Finance & Accounts Manager

AboutWeRize

Founded in 2019 by Vishal Chopra and Himanshu Gupta, WeRize is building India's largest full stack fintechplatform for 500 million underserved middle-class customers who live in 5000+ small towns of India. WeRize (Wortgage technologies pvt ltd) also owns RBI registered NBFC subsidiary (Wortgage Finance pvt ltd)

This customer segmentis not served by privatesector banks, Insurersand Mutual Fund companies due to their low ticket-size and lifetime value and is dependent on PSU/Govt. banks. PSU/Government banks rarely provide financial products beyond basic savings accounts and these customers lack access to unsecured loans, MSME loans, credit cards, affordable housing loans, loan against property , health and life insurance and investment products. WeRize manufactures innovative unsecured consumer credit, mortgages, loan against property, MSME loans,savings and insurance products designed for this customer base keeping in mind their needs, requirements and purchasing power, with a view to add a layer of financial security to their lives and enable access to credit.

While customers in these geographies use smartphones, they need properguidance and support when purchasing the right financial products for themselves. So, a pure digital model doesn't work for this segment. WeRize has innovated on this front through its Finance ki online dukaan (Social Shopify of Finance), a first of its kind social distribution tech platform in the financial services space that educates and enables local financially literate freelancers across these small towns to source business through online and offline channels, recommend the right financial product(s) to customers as well as provide after sales support.These freelancers, who are located in more than 5000+ towns and cities, earn as much as INR 30,000 a month from WeRize in commissions.

Our social distribution platform supported by financially literatefreelancers means exceptionally low cost of customer acquisition (CAC) and operations costs compared to both fully digital and on-the-ground financial services providers. Digital conversions among this target group are way lower when comparedto upper income customers in metros and hence pure digital CAC doesn't workfor this segment. While companies like LIC and Fino Bank also rely on freelancer distribution, they deploy local on-fieldteams/branches to manage freelancers in every city. That resultsin very high CAC and operations costs for such companies. WeRize on the other hand, has been able to acquire, train and manage thousandsof freelancers in 5000+ citiesonly through its tech platform and without any feet-on-street team of its own. This results in highly profitable business model for Werize.

To know more about the company, please visit: https://www.werize.com/

Job Description:

We are seeking a highly skilled and motivated Chartered Accountant (CA) with 3-4 years of post-qualification experience to join our Controllership - Finance & Accounts team. The ideal candidate will be responsible for overseeing financial reporting, compliance, internal controls, and ensuring accurate and timely financial data management.

Key Responsibilities:

1. Loan Disbursement

• Personal & SME Loans: Verify base workings against LS data and manage daily disbursements within the LMS.
• Co-lending : Manage Loan ID-wise lead verification, escrow account transfers, and specific disbursement protocols for co-lending partners.
• LAP (Loan Against Property): Manage physical cheque preparation and maintain the Cheque Master Tracker.

2. Treasury & Fund Management

• Cashflow Management: Prepare and maintain the daily cashflow statement; communicate positions via the Treasury Group to ensure liquidity.
• Investment Tracking: Maintain the Fixed Deposit (FD) tracker, ensuring all accrued interest is calculated accurately on a monthly basis.

3. Debt Servicing Management

• Lender Compliance: Validate lender EMI schedules (ROI verification) and maintain the Master Repayment Schedule.
• Payment Execution: Generate EMI reports based on due dates, execute payments, and ensure UTR numbers are updated in the Master Schedule immediately.

4. Partner Payouts & Taxation

• Disbursement Validation: Reconcile Partner Payout sheets with LMS and
• Master Payment records before processing.
• Reporting: Update UTRs in the PRM Dashboard and communicate payment details to the PRM team.
• Compliance: Prepare monthly TDS and RCM Payable summaries, post Tally entries by slot, and manage the digital audit trail on Google Drive.

5. Insurance Operations & Reconciliation

• Float Management: Process insurance floats to key providers (Onsurity, Livlong, Care, Niva).
• Accruals & MIS: Prepare monthly Insurance Accrued files from LMS data and collaborate with the MIS team (Shyam).
• Refunds & Recons: Handle insurance refunds for off-book lenders (e.g., Northern Arc) and perform monthly GL reconciliations between Tally and insurance company balances.

6. General Accounts & Vendor Management

• Vendor Payments: Process approved vendor payments post approval.
• General Ledger Recon: Match the GL ending balance with the external source (e.g., Bank Statement, Accounts Payable sub-ledger)

Qualifications and Skills:

• Experience: 4–5 years in Finance/Accounts, preferably within an NBFC or FinTech environment.
• Technical Proficiency: Advanced knowledge of Tally ERP/Prime, MS Excel (VLOOKUPs, Pivot Tables), and Loan Management Systems (LMS).
• Attention to Detail: Ability to reconcile complex data sets across multiple platforms (LMS vs. Tally vs. Bank).
• Communication: Strong follow-up skills for coordinating with external stakeholders (Nikita/RiseFin, Insurance partners, Auditors).
• Integrity: High level of confidentiality and accuracy in managing large-scale fund transfers