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Financial Controller - Loan Against Securities - Bank / NBFC

Financial Controller - Loan Against Securities - Bank / NBFC

Virtuous Advisors & Resources Private LtdMumbai, India
2 days ago
Job description

Description : About the role :

The Financial Controller will lead the finance function of the organization, ensuring accuracy, transparency, and strategic insight in all financial operations. This role encompasses financial reporting, regulatory compliance, accounting control, and treasury management within the NBFC framework. The incumbent will also act as a key business partner to leadership driving financial discipline, governance, and scalability and will be groomed to assume the CFO role in the medium term, subject to performance and regulatory approval.

Key Responsibilities :

1. Financial Planning & Analysis :

  • Lead preparation of annual budgets, business forecasts, and variance analyses.
  • Partner with business heads to provide financial insights, profitability tracking, and cost optimization strategies.
  • Develop business performance dashboards and financial models for decision-making and capital allocation.

2. Accounting & Financial Control :

  • Oversee day-to-day accounting, reconciliations, and month-end closing as per Indian GAAP / Ind AS standards.
  • Ensure accuracy and timeliness of financial statements and management reports.
  • Implement and strengthen internal financial controls, approval workflows, and documentation standards.
  • Manage audit processes (internal, statutory, and RBI) and ensure closure of observations.
  • 3. Regulatory Compliance & Governance :

  • Ensure full compliance with RBI NBFC Master Directions, Companies Act, Income Tax, GST, and other applicable financial laws.
  • Manage regulatory filings and timely submissions of returns to RBI, MCA, and other authorities.
  • Liaise with auditors, legal advisors, and regulatory bodies for financial and governance matters.
  • Support board-level reporting and disclosures.
  • 4. Treasury & Liquidity Management :

  • Manage the firms treasury operations including fund utilization, cash flow forecasting, and working capital optimization.
  • Oversee borrowing arrangements, credit lines, and investment portfolios within approved limits.
  • Ensure asset-liability management (ALM) compliance and reporting in coordination with Risk and Treasury teams.
  • 5. Strategic Finance & Business Partnering :

  • Support CEO and senior management in financial strategy, new product viability, and capital structuring.
  • Participate in fundraising, investor relations, and business expansion planning.
  • Drive automation and digital transformation in finance systems and reporting processes.
  • 6. Leadership & People Development :

  • Build and mentor a high-performing finance team with clear roles across accounting, control, and analytics.
  • Foster a culture of financial integrity, ownership, and compliance across the organization.
  • Contribute to strategic decision-making as part of the leadership team.
  • Role Requirement :

  • Chartered Accountant (CA) mandatory; additional qualification such as CFA / MBA (Finance) preferred.
  • 8 -12 years of post-qualification experience in financial control, accounting, or corporate finance within an NBFC / Bank / Financial Institution.
  • Proven experience managing audits, compliance, and financial operations at a senior level.
  • Exposure to fundraising, treasury management, or board-level reporting will be an advantage.
  • Strong command over NBFC accounting, RBI compliance, and financial reporting standards.
  • Expertise in financial planning, audit management, and regulatory reporting.
  • Deep understanding of liquidity management, ALM, and treasury operations.
  • Strategic mindset with strong analytical and business acumen.
  • High ethical standards, integrity, and attention to detail.
  • Excellent leadership, communication, and stakeholder management skills.
  • (ref : iimjobs.com)

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    Financial Controller • Mumbai, India

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