The posting
Head of Financial Control Location: Mumbai
- Are you curious, excited by experimentation and always looking to innovate?
- Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience?
- Do you want to have the opportunity to play an important role in a rapidly growing and exciting Fintech business?
If so, we would love to connect and collaborate!
Who We Are
Modulr is the payments automation platform that streamlines money movement with accuracy, control and reliability — built to scale. We process more than 200m transactions and over £180bn in payment value on an annualised basis, and we’re trusted by over 6,000 businesses from fast-growing SMEs to global enterprises.
We automate how money moves into and out of a business — payroll, supplier payments, spend management and payment collection — through a single platform, connected to the accounting and payroll systems finance teams already use and underpinned by principal memberships of Visa and Mastercard and direct access to central bank infrastructure.
As a regulated payments provider with over a decade of experience, we’re the platform finance teams trust to run mission-critical operations. Modulr is backed by PayPal, FIS, General Atlantic, Blenheim Chalcot, Frog Capital and Highland Europe, with over 400 employees across London, Edinburgh, Amsterdam, Mumbai and Pune.
Purpose of the Role
Reporting into the Director of Financial Control, you will own the group's financial close, audit and control framework, and lead a growing Financial Control team (largely based in India). You will be the senior technical escalation point across Financial Control and a key interface with auditors, boards and the wider Finance function.
Key Responsibility
Financial control & month-end leadership
- Lead and coordinate monthly, quarterly and annual close across multiple legal entities – owning close governance, timetables and reporting deadlines.
- Review and approve journals, accruals and prepayments; oversee balance sheet governance, intercompany accounting, P&L analysis and trial balance review.
- Own revenue accounting review and Q2C platform contract reconciliation, and resolve complex accounting issues, escalating reporting risks and delays.
- Review management reporting outputs and maintain audit-ready reporting standards year-round, coordinating with FP&A, PayOps, Product and wider Finance teams.
Balance sheet governance & reconciliation control
- Act as subject-matter expert for reconciliation quality and balance sheet substantiation, owning reconciliation standards and control account reviews.
- Review and challenge balance sheet reconciliations, investigate aged reconciling items and resolve historic balance sheet issues through root-cause analysis.
- Design and embed reconciliation governance and audit-ready frameworks across all entities, coaching the team on methodology; act as primary escalation point for reconciliation and accounting-judgement issues.
Audit management & external auditor coordination
- Lead and coordinate external audit across group entities – audit planning, readiness assessments and management of audit trackers and requests.
- Prepare and review audit evidence, resolve audit queries and support management representations; liaise with Deloitte, KPMG and other advisors.
- Review statutory accounts, drive internal control remediation, follow up audit findings and manage audit timelines across group and local entity audits.
Statutory, board & regulatory reporting
- Prepare, review and coordinate board, Audit & Risk Committee and Financial Risk Committee reporting, including management accounts and supporting schedules.
- Support statutory financial statements, regulatory and prudential reporting inputs, and governance reporting with entity performance analysis and narrative commentary.
- Report to banking partners, boards and senior management.
Tax & regulatory compliance
- Oversee and support domestic and international tax compliance – India, UK and Netherlands VAT, VAT registrations/deregistrations and VAT recovery analysis.
- Support transfer pricing (including the India entity engagement) and corporation tax; manage HMRC correspondence and regulatory information requests.
- Review tax calculations, approve tax payments and monitor cross-border compliance obligations across jurisdictions, liaising with tax advisers.
International entity oversight
- Support financial control across all UK entities, Modulr Finance BV, European branches and India operations (including payroll funding and transfer pricing).
- Provide consolidation support, intercompany accounting, cross-border reporting and global audit coordination, with local statutory compliance and stakeholder management.
- Support US entity setup and provide financial control support for the group's US market entry – including opening balance sheet, local statutory, tax and reporting requirements, and integration into group close and controls.
- Act as senior finance support for India and European reporting activities.
Team leadership & capability development
- Lead, coach and technically support the Financial Control team – managing performance, development planning and quality review of team outputs.
- Support recruitment, interviewing and hiring; deliver technical accounting training, month-end support and escalation cover.
- Build audit-ready standards, knowledge transfer and succession planning, operating as the senior technical escalation point across Financial Control.
Projects, systems & transformation
- Support NetSuite finance enhancements (H2 FY26) and finance AI adoption initiatives.
- Lead FX revenue recognition, month-end redesign, automation, process standardisation and finance operating model development.
Banking, treasury & authorizations
- Provide oversight and approval across banking and treasury – banking and tax payment approvals, and review of banking and treasury-related reconciliations and reporting.
- Oversee cash position, support funding and liquidity, contribute to treasury governance and support regulatory capital reporting.
Key deliverables
- Monthly management accounts and month-end close completion; audit-ready balance sheet reconciliations.
- Board reporting packs, audit deliverables, statutory reporting support and regulatory submissions (including VAT returns and transfer pricing).
- Team development plans, financial governance reporting, process improvement and transformation deliverables, especially around AI capabilities.
Person Specification
Essential
- AI mindset (essential) – you actively use AI tools to work smarter and are keen to apply them to automate and enhance finance processes.
- ACA (or equivalent) qualified, with significant post-qualified experience (+10 years) leading financial control in a complex, multi-entity group.
- A background in payments, fintech, issuing/acquiring or SaaS within a fast-growth environment (strongly preferred). Strong technical accounting, month-end close and audit management experience, with a track record of building audit-ready controls and reconciliation standards.
- Strong attention to detail, extreme ownership and a fast learner – able to lead and develop a team (largely based in India) and act as a credible escalation point for auditors and senior stakeholders.
Desirable
- Experience with NetSuite and finance systems transformation or automation projects.
- Exposure to international tax, VAT and transfer pricing across multiple jurisdictions.
- Experience managing offshore or internationally distributed finance teams.
What We Offer You
- Share Options – We offer a Company Share Option Plan (CSOP), giving you the opportunity to benefit from any increase in share value in the event of a sale, merger, or flotation.
- Bonus – Our annual discretionary bonus, paid in May for the previous year, is based on both company and individual performance.
- Insurance Coverage – Comprehensive medical, life, and accident insurance provided to support you and your family's wellbeing.
- Holidays & Leave – A generous annual leave allowance, your birthday off, and menstrual leave for female employees, with the flexibility to choose days to suit your personal schedule.
- Learning & Development – Our onboarding programme, ModStart, equips you for success. Learning doesn't stop there; we'll continue to support your development through various channels and opportunities.
- Mental Health, Wellbeing & Inclusion – Access to accredited therapists, coaches, counsellors, management training, and mindfulness sessions with company-funded hours and flexible top-up options.
- Company-Wide Events – Participate in collaborative and engaging events with colleagues across the business.
ModInclusion
At Modulr, we’re committed to building a diverse, equitable and inclusive culture where everyone feels they belong and can bring their whole self to work. We welcome applications from candidates of all backgrounds as we believe it’s the right thing for our people, our business, and the community we operate in.
