Deputy Vice President - Finance

Join us in creating a future where dreams are realised!

At TVS Credit Services Ltd ., we are on the lookout for passionate individuals who are ready to turn aspirations into achievements. If you're ready to embark on a fulfilling journey, where you can embrace creativity and innovation to empower people, this is the place for you.

Let's build a future together where your talents find their full expression!

Job Purpose:

This role is responsible for financial reporting, taxation, compliances establishing and applying accounting policies to be followed in preparing financial statements of the Company and ensure application of controls for accurate and timely reporting of financials. Also, responsible for developing, executing and supporting company's business strategy by implementing best accounting and financial practices.

Key Responsibilities:

a) Month-End Closure:

• Lead the month-end financial closing process, ensuring accuracy, completeness, and timeliness of financial data
• Review and analyze financial statements to identify variances and trends, providing insights to senior management
• Directing the daily activities of the GL team to ensure adherence to IT protocols, continuous process enhancements, and SOP compliance in line with evolving Reserve Bank of India (RBI) directives.

b) Financial Statement Auditing & Limited review reporting:

• Manage the annual financial statement auditing process, liaising with external auditors to facilitate a smooth and efficient audit.
• Ensure compliance with auditing standards and regulatory requirements throughout the auditing process.
• Ensuring timely completion and accuracy of SEBI filings, financial statements within the Annual Report, and the Directors Report, along with verifying that all required disclosures are properly in place.
• Oversee the preparation of quarterly and half-yearly limited review reports, ensuring compliance with applicable accounting standards and regulatory guidelines.
• Review financial data and disclosures to ensure accuracy and completeness before submission to regulatory authorities and stakeholders.

c) Statutory Audit:

• Oversee the preparation of quarterly, half-yearly annual year end audits and limited review reports, ensuring compliance with applicable accounting standards and regulatory guidelines.
• Review financial data and disclosures to ensure accuracy and completeness before submission to regulatory authorities and stakeholders.

d) Internal Audit:

• Managing and guaranteeing the seamless conclusion of internal audits, specifically focused on finance-related areas.
• Supporting the efficient execution of internal audits within the finance function by serving as the lead or single point of contact (SPOC), ensuring timely resolution of audit findings.

e) Regulatory Filing:

• Ensure accurate and timely filing of regulatory reports and returns with relevant authorities, including the RBI and other regulatory bodies.
• Stay updated on changes in regulatory requirements and ensure ongoing compliance with reporting obligations
• Ensuring timely completion of monthly and quarterly RBI filings, and collaborating with the Compliance team to manage annual RBI inspections, aiming for satisfactory audit outcomes

f) Direct & Indirect Taxation:

• Supervising the entire process, which includes timely filings, managing assessments, and ensuring the implementation of risk mitigation strategies.
• Maintaining compliance standards consistently.

g) Projects, Change Management and Continuous Improvements:

• Implementing changes in accounting, regulatory, and statutory requirements, as well as updates to systems for new product launches, and obtaining necessary approvals.
• Overseeing system development testing, providing accounting entries for SAP interface, validating entry interfaces, and related tasks.
• Facilitating smooth transitions for new portfolios and managing process changes for existing ones to ensure operational efficiency

Job Requirements:

• Chartered Accountant (CA)
• 15+ years of experience in corporate finance and accounting, with a focus on the NBFC sector
• Strong technical knowledge of accounting principles, auditing standards, and taxation laws
• Experience managing month-end financial processes, auditing, internal controls and regulatory compliance.
• Strong leadership and team management abilities, with a track record of driving results and fostering a culture of excellence.
• Analytical mindset with attention to detail and the ability to solve complex problems effectively
• Ability to work under pressure and manage multiple priorities in a fast-paced environment
• Knowledge in innovative Finance Structuring and Fund Mechanisms
• Excellent communication and interpersonal skills, with the ability to interact effectively with internal and external stakeholders.
• Rigor in Execution
• People Leadership
• Interpersonal skills