPs.

6. Audit Management:

• Lead statutory, internal, tax, concurrent and RBI audits end-to-end – readiness, query management and time-bound closure of observations.


• Own the relationship with key stakeholders for smooth audit closure.


• Drive root-cause based closure of audit actionable to prevent repeat observations across cycles.


• Nil material/repeat observations.


• 100% actionable closed on time.

7. Financial Systems & Automation:

• Drive automation and digitalization of finance processes to enhance efficiency, accuracy, and scalability.


• Partner with Tech to strengthen the finance systems architecture (ERP, LMS integration, RPA, data lake) for a fast-growing loan book.


• Benchmark processes against industry leaders and drive a continuous-improvement roadmap for the finance function.


• Documented automation gains each year.


• Reduced manual touchpoints in close.

8. Team Leadership:

• Build, mentor and retain a high-calibre Accounts & Taxation team; create career paths and succession depth for critical roles.


• Instil a culture of ownership, technical excellence and regulatory discipline across the team.


• Act as a strategic partner and coach to direct reports, enabling them to independently manage stakeholders.


• Attrition within benchmark.


• Engagement score improvement.


• Bench strength for key roles.

9. Stakeholder Management:

• Serve as a trusted finance partner to the HOD, CXOs and CEO on accounting, tax and regulatory matters.


• Bridge Finance with Business, Risk, Operations and Technology to enable new products/business lines with accounting and compliance readiness.


• High stakeholder satisfaction.


• Open items closed within agreed SLA.

Qualification and Experience:

• Chartered Accountant (CA) with ~ 12 years of progressive finance experience preferably from NBFC/HFC background.


• Deep technical mastery of IND AS, Schedule III, RBI prudential/NBFC regulations and direct/indirect tax law.


• Prior experience in a high-growth, scale-based-regulation NBFC, having operated at a similar role.


• Strong grip on ECL modelling, IFC/ICFR frameworks and regulatory reporting systems (NBS, DNBS, ALM returns).


• Sound judgement and integrity in navigating complex, ambiguous regulatory and accounting positions.