Finance Control & Governance Manager
Mumbai · Full time · Posted 14D AGO
Manager – Finance Controls & GovernanceRole PurposeTo strengthen the Finance control environment by ensuring adherence toapproved SOPs, monitoring financial and system controls, overseeingreconciliations, and driving timely resolution of exceptions. The role acts as thefirst line of defense within Finance to ensure financial processes are accurate,compliant, well-governed, and audit-ready.
Key Responsibilities1. Financial Controls & GovernanceEnsure adherence to approved Finance SOPs, policies, and internal controlframeworks.Monitor key financial processes and identify control gaps and improvementopportunities.Conduct periodic control reviews and ensure timely implementation ofcorrective actions.Drive process standardization, automation, and continuous improvementinitiatives.2. Reconciliations & Exception ManagementOversee critical reconciliations, including bank, GL, settlement, andsuspense accounts.Monitor ageing of unreconciled items and ensure timely closure ofexceptions.Investigate recurring reconciliation breaks and recommend preventivecontrols.Publish periodic dashboards on reconciliation status and control exceptions.3. SAP & Financial Systems ControlsMonitor SAP financial controls, master data governance, and accountingconfigurations.Review user access, Segregation of Duties (SoD), and maker-checkercontrols in coordination with IT.Monitor system interfaces, exception reports, manual journal entries,reversals, and suspense accounts.Participate in UAT for ERP enhancements and ensure financial controlsremain effective.
4. Audit, Compliance & RiskPerform periodic control testing and compliance reviews.Track closure of Internal Audit, Statutory Audit, and Regulatoryobservations.Support audits by providing control documentation, system evidence, andaudit trails.Escalate significant control breaches and operational risks to management.5. MIS & Stakeholder ManagementPrepare Finance Control MIS and management dashboards.Coordinate with Treasury, Operations, Compliance, Technology, and Productteams to resolve control issues.Promote automation and technology-driven controls to reduce manualinterventions.
Preferred Qualifications & ExperienceChartered Accountant (CA), CMA, or MBA (Finance).5–10 years of experience in Finance Controls, Internal Controls, Audit,Finance Operations, or ERP Governance.Experience in Financial Services, FinTech, Broking, or Banking preferred.Working knowledge of SAP FI/CO (ECC or S/4HANA), financial systems, andERP controls.
Key CompetenciesFinancial Controls & GovernanceReconciliations & Exception ManagementSAP/ERP ControlsInternal Controls & Risk ManagementProcess Improvement & AutomationAnalytical & Problem-Solving SkillsStakeholder ManagementStrong Communication & Attention to Detail
Success Measures (KPIs)100% adherence to Finance SOPs and control processes.Timely completion of critical reconciliations and reduction in ageing items.
Closure of audit observations and control deficiencies within agreedtimelines.Effective SAP access governance, SoD compliance, and system controlmonitoring.Reduction in manual processes through automation and enhanced systemcontrols.Accurate and timely Finance Control MIS with zero material control failures.
Key Responsibilities1. Financial Controls & GovernanceEnsure adherence to approved Finance SOPs, policies, and internal controlframeworks.Monitor key financial processes and identify control gaps and improvementopportunities.Conduct periodic control reviews and ensure timely implementation ofcorrective actions.Drive process standardization, automation, and continuous improvementinitiatives.2. Reconciliations & Exception ManagementOversee critical reconciliations, including bank, GL, settlement, andsuspense accounts.Monitor ageing of unreconciled items and ensure timely closure ofexceptions.Investigate recurring reconciliation breaks and recommend preventivecontrols.Publish periodic dashboards on reconciliation status and control exceptions.3. SAP & Financial Systems ControlsMonitor SAP financial controls, master data governance, and accountingconfigurations.Review user access, Segregation of Duties (SoD), and maker-checkercontrols in coordination with IT.Monitor system interfaces, exception reports, manual journal entries,reversals, and suspense accounts.Participate in UAT for ERP enhancements and ensure financial controlsremain effective.
4. Audit, Compliance & RiskPerform periodic control testing and compliance reviews.Track closure of Internal Audit, Statutory Audit, and Regulatoryobservations.Support audits by providing control documentation, system evidence, andaudit trails.Escalate significant control breaches and operational risks to management.5. MIS & Stakeholder ManagementPrepare Finance Control MIS and management dashboards.Coordinate with Treasury, Operations, Compliance, Technology, and Productteams to resolve control issues.Promote automation and technology-driven controls to reduce manualinterventions.
Preferred Qualifications & ExperienceChartered Accountant (CA), CMA, or MBA (Finance).5–10 years of experience in Finance Controls, Internal Controls, Audit,Finance Operations, or ERP Governance.Experience in Financial Services, FinTech, Broking, or Banking preferred.Working knowledge of SAP FI/CO (ECC or S/4HANA), financial systems, andERP controls.
Key CompetenciesFinancial Controls & GovernanceReconciliations & Exception ManagementSAP/ERP ControlsInternal Controls & Risk ManagementProcess Improvement & AutomationAnalytical & Problem-Solving SkillsStakeholder ManagementStrong Communication & Attention to Detail
Success Measures (KPIs)100% adherence to Finance SOPs and control processes.Timely completion of critical reconciliations and reduction in ageing items.
Closure of audit observations and control deficiencies within agreedtimelines.Effective SAP access governance, SoD compliance, and system controlmonitoring.Reduction in manual processes through automation and enhanced systemcontrols.Accurate and timely Finance Control MIS with zero material control failures.
