The posting
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
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.
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.
