Finance Controller - Airtel Money Limited - NBFC
ABOUT THE ROLE
The Business & Finance Controller is expected to be a business partner with deep expertise of finance functions domain for the NBFC. As the entity scales from day one, this role will be responsible for building financial infrastructure, owning the regulatory reporting framework, and providing the commercial and P&L intelligence that drives business decisions. This role is expected to provide domain-related expertise on aspects of accounting, reporting and other related regulatory filings.
Key Responsibilities
. Financial Planning, MIS & Business Performance
- Own all rolling forecasts, and monthly MIS across business lines — building these frameworks from scratch as the entity commences operations
- Deliver P&L analysis at product, disbursement channel, and customer segment level; identify and clearly explain drivers of variance versus plan
- Build and maintain financial models for new product launches, and fee economics — translating credit and business assumptions into financial outcomes
- Track and report key NBFC performance metrics: yield on AUM, cost of funds, NIM, credit cost, opex ratio, RoA and RoE — building these dashboards for the first time
. Oversight of Group Parent Accounting (Shared Services Interface)
- Serve as the primary in-house interface for the group parent's accounting shared services team; own the monthly close calendar and enforce input and output deadlines
- Review the month end closing and publish results to management on a timely basis
- Ensure correct application of Ind AS 109 and other Ind AS principles related but not limited to EIR / ECL provisioning entries) in outputs received from the shared services team
- Own the reconciliation between loan system data (disbursements, repayments, NPA tagging) and the general ledger — any breaks must be identified and resolved before month-end close
- Manage intercompany accounting with Group entities — shared service charges, technology fees, co-lending settlements — ensuring both sides reconcile cleanly for group consolidation
Regulatory Reporting & RBI Compliance
- Own all RBI supervisory return submissions for the NBFC entity: DNBS01 (financial parameters), DNBS03 (prudential parameters), and associated schedules — timely, accurate, and reconciled to financial statements
- Oversee NPA classification and provisioning in line with RBI's IRACP norms; ensure Stage 3 (Ind AS) and NPA (regulatory) classifications are reconciled and differences are documented
- Ensure compliance with RBI's Scale-Based Regulation (Middle Layer) requirements on capital adequacy (CRAR), concentration limits, and mandatory disclosures in financial statements
- Support the Revenue & Regulatory Reporting SM in preparing and reviewing all RBI returns; final accountability rests with this role
Internal Financial Controls (IFC) & Consol Framework
- Design and implement the Internal Financial Controls framework
- Conduct or oversee periodic IFC testing; maintain documentation of control design, operating effectiveness, and any gaps with remediation plans
- Own the consolidation reporting pack for Airtel Finance's contribution to the group consolidated financials; ensure intercompany eliminations and group accounting policies are applied consistently
Statutory Audit & Board Reporting
- Lead the annual statutory audit process end-to-end
- Review the annual financial statements (balance sheet, P&L, cash flow statement, notes to accounts) in line with Ind AS and RBI-prescribed formats
- Prepare quarterly Board and Audit Committee financial packs — P&L, balance sheet, capital adequacy, asset quality, and key regulatory metrics
Team Leadership & Finance Function Building
- Directly manage critical finance functions of Revenue & Regulatory Reporting (SM), BPA Finance (SM), and Consol + CFR Head — setting clear mandates, objectives, and development plans for each
- Build the finance function's processes, systems, and ways of working from the ground up — close calendars, review frameworks, MIS templates, and escalation protocols
- Act as the domain knowledge anchor for the NBFC
REQUIRED QUALIFICATIONS & EXPERIENCE
- Chartered Accountant (CA) — mandatory; MBA Finance from a Tier-1 institution is a strong additional qualification
- 6–10 years of total experience with a minimum of 4 years in an NBFC or a related lending entity in a senior finance role
- Hands-on experience with Ind AS 109 — ECL provisioning, EIR amortization, and financial instrument classification
- Working knowledge of RBI's NBFC regulatory framework: SBR Master Direction, IRACP norms, ALM guidelines, co-lending master direction, and supervisory return formats
- Experience in building or significantly improving MIS, financial reporting, and close processes in a startup or early-stage environment is strongly preferred
