Senior Accounts Manager

Senior Manager / VP – Accounts & Finance

Location: Mumbai

Department: Finance & Accounts

Reporting To: CFO / Head – Finance

About the Role

We are looking for a dynamic and experienced finance professional to lead the Accounts & Finance function for a fast-growing, RBI-regulated Middle Layer NBFC. The incumbent will be responsible for financial reporting, regulatory compliance, banking operations, treasury support, accounting controls, taxation, audits, and finance transformation initiatives. The role requires strong expertise in Ind-AS, RBI regulations, ERP systems, automation, and stakeholder management to support the organizations growth while ensuring robust financial governance.

Key Responsibilities

1. Financial Accounting & Reporting

• Prepare and finalize standalone and consolidated financial statements in accordance with Ind-AS.
• Ensure accurate accounting of:
• Expected Credit Loss (ECL)
• Effective Interest Rate (EIR)
• Amortized Cost
• Co-Lending arrangements
• Direct Assignment (DA) & Pass Through Certificate (PTC) transactions
• Lease accounting
• Ensure consistency between books of accounts, regulatory returns, lender submissions, and published financial statements.
• Drive month-end and year-end financial closing activities within defined timelines.

2. RBI Regulatory Compliance

• Ensure compliance with RBI Scale Based Regulation (SBR) applicable to Middle Layer NBFCs.
• Prepare and file RBI returns including:
• DNBS Returns
• ALM Statements
• Other prescribed regulatory reports
• Coordinate RBI inspections, supervisory reviews, and regulatory submissions.
• Track and close regulatory observations within stipulated timelines.

3. Audit, Governance & Internal Controls

• Lead statutory, internal, concurrent, ASM, and regulatory audits.
• Strengthen Internal Financial Controls (IFC).
• Design and monitor maker-checker controls and approval frameworks.
• Develop and periodically update finance SOPs in line with regulatory expectations.
• Ensure complete audit readiness and compliance documentation.

4. Banking Operations & Finance Operations

• Monitor daily fund flows, liquidity, bank balances, and branch cash positions.
• Manage banking relationships and operations including:
• Payment processing
• Collections
• Escrow Accounts
• Virtual Accounts
• Bank reconciliations
• Ensure timely processing of:
• Vendor payments
• Statutory dues
• Employee reimbursements
• Lender obligations
• Manage end-to-end Accounts Payable operations including vendor onboarding, invoice verification, payment scheduling, ageing analysis, and reconciliations.
• Develop robust banking and payment SOPs.
• Coordinate with banks for operational support and issue resolution.

5. Budgeting, MIS & Business Finance

• Prepare annual budgets and rolling forecasts.
• Ensure monthly MIS is published by the 10th of every month.
• Perform variance analysis and financial performance reviews.
• Develop dashboards covering:
• AUM
• Disbursements
• Asset Quality
• Collection Efficiency
• Yield
• Profitability
• Partner with Business, Risk, Credit, and Operations teams to support strategic decision-making.

6. ERP, Automation & AI

• Drive optimization of Microsoft Business Central and Loan Management System (LMS).
• Automate:
• Accounting entries
• Bank reconciliations
• Regulatory reporting
• Lender reporting
• MIS generation
• Implement workflow automation, ERP integrations, and RPA solutions.
• Leverage AI-powered tools for:
• Financial reporting
• Data analytics
• Reconciliations
• Exception reporting
• Document review
• Productivity enhancement
• Ensure source-to-GL reconciliation and strong data governance.
• Evaluate emerging finance technologies to improve scalability and operational efficiency.

7. Taxation & Listed Entity Compliance

• Coordinate direct and indirect tax compliances.
• Support tax assessments and auditor interactions.
• Assist in listed entity disclosures and Audit Committee reporting.
• Ensure timely submission of investor-facing financial information and regulatory disclosures.
• Key Skills & Competencies
• Strong knowledge of Ind-AS, RBI Scale Based Regulations (SBR), ALM, ECL, and NBFC accounting.
• Expertise in financial reporting, accounting standards, and statutory compliance.
• Hands-on experience with Microsoft Business Central, ERP systems, and Loan Management Systems (LMS).
• Proven experience in finance transformation, ERP implementation, workflow automation, and AI-enabled finance solutions.
• Strong understanding of banking operations, Accounts Payable, treasury support, and payment controls.
• Experience in building SOPs, maker-checker frameworks, and internal financial controls.
• Excellent analytical, problem-solving, stakeholder management, and communication skills.
• High attention to detail with strong governance and compliance orientation.

Educational Qualifications

Chartered Accountant (CA) – Mandatory.

Preferred Experience

• RBI-regulated NBFC, HFC, Bank, or Financial Services organization.
• Experience in a listed company or rapidly growing financial institution will be preferred.
• Exposure to RBI inspections, lender reporting, securitization, co-lending, and finance transformation initiatives is highly desirable.