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 organization's 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.