Chola Is Hiring Financial Planning and Analysis Manager For Payables

Company: Cholamandalam Investment & Finance Company Ltd. (Chola)
Location: Tamarai (Chennai)
Department: Finance & Accounts
Position: Chartered Accountant Payables, Provisions & Financial Reporting

Role Purpose

To manage and control the Accounts Payable function, accounting provisions, month-end closing activities, balance sheet schedules, statutory compliance, and financial reporting processes within an NBFC environment, ensuring accuracy, compliance, and timely closure of books.

Key Responsibilities

Accounts Payable Management

• Oversee end-to-end accounts payable processes across branches and corporate functions.
• Ensure timely accounting and payment of vendor invoices.
• Review vendor reconciliations and resolve outstanding issues.
• Monitor aging analysis and ensure adherence to payment timelines.
• Strengthen controls around invoice processing and approvals.

Provisions & Month-End Closure

• Prepare and review monthly provisions for expenses, accruals, and liabilities.
• Ensure completeness and accuracy of provisions in line with accounting standards.
• Drive monthly, quarterly, and annual book closure activities.
• Analyze variances and ensure appropriate accounting treatment.

Schedule Preparation & Balance Sheet Control

• Prepare and review balance sheet schedules and supporting workings.
• Reconcile GL balances and ensure timely closure of open items.
• Maintain schedules for prepaid expenses, accruals, provisions, advances, and other balance sheet accounts.
• Coordinate with auditors for schedule validation and audit requirements.

Financial Reporting

• Support preparation of financial statements as per Ind AS and RBI guidelines applicable to NBFCs.
• Assist in management reporting, MIS preparation, and financial analysis.
• Ensure compliance with internal accounting policies and procedures.

Compliance & Audit

• Coordinate with statutory, internal, and concurrent auditors.
• Support GST, TDS, and other regulatory compliance requirements.
• Ensure adequate documentation and audit trail for all accounting transactions.
• Implement process improvements and strengthen financial controls.

Stakeholder Management

• Liaise with business teams, procurement, taxation, treasury, and auditors.
• Provide guidance to AP team members and support process automation initiatives.

Candidate Profile

Qualification

• Chartered Accountant (CA) – Qualified.

Experience

• 2–4 years of post-qualification experience in Finance & Accounts.
• Experience in NBFC, Banking, Financial Services, or large corporate finance functions preferred.
• Strong exposure to Accounts Payable, Provisions, GL Reconciliations, and Schedule Preparation.

Technical Skills

• Sound knowledge of Ind AS and accounting principles.
• Understanding of RBI regulations applicable to NBFCs.
• Experience in ERP systems (SAP/Oracle/Finacle or similar).
• Advanced Excel skills including Pivot Tables, Lookups, MIS reporting, and reconciliations.

Competencies

• Strong analytical and problem-solving skills.
• Attention to detail and accuracy.
• Ability to manage multiple priorities within strict timelines.
• Good communication and stakeholder management skills.
• Process improvement mindset and ownership orientation.

Preferred Experience

• NBFC finance operations.
• Month-end and year-end financial closures.
• Accounts payable and vendor accounting.
• Provision accounting and balance sheet reconciliations.
• Audit coordination and statutory compliance.