Job Title: Fractional CFO / Senior NBFC Finance Expert

Location: Remote / India-based (Flexible)

Experience: 15-20 Years

Position Overview

We are seeking a highly experienced NBFC finance professional with 15-20 years of deep BFSI domain expertise to support the establishment and operationalization of a new Non-Banking Financial Company (NBFC) in India. This is a fractional engagement that begins with regulatory setup and financial modelling for the RBI license application and evolves into an ongoing advisory and compliance role. The ideal candidate will have hands-on experience with RBI applications, NBFC financial planning, regulatory reporting, and investor-facing financial projections. The role has the potential to grow into a Fractional CFO position as the NBFC scales.

Key Responsibilities

RBI Application & Regulatory Compliance

Review, validate, and refine the financial model and business plan prepared for the RBI license application
Ensure the business plan meets all RBI documentation requirements, including mandatory financial ratios such as asset cover, SLDR, leverage ratios, and capital adequacy norms
Provide expert, judgement-based inputs on appropriate financial benchmarks and assumptions for the RBI submission (e.g., conservative AUM growth projections, risk parameters)
Guide the end-to-end RBI license application process from a financial and compliance standpoint
Manage ongoing quarterly and periodic regulatory reporting to the RBI post-license approval

Financial Planning & Projections

Build and validate five-year financial projections for the NBFC across multiple scenarios:
RBI Plan: Conservative projections aligned with regulatory expectations to avoid compliance risk
Investor Plan: Growth-oriented projections showcasing the business opportunity for equity fundraising
Bank Funding Plan: Projections focused on security, serviceability, and asset cover ratios to support debt fundraising from banks
Equity Fundraising Plan: Projections tailored for equity investors highlighting scalability and returns
Develop detailed budget frameworks for the NBFC launch covering team costs, office setup, technology infrastructure, and operational expenditure
Validate existing budget assumptions and recommend realistic cost benchmarks based on current market salary levels and operational norms
Translate budget and cost assumptions into comprehensive P&L, Balance Sheet, and Cash Flow projections

Ongoing Finance Advisory & Operations Support

Act as a Fractional CFO, providing strategic financial oversight and guidance to the NBFC's internal management team
Collaborate with the internal analyst/associate team to set up financial operations, MIS, and reporting frameworks
Design and deliver monthly and daily financial reports with actionable insights on disbursements, collections, portfolio quality, and key operational metrics
Support bank funding proposals by preparing and presenting financial projections and compliance documentation to prospective lenders
Advise on financial strategy, capital structuring, and cost optimization as the NBFC scales operations

Candidate Profile

Deep domain expertise in BFSI, specifically in NBFC finance operations, lending models, and regulatory frameworks
Proven experience with RBI license applications and regulatory compliance for NBFCs
Strong understanding of current RBI guidelines, circulars, and compliance requirements for NBFCs
Ability to exercise sound financial judgement on leverage ratios, asset cover norms, and growth assumptions
Experience in building multi-scenario financial models for regulators, investors, and banking partners
Strategic thinker who can operate at both a hands-on execution level and a senior advisory capacity
Excellent communication skills to interface with senior leadership, investors, and banking counterparts
Comfortable working in a fractional/part-time engagement model with a startup-oriented organisation

Technical Skills (Mandatory)

Expert-level proficiency in financial modelling in Microsoft Excel (scenario analysis, sensitivity testing, ratio-based models)
Strong knowledge of NBFC financial metrics: AUM growth modelling, NPA provisioning, asset-liability management, capital adequacy
Experience in preparing RBI submission documents, quarterly regulatory reports, and compliance filings
Familiarity with NBFC chart of accounts, fund flow structures, and bank borrowing frameworks
Working knowledge of financial reporting tools and MIS dashboards is a Chartered Accountant (CA) - Strongly Preferred
B.Com / M.Com / MBA (Finance) with relevant NBFC experience will also be considered
15-20 years of progressive experience in NBFC finance, financial planning, or CFO-level roles within BFSI (Mandatory)
Prior experience handling RBI license applications and ongoing regulatory compliance (Mandatory)
Experience in consulting, advisory, or fractional CFO engagements is a plus
Currently working professionals who can dedicate time on a part-time basis or independent consultants are both welcome to apply

(ref:iimjobs.com)

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