Senior Manager (Controllership)

 

Fam (previously FamPay) is India's first payments app for everyone above 11. FamApp helps make online and offline payments through UPI and FamCard. We are on a mission to raise a new, financially aware generation, and drive 250 million+ youngest users in India to kickstart their financial journey early in their lives. Founded in 2019 by IIT Roorkee alumni, Fam is backed by investors like Elevation Capital, Y-Combinator, Peak XV (Sequoia Capital) India, Venture Highway, Global Founder's Capital, and angels including Kunal Shah and Amrish Rao.

 

 

We are looking for a hands-on Chartered Accountant to own core controllership execution end-to-end – statutory
audits, financial reporting and the upcoming transition to Ind AS, month-end close, investor and MIS reporting,
taxation and compliance, treasury, and internal financial controls. This is an execution-heavy individual-
contributor role for someone who takes full ownership of deliverables, keeps every number backed by
documented inputs, and anticipates audit and governance issues before they surface.

 

• Chartered Accountant with 5–6 years of post-qualification experience in controllership, audit or financial
  reporting.
  
• Demonstrated experience handling statutory audits with Big 4 or comparable audit firms (either from within
  industry or from practice at a Big 4 / mid-tier firm).
  
• Strong Ind AS proficiency, with practical application to standalone and consolidated financials; exposure to a first-time Ind AS transition rom Indian GAAP is a strong advantage.
  
• Hands-on experience handling investor relations and MIS reporting
  
• Experience managing direct and indirect tax risk (RPT, MAT, transfer pricing, GST) and coordinating filings and
  statutory / ROC compliance with external experts.
  
• Strong command of Excel / Google Sheets and comfort building linked, self-updating trackers and models;
  exposure to Zoho Books ERP.
  
• Sharp eye for detail with the discipline to keep every number backed by a documented input.

 1. Statutory Audit & Assurance
    • Independently handle statutory audits with Big 4 or comparable audit firms end-to-end – planning, preparing
       schedules and reconciliations, resolving queries, and driving timely, clean closure with no major escalations.
    • Serve as the primary finance point of contact for auditors; pre-empt audit and governance matters that have a
       direct bearing on the financials and ensure the team is audit-ready at all times.
    • Coordinate tax, GST and other statutory audits alongside the respective experts and consultants.

2. Financial Reporting & Ind AS Transition
    • Prepare standalone and consolidated financial statements, including multi-period and multi-entity
       consolidations. The company currently reports under Indian GAAP (notified Accounting Standards).
    • Lead the transition from Accounting Standards (Indian GAAP) to Ind AS – first-time adoption under Ind AS,
       GAAP-to-Ind AS difference analysis, restatement of comparatives, and assessment of the impact on financials
       and disclosures.
    • Apply Ind AS to complex areas – revenue recognition, ESOP accounting, financial instruments, leases, expected
       credit loss and related-party disclosures.
    • Track changes in accounting standards and assess their impact on the company's financials.

3. Month-End Close & Books
    • Own a timely and accurate monthly close; support the transition of accounting in-house for real-time closure
       after each month-end.
    • Prepare and review key reconciliations, accruals and provisions; ensure every projection and output has a
       documented, saved input with nothing left ad-hoc.

4. Investor Relations & MIS Reporting
    • Handle investor reporting and MIS – prepare periodic investor decks, board and management MIS, and
       performance dashboards accurately and on schedule.
    • Respond to ad-hoc investor, board and regulatory (e.g. RBI / CoC) requirements – consolidated and standalone
       financials, projections and write-ups – within tight turnaround times.

5. Taxation & Statutory Compliance
    • Manage direct and indirect tax risk end-to-end – related-party transaction (RPT) amendments, MAT exposure,
       transfer-pricing documentation and GST structuring – owning the underlying analysis and outcomes while
       working with external experts on execution.
   • Oversee timely, accurate direct and indirect tax filings (income tax, TDS, GST) and coordinate tax and GST audits
      and assessments.
   • Coordinate statutory, ROC / Companies Act and secretarial compliances with the company secretary and
      consultants; track related-party and regulatory documentation requirements.

6. Treasury & Cash Flow
   • Support treasury and cash-flow management – fund-flow planning, working-capital tracking and banking
      relationships – and maintain accurate visibility of escrow and restricted balances.

7. Internal Controls, Policy & Process
   • Support the design, roll-out and testing of Internal Financial Controls (IFC / IFCR) and build a structured, audit-
      ready control environment.
   • Establish and maintain the accounting policy framework, SOPs and delegation-of-authority matrix; keep robust
      documentation and process notes to strengthen governance and reduce audit and litigation risk.
   • Drive ERP / accounting-system improvements and automation with appropriate system controls to enable
      faster, more reliable reporting.

8. Planning & Budgeting
  • Maintain a working knowledge of the Annual Operating Plan (AOP) and budgeting cycle; partner with cross
     functional teams on projections and budget-versus-actual variance analysis, with well-documented
     assumptions.