Associate Director - Finance

Razorpay was founded by Shashank Kumar and Harshil Mathur in 2014. Razorpay is building a new-age digital banking hub (Neobank) for businesses in India with the mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. What started as a B2B payments company is processing billions of dollars of payments for lakhs of businesses across India. 

Location: Bengaluru (On-site)

Reporting to: Head of Core Finance (POS, Engage & International Business)

Role Overview:

As an Associate Director - Finance, you will drive financial excellence by managing revenue controllership, automating financial processes, and fostering strong stakeholder relationships. This is a team leadership role, where you will manage a high-performing team of 6-7 finance professionals, including 2-3 Chartered Accountants, ensuring alignment with business goals for POS, Engage, and International verticals.

Key Responsibilities:

I. Stakeholder Management:

• Partner with business leaders to align financial strategies with operational objectives. Assist in business decision making.
• Act as a trusted advisor, providing insights through robust financial analysis and reporting.
• Proactively engage with cross-functional teams to ensure seamless execution of financial plans.

II. Revenue Controllership:

• Oversee revenue recognition processes, ensuring compliance with accounting standards (GAAP) and organizational policies.
• Monitor and strengthen internal controls to mitigate risks and enhance financial accuracy.
• Lead periodic reviews of financial performance and recommend improvement strategies.
• Nodal and escrow related processes and accounting
• Assist with process implementations, preparation, and adherence to key control activities.
• Help in building a strong cost assurance function - analysis on direct costs and ascertain possible avenues for optimization of costs and work closely with the banking teams in driving negotiations for cost reduction

III. Process Automation:

• Drive innovation by identifying and implementing automation tools to streamline revenue processes.
• Enhance efficiency and accuracy in financial reporting through technology-driven solutions.

IV. Team Leadership:

• Manage, mentor, and develop a team of 6-7 finance professionals, including Chartered Accountants.
• Foster a collaborative and performance-driven culture within the team.
• Set clear goals, provide regular feedback, and ensure continuous professional development.

Mandatory Qualifications:

• Educational Background: Chartered Accountant (CA) with at least 10 years of relevant work experience.
• Industry Knowledge: In-depth understanding of the digital payments business (online and offline channels).
• Technical Expertise: Strong knowledge of GAAP and financial reporting standards.
• Business Acumen: Prior experience in business-facing roles with demonstrated ability to influence and collaborate with senior stakeholders.
• Leadership: Proven ability to manage and lead high-performing teams.

Preferred Skills:

• Experience in a fintech or high-growth technology environment.
• Proficiency in financial automation tools and ERP systems like SAP.