Head of Financial Control

modulrfinance; Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

Modulr Mumbai is seeking a Head of Financial Control to own the group's close, audit and control framework, leading a growing team largely based in India.

The role interfaces with auditors and senior management, overseeing revenue recognition, intercompany accounting, statutory reporting and tax compliance across multiple entities, including UK and Europe, with potential cross-border responsibilities.

Responsibilities

• Lead monthly, quarterly and annual close across entities; oversee journals, accruals and intercompany accounting.
• Review revenue recognition and contract reconciliation; coordinate with FP&A and wider Finance teams.
• Lead external audits; liaise with Deloitte, KPMG and advisors; ensure audit readiness.

Job description

Head of Financial Control

Location: Mumbai

Are you curious, excited by experimentation and always looking to innovate?

Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience?

Do you want to have the opportunity to play an important role in a rapidly growing and exciting Fintech business?

If so, we would love to connect and collaborate!

Who We Are

Modulr is the payments automation platform that streamlines money movement with accuracy, control and reliability - built to scale. We process more than 200m transactions and over £180bn in payment value on an annualised basis, and we're trusted by over 6,000 businesses from fast-growing SMEs to global enterprises.

We automate how money moves into and out of a business - payroll, supplier payments, spend management and payment collection - through a single platform, connected to the accounting and payroll systems finance teams already use and underpinned by principal memberships of Visa and Mastercard and direct access to central bank infrastructure.

As a regulated payments provider with over a decade of experience, we're the platform finance teams trust to run mission-critical operations. Modulr is backed by PayPal, FIS, General Atlantic, Blenheim Chalcot, Frog Capital and Highland Europe, with over 400 employees across London, Edinburgh, Amsterdam, Mumbai and Pune.

Purpose of the Role

Reporting into the Director of Financial Control, you will own the group's financial close, audit and control framework, and lead a growing Financial Control team (largely based in India). You will be the senior technical escalation point across Financial Control and a key interface with auditors, boards and the wider Finance function.

Key Responsibility

Financial control & month-end leadership

Lead and coordinate monthly, quarterly and annual close across multiple legal entities - owning close governance, timetables and reporting deadlines.

Review and approve journals, accruals and prepayments; oversee balance sheet governance, intercompany accounting, P&L analysis and trial balance review.

Own revenue accounting review and Q2C platform contract reconciliation, and resolve complex accounting issues, escalating reporting risks and delays.

Review management reporting outputs and maintain audit-ready reporting standards year-round, coordinating with FP&A, PayOps, Product and wider Finance teams.

Balance sheet governance & reconciliation control

Act as subject-matter expert for reconciliation quality and balance sheet substantiation, owning reconciliation standards and control account reviews.

Review and challenge balance sheet reconciliations, investigate aged reconciling items and resolve historic balance sheet issues through root-cause analysis.

Design and embed reconciliation governance and audit-ready frameworks across all entities, coaching the team on methodology; act as primary escalation point for reconciliation and accounting-judgement issues.

Audit management & external auditor coordination

Lead and coordinate external audit across group entities - audit planning, readiness assessments and management of audit trackers and requests.

Prepare and review audit evidence, resolve audit queries and support management representations; liaise with Deloitte, KPMG and other advisors.

Review statutory accounts, drive internal control remediation, follow up audit findings and manage audit timelines across group and local entity audits.

Statutory, board & regulatory reporting

Prepare, review and coordinate board, Audit & Risk Committee and Financial Risk Committee reporting, including management accounts and supporting schedules.

Support statutory financial statements, regulatory and prudential reporting inputs, and governance reporting with entity performance analysis and narrative commentary.

Report to banking partners, boards and senior management.

Tax & regulatory compliance

Oversee and support domestic and international tax compliance - India, UK and Netherlands VAT, VAT registrations/deregistrations and VAT recovery analysis.

Support transfer pricing (including the India entity engagement) and corporation tax; manage HMRC correspondence and regulatory information requests.

Review tax calculations, approve tax payments and monitor cross-border compliance obligations across jurisdictions, liaising with tax advisers.

International entity oversight

Support financial control across all UK entities, Modulr Finance BV, European branches and India operations (including payroll funding and transfer pricing).

Provide consolidation support, intercompany accounting, cross-border reporting and global audit coordination, with local statutory compliance and stakeholder management.

Support US entity setup and provide financial control support for the group's US market entry - including opening balance sheet, local statutory, tax and reporting requirements, and integration into group close and control