Financial Controller - Intern (Mumbai)

Financial Controller - Intern (Mumbai)

28 Aug
|
Magic Bus India Foundation
|
Mumbai

28 Aug

Magic Bus India Foundation

Mumbai

About Magic Bus: Magic Bus India Foundation, founded in 1999 by Matthew Spacie, stands among the top five NGOs in India dedicated to education and skill development. Our mission is to create a world where young people break free from poverty, leading fulfilling and rewarding lives while making positive contributions to their communities. We achieve this by enabling adolescents to complete their secondary education, providing them with the necessary skills for employment, and connecting them to job market opportunities. Through our network of connected schools operating in 234 districts across 24 states, we have positively impacted the lives of over 8 million adolescents, with an impressive 52% participation rate of girls.
# The Livelihood Programme focuses on enhancing employability by providing specialised skills training and connecting young individuals to sustainable livelihood opportunities. Through our 115 Livelihood Centres and 1250 Colleges, we offer sector-specific training, job placements, and post-placement support. This programme, operational in 19 states, has achieved an impressive 60% participation rate among girls and has a cumulative outreach of 6,00,000 youth

Finance Controller
Reporting To: Chief Financial Officer (CFO)

The Finance Controller will act as the second-in-command to the CFO , responsible for end-to-end financial management, governance, compliance, and operational efficiency of the finance function across the organization.
This is a strategic and operational leadership role , overseeing finance, procurement, and administrative functions while ensuring strong financial controls, donor compliance, and process excellence aligned with the organization’s scale and growth trajectory.

Finance Operations & Control
Accounts Payable (AP)
Accounts Receivable (AR)
General Accounting
Ensure timely and accurate accounting closure (monthly, quarterly, annual).
Maintain strong financial discipline and governance across all transactions.
Act as final approval authority for financial transactions as per delegation matrix.
Drive cash flow management, treasury planning, and fund utilization .

Ensure alignment of budget vs actuals (BVA) across all projects.
Support donor audits, due diligence,



and financial reviews .
Ensure compliance with donor-specific requirements including FCRA and domestic funding norms .

Compliance, Audit & Internal Controls
Income Tax Act
GST and other applicable laws
Internal audits
Statutory audits
Donor audits
Design and implement robust internal financial controls (IFC) .
Monitor compliance calendar and risk areas proactively .

MIS, Reporting & Decision Support
Own the Monthly MIS process :
Preparation, validation, and analysis
Build data-driven dashboards and insights for leadership decision-making.
Ensure real-time visibility of financial performance across projects and functions.
Drive continuous improvement in quality, accuracy, and timeliness of reporting .

Lead and manage multi-layered finance teams , including:
Accounts Payable Team
MIS-Compliance-Audit Team
Build high-performance culture , accountability, and capability development.
Ensure clear role definitions, KPIs, and performance tracking .

Procurement & Commercial Governance
Implement robust procurement policies and approval matrices .
Ensure cost optimization, transparency, and fraud prevention mechanisms .
Set up and manage Admin function across Head Office and Regions .
Facilities management
Travel and logistics
Infrastructure and asset management
Systems & Process Transformation
Lead implementation and optimization of finance IT systems , including:
ERP (e.g., Microsoft Dynamics 365)
Drive automation and digitization initiatives across finance processes.
Improve data integration, workflow automation, and approval systems .
Design and implement efficient business processes across finance and support functions.
Enable finance to act as a business partner to program and operations teams .
Financial planning & forecasting




Process transformation
AI/automation in finance
Digital Transformation & AI Enablement
Drive adoption of AI-enabled finance systems and tools across the organization
Work closely with CFO to conceptualize and implement AI-driven finance initiatives
Enable transition from transaction-based finance to insight-driven finance function

Timely and accurate monthly financial closure
High-quality MIS reporting and insights
Zero major audit qualifications
Effective team performance and retention
Successful implementation of systems and automation initiatives

Qualifications & Experience
Chartered Accountant (CA) / CPA / MBA Finance (preferred)

Experience
~12–18 years of experience in:
~ Finance controllership
~ Accounting and compliance
~ Audit and governance
~ Experience in non-profit/NGO sector or donor-funded organizations preferred
~ Experience in ERP implementation and process transformation

Accounting standards
Financial controls
MIS and financial analytics
Procurement and commercial negotiations
Strong understanding of finance technology ecosystems, including:
ERP systems (e.g., Microsoft Dynamics 365)
Data analytics and reporting systems
Demonstrated capability in leading software system implementations, including:
UAT and rollout
Post-implementation stabilization
Understanding of AI-enabled finance applications such as:
AI-driven MIS and reporting
Automated data extraction and reconciliation
Experience with or exposure to AI-led software systems will be a strong advantage, including:
NLP-based data querying
Accounting standards
Financial controls
MIS and financial analytics
Procurement and commercial negotiations
Strategic & Digital Mindset
Experience in process re-engineering and automation
Understanding of AI/technology in finance (preferred)
Ability to drive data-led decision-making

This role is critical in ensuring that finance operates as a strategic enabler , supporting Magic Bus in scaling operations while maintaining solid governance, transparency, and compliance across all programs and geographies.

📌 Financial Controller - Intern (Mumbai)
🏢 Magic Bus India Foundation
📍 Mumbai

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