Legal & Finance Manager - NBFC/BFS (5-10 yrs)

Job Description

Title: Legal & Finance Manager

Experience: 5 to 10 years

Location: Mumbai & Surat

Role And Responsibilities :

- Responsible for managing legal, compliance, and financial processes during the setup of the NBFC and its initial operations

- NBFC Licensing & Regulatory Compliance: Working with the legal advisors to prepare and submit documentation, for obtaining NBFC licenses and ensure full regulatory compliance

- Financial Management: Manage initial finance, accounting, and reporting processes to support the smooth running of the NBFC during its early stages - Report to the Promoter directly

Key Activities & Role Responsibilities

Licensing & Documentation:

- Prepare and submit all necessary documentation for obtaining the NBFC license with the RBI, ensuring compliance with all legal and regulatory requirements

- Liaise with regulatory authorities and ensure that the licensing process progresses efficiently, addressing any queries or additional documentation requests from the RBI

Compliance & Legal Monitoring :

- Continuously monitor compliance and legal requirements during the NBFC setup phase, ensuring that all regulatory obligations are met

- Assist in drafting and maintaining internal policies and procedures to ensure compliance with RBI guidelines and other statutory requirements

- Work with external legal counsel to manage legal matters related to the NBFC's setup

Financial & Accounting Management:

- Set up and manage early-stage financial functions, including accounting systems, financial reporting, and tax compliance

- Oversee the preparation of financial statements, ensuring that accounting processes adhere to regulatory standards and internal controls

Experience & Skillsets

Industry Experience:

- 5+ years of experience in a finance or legal/compliance role within the financial services industry, preferably with experience in NBFCs or banking

- Prior experience with NBFC licensing or working with RBI regulations is highly preferred Skills.

Abilities & Know-how

Regulatory Knowledge :

- Strong understanding of RBI regulations for NBFCs, including experience in preparing documentation for NBFC licenses

- Familiarity with statutory requirements related to compliance, legal, and financial reporting for NBFCs

Legal, Compliance & Finance Expertise :

- Ability to draft and review contracts, policies, and legal documents to ensure compliance with regulations

- Expertise in monitoring and ensuring adherence to legal and compliance requirements, particularly during the startup phase of a financial services business

- Proficiency in financial reporting, preparing financial statements, and handling tax compliance.

Project Management:

- Ability to work under deadlines and handle complex documentation processes

- Strong management skills to handle multiple regulatory, legal, and financial tasks simultaneously.