Finance Head

Role & responsibilities

Key Responsibilities

A. Financial Accounting & Reporting

• Lead the overall accounting and finance function of the organization.
• Ensure accurate and timely closure of monthly, quarterly, and annual books of accounts.
• Ensure preparation of financial statements in accordance with applicable Ind AS, Companies Act requirements, and RBI regulations applicable to the organization.
• Review accounting entries, provisions, accruals, reconciliations, and schedules.
• Ensure accurate accounting of loan portfolio, interest income, interest expense, ECL/provisions, write-offs, recoveries, and other financial transactions.
• Prepare and present financial MIS and management reports to the CEO/MD and Board.

B. RBI & Regulatory Compliance

• Ensure timely and accurate submission of applicable RBI returns and regulatory statements.
• Monitor compliance with RBI regulations applicable to NBFCs/NBFC-MFIs.
• Coordinate with Compliance, Risk, Internal Audit, and other functions on regulatory requirements.
• Ensure proper maintenance of statutory records and supporting documentation.
• Track changes in RBI regulations, accounting standards, taxation, and other applicable laws and ensure implementation.

C. Treasury & Liquidity Management

• Lead treasury and cash-flow management activities.
• Prepare daily/weekly/monthly liquidity and cash-flow forecasts.
• Ensure adequate liquidity for loan disbursements, operating expenses, interest payments, and debt obligations.
• Manage relationships with banks, financial institutions, investors, and lenders.
• Monitor borrowing costs, repayment schedules, interest obligations, and maturity mismatches.
• Support negotiations for bank facilities, term loans, working capital facilities, securitisation, assignment, NCDs, and other funding arrangements as applicable.
• Maintain appropriate liquidity buffers and monitor ALM requirements in coordination with the relevant teams.

D. Fund Raising & Lender Management

• Coordinate with banks, NBFCs, DFIs, investors, and other funding partners.
• Prepare financial information, lender MIS, due-diligence documents, and financial projections.
• Support debt raising and refinancing initiatives.
• Ensure timely compliance with financial covenants and lender conditions.
• Maintain strong relationships with lenders and address their information requirements.

E. Budgeting, Planning & Financial Analysis

• Lead the annual budgeting and financial planning process.
• Prepare business plans, budgets, forecasts, and financial projections.
• Monitor actual performance against budget and provide variance analysis.
• Analyze branch/region/product-wise profitability and cost efficiency.
• Provide financial insights to management for pricing, expansion, cost optimization, and business decisions.
• Develop financial models for new products, geographies, and strategic initiatives.

F. Taxation

• Oversee direct and indirect taxation matters.
• Ensure timely compliance with applicable GST, TDS, income tax, and other statutory requirements.
• Coordinate with tax consultants and advisors.
• Review tax assessments, notices, litigation, and other tax matters.
• Identify tax risks and ensure appropriate tax planning within applicable laws.

G. Audit & Internal Controls

• Coordinate statutory, internal, tax, RBI, and other audits.
• Ensure timely closure of audit observations.
• Strengthen financial controls, accounting processes, and reconciliation mechanisms.
• Ensure appropriate maker-checker controls and segregation of duties.
• Monitor financial fraud risks and escalate material issues to senior management.
• Work closely with Internal Audit, Risk, Compliance, and Operations to strengthen control frameworks.

H. Microfinance Portfolio & Financial Controls

• Ensure accurate reconciliation between the loan management system/core systems and accounting records.
• Monitor portfolio-related accounting, including:
  
• Loan disbursements
• Principal collections
• Interest income
• Overdue/DPD-related accounting
• Write-offs
• Recoveries
• ECL/provisioning
• Portfolio sale/assignment/securitisation
• Ensure branch and operational transactions are properly accounted for and reconciled.
• Review portfolio MIS from a financial-control perspective.

I. Cost & Expense Management

• Monitor operating expenses and cost-to-income ratios.
• Establish appropriate financial controls over procurement and expenses.
• Review branch and corporate overheads.
• Identify opportunities for cost optimization without compromising operational effectiveness.
• Monitor employee-related costs, administrative expenses, technology costs, and other major expense heads.

J. Technology & Finance Transformation

• Drive automation and digitization of finance processes.
• Ensure integration between accounting systems, loan management systems, HR/payroll, collection systems, and MIS where applicable.
• Improve financial reporting through dashboards and automated MIS.
• Ensure data integrity and appropriate financial controls over system-generated transactions.

K. Board & Management Reporting

• Prepare financial presentations and reports for the Board, Audit Committee, and senior management.
• Provide analysis on profitability, liquidity, capital position, portfolio performance, borrowing, and financial risks.
• Highlight significant financial risks, deviations, and emerging issues with appropriate recommendations.
• Support management in strategic financial decision-making.

3. Key Performance Indicators (KPIs)

• Timely and accurate monthly/quarterly/year-end financial closure.
• Accuracy of financial statements and management MIS.
• Timely submission of RBI and statutory returns.
• Audit observations and timely closure of audit issues.
• Accuracy of cash-flow and liquidity forecasting.
• Maintenance of adequate liquidity levels.
• Cost of borrowing and funding efficiency.
• Compliance with lender covenants.
• Budget adherence and quality of variance analysis.
• Improvement in finance process automation and turnaround time.
• Accuracy and timeliness of tax compliance.
• Timely reconciliation of loan portfolio and financial accounts.
• Strength and effectiveness of internal financial controls

Preferred candidate profile