7+ Financial risk management Jobs in India
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Key Responsibilities:
- Prepare and update monthly, quarterly, and yearly financial reports
- Including plant-wise costing, inventory reports, and Manufacturing Plant Profit & Loss
- Analyze financial data and suggest improvements
- Assist in budgeting and monitoring expenses
- Maintain accurate and up-to-date financial records
- Work with plant and internal teams to collect and manage financial information
- Identify financial risks or issues and share with management
- Support audits and ensure financial compliance
- Present financial reports and suggestions to management
Manufacturing-Specific Duties:
- Provide timely data on product cost and inventory for each plant
- Coordinate with plant teams for reporting and decision-making needs
- Maintain a strong cost accounting system and suggest cost-saving measures
- Reconcile inventory data, including weight/process loss entries
- Handle finance-related tasks for new plant setups, including agreement reviews
- Review work of manufacturing accounts team and help resolve their queries
What We’re Looking For:
- Strong knowledge of finance, accounting, and manufacturing operations
- Good in Excel and financial systems
- Detail-oriented with problem-solving skills
- Team player with clear communication
- Manufacturing experience is mandatory
- Independent, reliable, and committed
About Rentkar:
Rentkar is a dynamic startup with a mission to revolutionize the rental market by providing access to trending products without the need for ownership. We aim to create a sustainable sharing economy where customers can rent rather than purchase products, reducing overconsumption and promoting an eco-friendly lifestyle.
Rentkar is seeking a talented Finance Lead who will be responsible for managing the company's financial operations, including payments, billing, and GST compliance.
Location: Andheri East, Mumbai
Experience: 1 to 3 years
Key Responsibilities:
1. Financial Management:
- Oversee all financial operations, including accounts payable, accounts receivable, and cash flow management.
- Manage daily payments and billing processes, ensuring timely and accurate transactions.
- Reconcile accounts and prepare monthly financial reports for the leadership team.
- Ensure financial transactions are properly recorded and filed in the accounting system.
2. GST and Tax Compliance:
- Ensure the company complies with all statutory and tax obligations, including GST filings, TDS, and income tax returns.
- Stay updated on the latest changes in tax laws and ensure Rentkar's financial practices are compliant with regulations.
- Coordinate with external auditors and tax advisors to ensure timely completion of audits and tax filings.
3. Budgeting and Forecasting:
- Develop and maintain the company’s budget, ensuring alignment with Rentkar’s growth strategies and financial goals.
- Work closely with department heads to create accurate forecasts for revenue, expenses, and cash flow.
- Provide monthly, quarterly, and annual financial reports to the leadership team, highlighting key insights and areas for improvement.
4. Banking and Loan Management:
- Establish and manage relationships with banks and financial institutions.
- Oversee the company’s loan disbursement process and manage all aspects of credit setups and bank financing.
- Monitor interest rates, loan terms, and repayment schedules to ensure favorable terms for the company.
5. Financial Systems and Processes:
- Implement and maintain financial software such as Zoho Books to streamline financial operations and improve efficiency.
- Ensure all financial processes are well-documented and consistently followed across the organization.
- Continuously assess and improve financial systems to ensure they meet the company’s growing needs.
6. Internal Controls and Risk Management:
- Develop and maintain internal control processes to mitigate financial risks and ensure the accuracy and reliability of financial information.
- Conduct regular risk assessments to identify potential financial risks and recommend mitigation strategies.
7. Cost Management and Optimization:
- Identify cost-saving opportunities across different departments, including procurement, operations, and marketing.
- Negotiate contracts with vendors and suppliers to ensure the best financial terms for Rentkar.
- Monitor and manage operational expenses, ensuring adherence to the company’s budget.
8. Collaboration with Leadership:
- Work closely with the CEO, COO, and other members of the leadership team to provide financial insights that inform strategic decisions.
- Participate in board meetings and present financial reports, forecasts, and performance metrics.
- Provide recommendations on financial strategies, including capital allocation, investment opportunities, and cost-cutting measures.
Day-to-Day Activities:
- Review and approve all outgoing payments, ensuring accuracy and adherence to company policies.
- Monitor cash flow and ensure there are sufficient funds available to meet day-to-day operational needs.
- Prepare and file GST returns, ensuring compliance with all regulatory deadlines.
- Conduct financial analysis and provide insights to department heads regarding their budget utilization.
- Bonus: Candidates who read this job description can quote this line and get preference - Just write bonus
- Reconcile bank accounts and ensure that all financial records are up to date.
- Manage relationships with vendors and suppliers, ensuring timely payments and favorable terms.
- Work with the HR department to process payroll and ensure all employee payments are made accurately and on time.
- Prepare monthly financial reports and present them to the leadership team.
Qualifications:
- Bachelor's degree in Finance, Accounting, or related field.
- 1-3 years of experience in financial management, preferably in a startup or fast-growing company.
- Strong understanding of GST, TDS, and other statutory requirements.
- Proficiency in financial software such as Zoho Books or QuickBooks.
- Excellent analytical skills with the ability to interpret financial data and provide actionable insights.
- Strong communication and interpersonal skills, with the ability to collaborate effectively across teams.
- High level of integrity and professionalism, with a commitment to maintaining the confidentiality of financial information.
Roles and Responsibilities
Financial Controller
1. Leadership and Strategic Planning: Collaborating with senior leadership on
strategic initiatives and providing financial insights
2. Budgeting and Forecasting: Leading the budgeting and forecasting process to
provide accurate financial projections.
3. Cost Control: Implementing/ identify measures to control costs and improve
profitability
4. Team Management: Leading and developing a team to ensure effective
performance and goals achievement
5. Risk Management: Identifying financial risks and implementing strategies to
mitigate them.
6. Hands on experience of fundraising from Institutional Investors and closely
monitor the due diligence process for fundraising.
7. Liaising with financial institutions, regulatory authorities, and other agencies
8. Dealing with Investment Bankers, NBFC, Rating Agencies and Govt authorities
9. Raising long term Debt and short-term funding
10. Interacting with Strategic investor, Private Equity, FIs and NBFCs
Chief Compliance Officer
11. Ensuring compliance with secretarial related matters under Companies Act 2013.
12. Liaison with Stock Exchanges, SEBI and other regulatory authorities and look
after yearly/half yearly returns, audit reports, SEBI enhanced supervision data
and other periodic compliances.
13. Handling of periodic and event-based compliances of Stock Broking, DP, Merchant
Banking, PMS and Market Making. Ensuring timely & accurate regulatory
submission to exchanges, Depositories, various PMS submission etc.
14. Review and defining processes for implementation of various circulars issued by
Exchanges, Depositories, SEBI etc.
15. Query handling in relation to regulatory area of SEBI, Exchanges & Depositories.
16. Handling regulatory & exchange inspections, if any.
17. Assist the Senior Management in overseeing the implementation of the
Compliance Policy, internal codes of conduct, prescriptions in compliance
manuals, etc.
18. Drafting of Annual Report sections relating to secretarial and legal compliances
under Companies Act.
Company Description
Apollo Finvest is a publicly listed Non-Banking Financial Company (NBFC). Think of us as AWS for Lending. We enable any company to offer fully digital and compliant digital loan products to their end customers. Built on modern Restful APIs, we treat the financial services on our platform as building blocks, which our partners can mix and match to create loan products specifically tailored to their business model.
Key Responsibilities
- Working closely with the Credit, Business, and Compliance team to manage and mitigate risk exposure.
- Monitoring of loan accounts, checking loan documents & timely preparing various MIS reports.
- Streamline operational processes to enhance efficiency.
- Ensure completeness of documentation in accordance with approved terms and conditions.
- Develop Risk and Operational strategy for line management, collections, underwriting, pricing etc.
- Assist COO and Credit team with operational and financial data analysis to establish early warning signals for risk exposure across lending products.
- Complying with RBI/Regulatory guidelines and establishing processes to safeguard risk exposure
Minimum Requirements
- Proven experience of minimum 5 years in progressively responsible risk and/or operations roles within the NBFC sector
- Has experience with scaling and managing lending products
- Attitude to work at lightning fast speed
- Background of underwriting, credit sanctioning, or credit policy drafting would be given a strong preference
- The candidate must be exceptional in people management, communication, and presentation skills.
- A proven track record of managing partners and engaging in solution selling would be preferred
- Highly organized and efficient, with the ability to multitask and meet tight deadlines
A strong work ethic and a result-oriented approach
*The CTC range exceeds to what is shown in the job description*
- Credit policy formulation, amendment and clarifications to front end team for secured Loans.
- Regular Portfolio monitoring and bringing up the recommendations based on insights for necessary changes.
- Robust knowledge of end-to-end process and LOS is must. Experience in digitization and automation of credit and allied processes.
- To manage the MIS function such that quality of portfolio is ensured.
- Rationalizing and simplifying processes and policies, in line with business requirements.
- Credit Administration of credit processes, create hind sighting strategy supervises the outcomes.
Competencies -
- Have strong business understanding of the retail lending business in India and understanding of the regulatory landscape
- Strong experience in establishing and managing high-performing teams with a collaborative leadership approach.
- Outstanding communication skills, both verbal and written
What you need to do:
- Responsible for driving strategic decision making and also manage day to day financial operations of the company.
- Responsible for coordinating with various functions of the company and compiling all financial data and preparing final financial reports and measuring the performance.
- Preparing and presenting monthly financial budgeting reports including monthly profit and loss, forecast vs. budget for reconciliation.
- Preparing reports, software implementation and tools for accounting and financial transactions and reporting.
- Preparing Financial Projections and responsible for monthly performance reviews
- Analyzing past results, perform variance analysis, identify trends, and make recommendations for improvements and minimize financial risk to the company.
- Responsible for Operation Management, financial controls and costing management.
- Evaluating financial performance on monthly basis by comparing and analyzing actual results with plans and forecasts.
What you need to have:
- CA inter or ICWA.
- Strong fluency with Excel formulas and functions
- Proficiency in financial modeling techniques
- Strong analytical and data gathering skills
- Strong quantitative and analytical competency
- Positive and highly motivated and driven
- Willingness to work in a fast paced / dynamic environment
- Excellent communication skills
- Understanding customer requirements and analyzing cases in alignment with policies
- Working with the policy team to ensure the right risk parameters are captured and assessed
- Understanding industry and regulatory trends and their impact on customers to ensure the right decisions are taken
- Working closely with business functions to onboard the right set of customers.
- Working closely with operations to ensure that documentation and checks are put in place at various stages of the application lifecycle
- Developing industry-best practices and constantly striving to improve the same, basis market practices
What you need to have:
- Bachelor’s Degree with relevant work experience of at least 3 years with CA/ MBA(preferred)
- 3-4 years of experience in handling credit risk assessment for unsecured business loans. Prior experience in the Lending domain, either with a Bank/ NBFC or a lending platform.
- Very good understanding of documentation related to lending pre-disbursement (mandatory)
- Experience in working on the lending business with a Bank, NBFC, or a platform (mandatory)
- Excellent understanding of industry trends and their impact on segments
- Setup basic credit underwriting processes and scale up the vertical
- Ability to assess customers' basic standard programs like Financials, Banking, etc.
- Proficient in MS Excel and the ability to bring out insights from data
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