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Posted 2h ago•Mumbai, Maharashtra

Finance Control & Governance Manager

MiddleOn-site (Mumbai)Salary undisclosed
Job Description
Manager – Finance Controls & Governance Role Purpose To strengthen the Finance control environment by ensuring adherence to approved SOPs, monitoring financial and system controls, overseeing reconciliations, and driving timely resolution of exceptions. The role acts as the first line of defense within Finance to ensure financial processes are accurate, compliant, well-governed, and audit-ready. Key Responsibilities 1. Financial Controls & Governance Ensure adherence to approved Finance SOPs, policies, and internal control frameworks. Monitor key financial processes and identify control gaps and improvement opportunities. Conduct periodic control reviews and ensure timely implementation of corrective actions. Drive process standardization, automation, and continuous improvement initiatives. 2. Reconciliations & Exception Management Oversee critical reconciliations, including bank, GL, settlement, and suspense accounts. Monitor ageing of unreconciled items and ensure timely closure of exceptions. Investigate recurring reconciliation breaks and recommend preventive controls. Publish periodic dashboards on reconciliation status and control exceptions. 3. SAP & Financial Systems Controls Monitor SAP financial controls, master data governance, and accounting configurations. Review user access, Segregation of Duties (SoD), and maker-checker controls 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 controls remain effective. 4. Audit, Compliance & Risk Perform periodic control testing and compliance reviews. Track closure of Internal Audit, Statutory Audit, and Regulatory observations. Support audits by providing control documentation, system evidence, and audit trails. Escalate significant control breaches and operational risks to management. 5. MIS & Stakeholder Management Prepare Finance Control MIS and management dashboards. Coordinate with Treasury, Operations, Compliance, Technology, and Product teams to resolve control issues. Promote automation and technology-driven controls to reduce manual interventions. Preferred Qualifications & Experience Chartered 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, and ERP controls. Key Competencies Financial Controls & Governance Reconciliations & Exception Management SAP/ERP Controls Internal Controls & Risk Management Process Improvement & Automation Analytical & Problem-Solving Skills Stakeholder Management Strong 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 agreed timelines. Effective SAP access governance, SoD compliance, and system control monitoring. Reduction in manual processes through automation and enhanced system controls. Accurate and timely Finance Control MIS with zero material control failures.

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