Strong fit for controllership professionals who take full ownership of financial processes and have experience with Ind AS transitions, who are based in Bengaluru and operate in a high-seniority, execution-heavy environment.
Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from Fampay via Lever
About Fam
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.
Role Overview
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.
Must-Haves
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.
Good to Haves
Experience in a start-up, high-growth or restructuring environment where controllership is built and scaled
rather than inherited
Exposure to IFC / IFCR implementation and to an RBI-regulated or otherwise regulated set-up.
Exposure to treasury / cash-flow management and to ROC / Companies Act and secretarial compliance.
Roles & Responsibilities
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Why Join Us
Work in a fast-paced, high-growth environment with high ownership and responsibility.
Competitive compensation and accelerated career growth for ambitious finance talent.
Source: Fampay careers (Lever)