Finance Controller
Job Summary
Job Description
As a Finance Controller at Paytm, you will be responsible for improving the company's financial status by analyzing results, monitoring variances, identifying trends, and recommending actions to relevant teams. You will review standalone and consolidated financial statements under IFRS and IND-AS, handle monthly MIS and internal/statutory audits, and manage all finance & tax matters for subsidiaries. You will also closely track all business & cost flows in coordination with the business team, provide alerts to management on potential challenges, and deal with inter-departmental teams to handle their finance & tax related queries. This role involves coordination with multiple teams and layers for potential transactions, optimization and balancing of payouts, dealing with new challenges for finance & tax matters related to international entities, providing financial advice, and troubleshooting issues in financial transactions. You will also implement initiatives for process improvement, cost reduction, and foreign currency repatriation, and control related party transactions including approval and arm's length pricing.
Must have:
- Qualified Chartered Accountant
- 8+ years of experience
- Thorough knowledge of Ind AS
- Excellent communication skills
- Advanced Excel skills
- Experience with financial systems like SAP
3 skills required
Job Details
About Us:
Paytm is India’s leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Net banking, Paytm FASTag and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks’ financial instruments. To further enhance merchants’ business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners.
About Team :
Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to concern teams
About the role:
Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to concern teams.
Expectations/ Requirements:
1. Review of standalone and consolidated financial statements under IFRS and IND-AS
2. Monthly MIS and handling internal/ stat Audit.
3. Handling All Finance & Tax related matters of subsidiaries
4. Closely tracking all Business & Cost flow in close coordination with Business team
5. Providing alerts to management on any potential challenges in any, business arrangement on Pro -Active basis
6. Dealing with all Inter departments teams and handling their Finance & Tax related queries with best solution
7. Coordination with multiple teams and layers for any potential transaction
8. Optimization and balancing the payouts as per business request and priority basis
9. Dealing with new challenges for Finance & Tax matter related to International entities
10. Provide financial advice by studying operational issues; applying financial principles and practices; developing recommendations
11 Respond to financial inquiries by gathering, analyzing, summarizing, and interpreting data.
12. Play vital role for Troubleshooting of the issues and challenges raised in any all financial transactions
13. Implementing initiatives for process improvement, cost reduction and foreign currency repatriation
14. Controlling Related Party transactions including approval, Arm Length etc.
Superpowers/ Skills that will help you succeed in this role:
1. Qualified as Chartered Accountant with 8+ years of progressive experience
2. Thorough knowledge of Ind AS
3. Excellent verbal and written communication abilities across all level of an organization
4. Cohesively work with a lot of people, across functions and teams every day
5. Advanced Microsoft Excel skills and experience with other financial systems such as SAP.
Education:
CA
Why join us :
1. A collaborative output driven program that brings cohesiveness across businesses through technology
2. Improve the average revenue per use by increasing the cross-sell opportunities
3. A solid 360 feedbacks from your peer teams on your support of their goal4. Respect, that is earned, not demanded from your peers and manager
Compensation:
If you are the right fit, we believe in creating wealth for you With enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants – and we are committed to it. India’s largest digital lending story is brewing here. It’s your opportunity to be a part of the story!
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