About the role
- Radical customer centricity
- Ownership-driven culture
- Keeping everything simple
- Long-term thinking
- Complete transparency
Job Description
- Lead the month-end closure process, ensuring timely completion of books and effective coordination with Business Finance, Accounts Receivable (AR), and Accounts Payable (AP) teams.
- Prepare complete financial statements for the entity and present financial results to internal stakeholders with clarity and actionable insights.
- Review and ensure accurate calculation of Expected Credit Loss (ECL) provisions (Ind AS 109) in alignment with the entity’s underlying credit risk, in collaboration with the Risk team.
- Develop and prepare accounting entries for new or complex transactions, ensuring compliance with applicable accounting standards.
- Maintain strong working knowledge and application of Ind AS 109 (Financial Instruments) and Ind AS 115 (Revenue from Contracts with Customers), with a particular focus on ECL.
- Prepare and file all mandatory RBI returns on a monthly, quarterly, and annual basis.
- Act as a subject-matter expert on RBI guidelines for NBFCs, including Digital Lending Guidelines and Scale-Based Regulations (SBR), ensuring accurate interpretation and implementation.
- Collaborate closely with the Compliance team to ensure closure of all RBI compliance-related matters.
- Serve as the primary point of contact for Internal, Tax, and Statutory auditors, ensuring timely and successful audit completion.
- Work with the Secretarial team for quarterly Board Meetings, setting agendas and ensuring all statutory and regulatory resolutions are appropriately passed.
- Monitor and report all related-party transactions (RPTs), and update the omnibus approval list as new transactions arise.
- Participate in the preparation of the quarterly Board Deck for both the Audit Committee and the Board.
- Present liquidity risk and key business performance metrics to the ALCO (Asset Liability Committee).
- Partner with the Treasury team by providing necessary financial data for fund-raising activities and addressing lender queries and requirements.
Experties and Qualification
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Bachelor’s or Master’s degree in Finance, Accounting, Commerce, or related fields
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CA qualification is mandatory
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Minimum 3 years of experience in an NBFC (preferred)
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Strong knowledge of RBI regulations applicable to NBFCs
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Ability to work in fast-paced, cross-functional environments
Aplyr's read
Groww is revolutionizing retail investment in India with its intuitive platform, attracting tech-savvy professionals passionate about finance and innovation.
What's promising
- •User-friendly platform simplifies investment for retail investors.
- •Strong growth in India's burgeoning fintech sector.
- •Diverse role opportunities in content, growth, and research.
What to watch
- •Highly competitive fintech market with numerous players.
- •Regulatory changes in financial markets can impact operations.
- •Dependence on technology requires constant innovation and updates.
Why Groww
- •Focus on simplifying investment for first-time users.
- •Offers a comprehensive range of financial products on one platform.
- •Emphasizes educational content to empower investors.
Aplyr’s read is generated by AI from public sources. Was it useful?
About Groww
Groww is an Indian investment platform that allows users to invest in mutual funds, stocks, and other financial products through a user-friendly mobile app and website. The company aims to simplify the investment process for retail investors and has significantly impacted the way individuals manage their finances in India.
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