Role & responsibilities

Role Purpose-

The Head Accounts & Taxation is the single point of accountability for the accuracy, integrity and regulatory

compliance of the NBFC's books of accounts, tax compliance, and financial control environment. Operating as

a strategic partner to the function, the role goes beyond routine accounting & tax delivery to shape financial

governance, drive audit and regulatory readiness, enable new business lines, and build a scalable, automated

finance backbone benchmarked against the standards of leading diversified NBFCs in the Industry.

Key Responsibilities-

AREA STRATEGIC RESPONSIBILITIES KEY

DELIVERABLES /

KPIs

Financial

Accounting

& Close

- Own the end-to-end monthly, quarterly and annual book

closure and Board/investor MIS with no-surprise, first-time-right

reporting.

- Drive a disciplined close calendar across the LMS, ensuring

accounting integrity of high-volume retail/wholesale loan books

and timely accurate accounting/recording of all transactions.

- Institutionalise ECL (Expected Credit Loss) governance

methodology, model validation, overlays and provisioning

rational.

Close within T+3

every cycle –

Zero material

restatements –

ECL model

validated & audit-

ready

IND AS &

Schedule III

Financials

- Ensure full technical compliance of financial statements with

IND AS (109, 116, 32, etc.) and Schedule III (Division III)

presentation for NBFCs.

- Track evolving accounting standards/ICAI guidance and

provide the impact analysis and lead implementation of

changes.

- Own the related-party transactions, segment and fair-value

disclosures with technical rigor expected of a listed.

–

Clean Ind AS

opinion

–

Nil disclosure gaps

RBI

Regulatory

Reporting

- Ensure 100% accurate, on-time submission of all RBI/NBFC

prudential returns (DNBS, CRILC, capital adequacy, Treasury

related returns).

- Act as primary finance interface for RBI inspections — pre-

inspection readiness, query resolution and risk mitigation

action plans.

- Monitor regulatory developments (scale-based regulation, IND

AS/RBI convergence, etc.)



and proactively reposition policy,

reporting frameworks and implement the changes, if any.

–

100% return

timeliness

–

Nil RBI

penalties/adverse

remarks

Direct &

Indirect

Taxation

- Own the tax compliance- corporate tax, TDS, GST - including

optimisation, litigation management and assessment/appeal

representation, if any.

- Advise the business (product, treasury, co-lending, digital

lending) on tax structuring for new products and partnerships

before launch.

- Monitor- Tax & Regulatory changes and implement, Provide

the guidance to business from tax and Regulatory perspective

- Build a defensible tax governance framework and maintain a

healthy relationship with tax authorities and external counsel.

–

Nil penal exposure

–

Litigation

resolved/contained

2

Internal

Financial

Controls

(IFC)

- Design, implement and continuously test the IFC/ICFR

framework across the finance value chain in line with the

Companies Act and accepted control principles.

- Own the Risk & Control Self-Assessment (RCSA) programme

with monthly control testing to identify and close gaps ahead of

audit.

- Govern master data integrity — chart of accounts, tax masters,

vendor/customer masters — with segregation of duties and

system-enforced approvals.

- Standardize and update the finance processes, policies &

SOPs

–

Zero significant

control deficiencies

–

RCSA coverage

100%

–

Up-to-date policies,

SOPs

Audit

Management

- Lead statutory, internal, tax, concurrent and RBI audits end-to-

end — readiness, query management and time-bound closure

of observations.

- Own the relationship with key stakeholders for smooth audit

closure.





- Drive root-cause based closure of audit actionable to prevent

repeat observations across cycles.

–

Nil material/repeat

observations –

100% actionable

closed on time

Financial

Systems &

Automation

- Drive automation and digitalization of finance processes to

enhance efficiency, accuracy, and scalability.

- Partner with Tech to strengthen the finance systems

architecture (ERP, LMS integration, RPA, data lake) for a fast-

growing loan book.

- Benchmark processes against industry leaders and drive a

continuous-improvement roadmap for the finance function.

–

Documented

automation gains

each year

–

Reduced manual

touchpoints in

close

Team

Leadership

- Build, mentor and retain a high-calibre Accounts & Taxation

team; create career paths and succession depth for critical

roles.

- Instil a culture of ownership, technical excellence and

regulatory discipline across the team.

- Act as a strategic partner and coach to direct reports, enabling

them to independently manage stakeholders.

–

Attrition within

benchmark

–

Engagement score

improvement

–

Bench strength for

key roles

Stakeholder

Management

- Serve as a trusted finance partner to the HOD, CXOs and CEO

on accounting, tax and regulatory matters.

- Bridge Finance with Business, Risk, Operations and

Technology to enable new products/business lines with

accounting and compliance readiness.

–

High stakeholder

satisfaction

–

Open items closed

within agreed SLA

Qualification and Experience:

• Chartered Accountant (CA) with ~ 12 years of progressive finance experience preferably from NBFC /HFC

background.

• Deep technical mastery of IND AS, Schedule III, RBI prudential/NBFC regulations and direct/indirect tax

law

• Prior experience in a high-growth, scale-based-regulation NBFC, having operated at a similar role.

• Solid grip on ECL modelling, IFC/ICFR frameworks and regulatory reporting systems (NBS, DNBS, ALM

returns)

• Sound judgement and integrity in navigating complex, ambiguous regulatory and accounting positions.

📌 Head of Accounts & Tax (Mumbai)
🏢 Benchire
📍 Mumbai