IA India Accelerator Private Limited

: Finance Controller

Finance and Accounts | Corporate Office, Gurugram | October 2026

1. Position Summary

Position Title: Finance Controller (FC)

Function: Finance and Accounts (F&A;)

Location: Corporate Office, Gurugram

Reports to: Group Chief Financial Officer (CFO)

Direct report: Manager F&A; (IA), who leads the Accounts Payable and Accounts Receivable verticals

Team under span: F&A; team of eight (one Manager, two Assistant Managers, four Executives, one Executive position proposed)

Entity and division coverage: IA India Accelerator Private Limited (divisions: IA Spaces coworking, Accelerator, iAngels, IA Dubai) and group subsidiaries and associates for consolidation

Position status: Proposed new role in the F&A; organisation structure

Employment type: Full time, permanent

Grade and compensation: As per HR band.

2. About India Accelerator

IA India Accelerator Private Limited (IA) is a Gurugram headquartered startup platform operating across three connected verticals: Discover (IA Spaces, a national network of managed coworking hubs across multiple cities), Engage (the Accelerator division that sources, assesses and supports early stage startups) and Invest (fund operations conducted through Finvolve and its SEBI registered Alternative Investment Fund vehicles). The group includes wholly owned and majority owned subsidiaries, associate entities, investment manager LLPs and an overseas presence in Dubai. The group has also grown through acquisitions.

IA prepares its statutory financial statements under the Accounting Standards framework notified under the Companies Act, 2013 and is preparing for a transition to Ind AS as part of its IPO readiness programme. The finance function is therefore moving from a transaction processing orientation to a controllership model with defined ownership, a published close calendar, measurable KRAs and audit ready documentation across entities and divisions.

The Finance

Controller is the role that anchors this transition.

3. Purpose of the Role The Finance Controller owns the integrity of the books of account, the timeliness of the monthly close, the completeness of statutory and tax compliance, and the quality of financial reporting for IA and the entities under its span. The role leads the F&A; team through the Manager F&A;, sets the control environment within which the Accounts Payable, Accounts Receivable, Treasury, Payroll and Fixed Asset processes operate, and acts as the CFO's principal delegate for audits, consolidation, MIS and finance systems.

The Finance

Controller frees the CFO to focus on fundraising, group structuring, valuation and strategic finance by taking end to end accountability for controllership.

4. Position in the Organisation Structure The Finance Controller reports to the Group CFO and sits alongside the HR function (Manager HR and Executive HR), which also reports to the CFO. The F&A; organisation under the Finance Controller is set out below. Designations marked Proposed are approved positions not yet filled.

Level 1 - Finance Controller: Reports to Group CFO. Scope: F&A.; Status: Proposed

Level 2 - Manager F&A; (IA): Reports to Finance Controller. Scope: F&A;, all divisions. Status: Existing

Level 3 - Assistant Manager, Accounts Payable: Reports to Manager F&A.; Scope: AP, Capex and Opex. Status: Existing

Level 3 - Assistant Manager, Accounts Receivable: Reports to Manager F&A.; Scope: AR and Treasury. Status: Existing

Level 4 - Executive, AP (Capex): Reports to AM, Accounts Payable. Scope: Capital expenditure, fixed assets. Status: Existing

Level 4 - Executive, AP (Opex): Reports to AM, Accounts Payable. Scope: Operating expenditure, vendor payments. Status: Proposed

Level 4 - Executive, AR: Reports to AM, Accounts Receivable. Scope: Billing, collections, 26AS. Status: Existing

Level 4 - Executive, Treasury: Reports to AM, Accounts Receivable. Scope: Banking, payments, cash. Status: Existing

Entity and division coverage follows the F&A; mapping adopted for the financial year ending 31 March 2026. Within IA, the Coworking (IA Spaces) division carries the full sub ledger set: AR and security deposits received, TDS receivable reconciliation to Form 26AS, GST output, AP and security deposits paid, TDS on vendor payments, GST input, payroll and TDS on salaries, fixed assets and depreciation. The Accelerator and iAngels divisions carry AR and AP ledgers with the associated TDS and GST sub ledgers, with Accelerator transactions currently controlled directly by the Manager F&A.;

IA Dubai is covered at the level of its financial statements.

5. Key Responsibilities

5.1 Accounting, Books of Account and Month End Close

-Own the general ledger and all sub ledgers for IA and its divisions, ensuring books are complete, accurate and maintained in accordance with the Accounting Standards notified under the Companies Act, 2013 and the group accounting policies.

-Own and enforce the monthly Book Closure calendar, which runs from five business days before month end (BD minus 5) to thirteen business days after month end (BD plus 13), with defined activities, owners and cut offs for each business day, and publish the closed trial balance and management accounts by the last day of the calendar.

-Review and approve all month end journals, provisions, accruals, prepayments, revenue cut off entries, intercompany entries and reclassifications before close.

-Ensure monthly reconciliation of every balance sheet account, including bank, security deposits received and paid, TDS receivable to Form 26AS and AIS, TDS payable to challans and returns, GST input and output to GSTR 2B and GSTR 1, intercompany balances, and vendor and customer sub ledgers to control accounts.

-Maintain divisional accounting so that each division (IA Spaces, Accelerator, iAngels, IA Dubai) and each coworking hub produces a reliable revenue, cost and working capital view for segment MIS and IPO reporting.

-Account for acquisitions, business transfers, share swaps, deferred consideration and employee stock options in line with the applicable standards and the accounting positions approved by the CFO.

-Oversee capitalisation of fixed assets and intangible assets under development, including internally developed software platforms, with appropriate cost capture, component accounting, useful life assessment and depreciation or amortisation under AS 10 and AS 26.

5.2 Accounts Receivable, Billing and Collections

-Supervise, through the Assistant Manager AR, the billing cycle for coworking memberships, fit out and other services, accelerator and advisory fees and iAngels revenue, ensuring invoices are raised on time, at contracted rates and with correct GST treatment, place of supply and HSN or SAC classification.

-Monitor collections, ageing and days sales outstanding by division and hub, drive the escalation process for overdue accounts, and approve credit notes, write offs and provisioning for doubtful debts.

-Control the security deposit ledger for customers, including receipt, adjustment on exit and refund, and ensure deposits are reconciled to agreements.

-Ensure TDS deducted by customers is tracked, reconciled to Form 26AS and claimed in the return of income, and that lower deduction certificates obtained by IA under section 395 of the Income tax Act, 2025 are administered in line with the approved SOP, including generation of certificates on TRACES, allocation and monitoring of limits, treatment on customer exit and renewal.

-Act as finance owner for the AR module of IA's internal coworking management platform, including requirements, user acceptance testing, reconciliation of system billing to the ledger and post go live controls.

5.3 Accounts Payable, Procurement Controls and Vendor Management

-Supervise,



through the Assistant Manager AP, the recording and payment of Capex and Opex invoices, including rent, common area maintenance, housekeeping, maintenance, utilities, broker commissions, qualified fees and contractor payments across all hubs.

-Enforce the purchase to pay control framework: purchase order or agreement backing, three way matching where applicable, approval matrix, duplicate payment checks, vendor master controls and payment batch approval.

-Ensure correct TDS deduction under the applicable sections, timely deposit, filing of quarterly TDS returns and issue of Form 16A, and resolution of defaults and notices on TRACES.

-Ensure GST input tax credit is availed only where eligible, reconciled monthly to GSTR 2B, and that blocked credits, reversals and vendor non compliance are tracked and recovered.

-Control the security deposit ledger for landlords and vendors, including recoverability review and adjustment on exit from premises.

-Own the SOPs for recurring AP processes, including the broker commission processing SOP, and keep them current as the business changes.

5.4 Treasury, Banking and Cash Management

-Supervise daily banking, payment release, bank reconciliations and cash positioning through the Executive Treasury, with segregation between payment preparation, approval and release.

-Prepare and maintain a rolling thirteen week cash flow forecast and a monthly cash flow statement for the CFO, highlighting collection shortfalls, rent and payroll commitments and funding requirements.

-Manage bank relationships at the operating level, including account opening and closure, signatory changes, bank guarantees, fixed deposits and compliance with bank documentation requirements.

-Administer intercompany funding, loans and advances between group entities with proper documentation, interest computation where applicable and compliance with sections 185 and 186 of the Companies Act, 2013.

5.5 Payroll and Employee Related Accounting

-Review monthly payroll accounting in coordination with HR, including salary cost allocation by division and hub, capitalisation of tech team cost to intangible assets under development where eligible, reimbursements and full and final settlements.

Ensure TDS on salaries is computed, deposited and reported correctly, that Form 24Q and Form 16 are issued on time, and that provident fund, employee state insurance, professional tax and labour welfare fund payments and returns are made within due dates.

¢ Account for gratuity, leave encashment and other employee benefits in accordance with AS 15, including coordination of actuarial valuations where required, and account for the IA employee stock option plan in accordance with the applicable guidance.

5.6 Statutory Compliance and Taxation

¢ Own the compliance calendar for direct tax, GST, Companies Act, FEMA and other applicable laws for IA and the entities under span, and report compliance status to the CFO monthly with nil tolerance for late filings.

¢ Ensure GST compliance across all state registrations arising from the IA Spaces hub network, including GSTR 1, GSTR 3B, annual return and reconciliation statement, input service distributor or cross charge mechanics between registrations, e invoicing and responses to departmental notices.

¢ Ensure advance tax computation and payment, preparation of the tax audit report and return of income, and timely response to assessments, appeals and notices in coordination with tax advisors.

¢ Ensure Companies Act compliance touching finance, including maintenance of books and registers, related party transaction approvals and disclosures under section 188 and AS 18, deposits rules compliance, CSR applicability assessment and filing of financial statements with the Registrar of Companies in coordination with the Company Secretary.

¢ Ensure FEMA compliance for overseas investments and the Dubai entity, including overseas direct investment reporting, annual performance reports, the Foreign Liabilities and Assets return and pricing and reporting requirements on any foreign inbound investment into IA.

¢ Maintain a register of all notices, litigation and contingent liabilities and ensure appropriate disclosure and provisioning.

5.7 Financial Reporting, Consolidation and Audit

¢ Prepare standalone financial statements for IA and consolidated financial statements for the IA group in accordance with Schedule III and the applicable Accounting Standards, including consolidation of subsidiaries and equity accounting of associates and joint ventures, elimination of intercompany transactions and minority interest computation.

¢ Lead the statutory audit, tax audit, GST audit and any special purpose audits as the primary management counterpart to the auditors, agree the audit timetable, close open items and ensure sign off within the dates set by the CFO and the Board.

¢ Prepare audit ready documentation for significant accounting positions, including acquisition accounting, intangible capitalisation, revenue recognition for multi element coworking arrangements, lease accounting and ESOP accounting, with supporting workings and management representations.

¢ Lead the Ind AS transition programme for the group: gap assessment against the current Accounting Standards framework, impact quantification (leases, revenue, financial instruments, business combinations, share based payments, consolidation), accounting policy choices, opening balance sheet preparation and parallel reporting during the transition period.

¢ Support IPO readiness by producing restated financial information for the required periods, responding to due diligence requests from merchant bankers, legal counsel and auditors, and establishing the reporting controls expected of a listed company.

5.8 Management Reporting, Budgeting and Business Partnering

¢ Produce the monthly MIS pack for the CFO, Board and investors within the close calendar, covering divisional and hub level profit and loss, balance sheet, cash flow, working capital metrics, occupancy linked revenue analytics for IA Spaces and variance analysis against budget.

¢ Lead the annual budgeting exercise and periodic reforecasts in coordination with division heads, and feed actuals into the group consolidated financial model maintained by the CFO's office.

¢ Support investor reporting and fundraising due diligence for the IA holding company by supplying verified financial data, reconciliations and schedules, and by responding to investor and diligence queries on the accounts.

¢ Partner with the IA Spaces, Accelerator and iAngels leadership on pricing, contract structures, deposit terms, capex approvals and cost control, bringing an accounting and tax view to commercial decisions before they are executed.

5.9 Internal Controls, Processes and Systems

¢ Design, document and operate the internal financial controls framework required under the Companies Act, 2013, including risk and control matrices for each process, periodic control testing and remediation tracking.

¢ Maintain a complete set of standard operating procedures for AR, AP, treasury, payroll, fixed assets, closing and compliance, with version control and annual review.

¢ Act as finance owner for the accounting system and for finance related modules of IA's internal platforms, including chart of accounts design, cost centre and division mapping, user access and segregation of duties,



master data governance and automation of reconciliations.

¢ Coordinate with internal audit, implement agreed recommendations within committed timelines and report the status of open points to the CFO.

5.10 Team Leadership and KRA Governance

¢ Lead, coach and develop the F&A; team through the Manager F&A;, set clear role descriptions and the Team KRA matrix for every position (area, activity, description, ownership, frequency, timeline, trackable metrics and expected compliance) and review performance against it quarterly.

¢ Build bench strength and cross training across AP, AR and Treasury so that the close calendar and compliance deadlines are met irrespective of leave or attrition, and lead the hiring and onboarding of the proposed Executive AP (Opex) and future positions.

¢ Set the standard for documentation, ticketing of queries from business users and response times, and ensure the team operates as a service function to the divisions.

6. Key Performance Indicators

Performance in the role is measured against the following indicators. Targets are set annually by the CFO and recorded in the Team KRA matrix.

¢ Month end close: Trial balance closed and MIS pack issued within the Book Closure calendar. Target: 100% of months within BD plus 13; stretch target BD plus 7.

¢ Balance sheet integrity: Accounts reconciled monthly with no unreconciled items older than 60 days. Target: 100% of accounts reconciled; nil items over 60 days.

¢ Statutory and tax compliance: GST, TDS, Companies Act, FEMA and labour law filings and payments made within due dates. Target: Nil late filings; nil interest or penalty for delay.

¢ Tax credit reconciliation: GST input credit reconciled to GSTR 2B; TDS receivable reconciled to Form 26AS. Target: Unreconciled difference below agreed threshold at each quarter end.

¢ Audit closure: Statutory and tax audits completed and signed within Board approved timetable. Target: Sign off by agreed dates; no material audit adjustments; no qualification.

¢ Receivables: Days sales outstanding and overdue ageing by division and hub. Target: Within annual target; overdue above 90 days below agreed percentage of AR.

¢ Payables and vendor compliance: Payments within agreed credit terms; duplicate or unauthorised payments. Target: Nil duplicate payments; nil payments without approval.

¢ Cash forecasting accuracy: Variance of actual closing cash to thirteen week forecast. Target: Within agreed tolerance band.

¢ Controls and SOPs: SOPs current and controls tested; internal audit points closed on time. Target: 100% SOP coverage; closure of agreed points within committed dates.

¢ Ind AS and IPO readiness: Delivery of transition milestones and restated financial information. Target: Milestones delivered per programme plan.

¢ Team: KRA reviews completed; attrition and cross training coverage. Target: Quarterly reviews completed; every critical process has a trained backup.

7. Key Working Relationships

¢ Group CFO: Reporting line; approval of accounting positions, policies, MIS and audit matters; delegation for fundraising and valuation support

¢ Manager F&A; and F&A; team: Direct management, close calendar execution, KRA setting and review

¢ Division heads (IA Spaces, Accelerator, iAngels): Revenue and cost ownership, budgets, commercial contract review, hub level reporting

¢ HR: Payroll inputs, headcount budgets, ESOP administration, hiring for F&A;

¢ Technology team: Finance requirements for internal platforms, AR module, data flows to the accounting system

¢ Company Secretary and legal: Board and shareholder approvals, ROC filings, related party transactions, contracts

¢ Finvolve fund operations: Intercompany transactions, management fee accounting, consolidation inputs from investment manager LLPs

¢ Subsidiaries and associates: Books, compliance and consolidation inputs

¢ External: Statutory auditors, internal auditors, tax and GST advisors, bankers, merchant bankers and diligence teams, regulatory authorities

8. Candidate Profile

8.1 Qualifications and Experience

¢ Chartered Accountant (member of ICAI). An additional qualification such as CS, CMA or a diploma in IFRS or Ind AS is an advantage.

¢ 8+ years of post-qualification experience, of which at least two years in a Finance Controller, Financial Controller or Head of Accounts role with ownership of month end close, statutory audit and tax compliance.

¢ Experience in a multi entity, multi-location group with GST registrations in several states and intercompany transactions; prior exposure to managed workspace, real estate services, hospitality, financial services or asset management businesses is preferred.

¢ Hands on experience of consolidation under Indian Accounting Standards and of an Ind AS transition or IPO readiness exercise; experience of acquisition accounting and purchase price allocation is an advantage.

¢ Demonstrated experience of leading a finance team of eight or more, including setting KRAs, running a close calendar and building SOPs and controls from a developing base.

¢ Articleship or early career experience in a mid-sized or large audit firm is welcome.

8.2 Technical Knowledge

-Accounting Standards notified under the Companies Act, 2013 and Schedule III, with working knowledge of Ind AS and the differences that matter on transition (Ind AS 115, 116, 109, 103, 102 and 110).

-Goods and Services Tax law and procedure, including multi state registrations, cross charge, input credit rules, e invoicing and departmental proceedings.

-Income tax law applicable to companies, including TDS provisions, lower deduction certificates, tax audit, advance tax and assessment procedure under the Income tax Act, 2025 and the transitional provisions from the Income tax Act, 1961.

-Companies Act, 2013 provisions relevant to finance, including sections 185, 186 and 188, deposits rules, internal financial controls and financial statement approval and filing.

-FEMA provisions on overseas direct investment and foreign investment reporting as applicable to a group with an overseas subsidiary.

-Accounting and ERP systems (Tally Prime, Zoho Books, SAP Business One, Microsoft Dynamics or equivalent), advanced Excel, and familiarity with workflow and reconciliation automation tools.

8.3 Competencies

Ownership and rigour: treats the accuracy of the books and the close calendar as a personal commitment and does not accept unreconciled or undocumented balances.

Control mindset with commercial judgment: able to design controls that protect the company without slowing the business, and to explain accounting and tax consequences to non finance leaders in plain terms.

Structured communicator: produces clear written positions, memos and SOPs and presents MIS to the CFO, Board and investors with confidence.

People leadership: develops a young team, sets standards, gives direct feedback and builds backups for every critical process.

Capacity to operate in a fast growing, acquisitive environment with changing structures, multiple entities and tight external timelines.

Highest standards of integrity and confidentiality.

9. Expectations for the First Twelve Months

First 90 days

Complete handover of all ledgers and open items from the CFO and Manager F&A.;

Document the current state of reconciliations, compliance status and audit observations.

Take ownership of the Book Closure calendar and the compliance calendar.

Finalise the Team KRA matrix for every position.

Close the hiring of the Executive AP (Opex).

Days 91 to 180

Achieve two consecutive closes within the calendar with full balance sheet reconciliations.

Clear all legacy reconciliation differences in TDS and GST.

Complete and roll out SOPs for AR, AP, treasury and payroll.

¢ Lead the statutory audit for the financial year to sign off within the Board timetable.

¢ Establish the monthly MIS pack and the thirteen week cash forecast.

📌 Finance Controller (Gurugram)
🏢 IA India Accelerator
📍 Gurugram