Finance & Compliance Manager

Finance & Compliance Manager India

• 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!

We want to hire ambitious and value-adding talent into Modulr one of the fastest growing payments businesses in the UK and Europe. Modulr is experiencing significant growth and in this role you will work in a cross-functional team who are asked to solve a problem rather than be handed a task to do. This is an excellent opportunity to work in a high-growth environment with a fast-paced and collaborative culture where you will have great opportunities to work on challenging problems.

About us

At Modulr our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses from SMEs to Enterprise initially across the UK and Europe to efficiently pay-in collect and disburse funds instantly via a range of payment schemes accounts and card products.

We have created an industry-leading API platform with comprehensive online tools and access to meet the demands of daily business payments. We have two routes to market. Our Core Business Payments product allows customers in any sector to connect to us and our expanding network of accounting and payroll platforms including Sage Xero BrightPay and IRIS to automate payments. Our Vertical Solutions targets a growing range of industry verticals which directly connect their IT platforms to our APIs and webhooks. We solve complex payment problems forhundreds of clients in a range of industries including Travel Lending Wage Advance and Investment & Wealth.

We are deeply integrated into the payment the UK we are direct participants of Faster Payments and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS Open Banking SEPA SWIFT and account issuance in multiple currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.

Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giantsPayPalandFIS as well as growth investorsBlenheim ChalcotGeneral AtlanticFrog Capitaland HighlandEurope.

Modulr now has over 400 employees spread globally across offices in London Edinburgh Amsterdam and Mumbai.

Modulr values

• Building the extraordinary; going that extra mile.
• Owning the opportunity; be passionate and proud of the time you invest.
• Move at pace; reach goals faster whilst supported on your career journey.
• Achieve it together working collaboratively and being a Modulite.

The team

You will work closely with the Financial Control team based mainly in Edinburgh. The wider business teams are based in Edinburgh Amsterdam and London.

Summary

The Finance & Compliance Manager will be responsible for overseeing Modulrs Indian entitys financial health and regulatory compliance. This role combines ownership of financial reporting compliance with statutory requirements process improvement and proactive analysis to support strategic decision-making. The ideal candidate will thrive in a fast-paced high-growth environment and have a strong grasp of Indian regulatory and financial frameworks.

Specific duties

Financial Reporting & Month-End Close

• Lead and support the monthly financial close process for the India entity.
• Prepare individual entity and group consolidated monthly management accounts.
• Drive continuous improvement in the month-end close to reduce turnaround time and enhance accuracy.
• Conduct variance analysis between actuals and budgets identifying anomalies trends and potential mispostings.
• Prepare internal month-end deliverables including management accounts and board packs with meaningful commentary.

Financial Planning & Analysis

• Analyse the financial performance of the Indian entity and communicate key insights to senior management.
• Track and report on key KPIs budget variances and financial trends.
• Provide support for budgeting and forecasting processes.

Compliance & Statutory Responsibilities

• Ensure full compliance with Indian regulatory and statutory requirements including the Companies Act GST/VAT and Income Tax regulations.
• Prepare and file accurate statutory returns such as GST/VAT TDS and other applicable tax filings.
• Coordinate and liaise with external consultants auditors and regulatory bodies for statutory audits tax filings and financial reviews.
• Maintain and update compliance policies ensuring alignment with local laws and group standards.
• Conduct internal audits and compliance risk assessments.
• Respond to regulatory audits notices and inspections.
• Monitor business activities to detect potential violations.
• Investigate compliance breaches and recommend corrective actions.

Process Improvement & Systems Support

• Identify opportunities to improve financial systems reporting tools and internal controls.
• Support the design and implementation of more effective workflows across finance and compliance functions.
• Collaborate cross-functionally to streamline processes and enhance operational efficiency.

General & Ad-Hoc Duties

• Support broader finance initiatives and global projects as required.
• Handle ad-hoc analysis special projects and reporting requests from senior stakeholders.
• Act as a key contributor to the ongoing growth and maturity of the finance function in India.

About you

The successful Financial Accountant will have a track record in delivering results in a fast-moving scaling business and henceyou must be comfortable with change and uncertainty. More specifically the ideal candidate will have:

• CA CMA MBA Finance or equivalent professional qualification.
• Strong knowledge of IND AS/IFRS to ensure accuracy and compliance with accounting standards.
• 58 years of progressive experience in finance and compliance roles preferably in a startup fintech or multinational environment.
• Strong understanding of Indian GAAP/Ind AS GST Income Tax and Companies Act.
• Excellent Excel and financial modelling skills; experience with ERP systems is a plus.
• Excellent stakeholder management youll be working with many of our internal teams and senior leadership
• A self-starter who is structured and organised able to handle the competing pressures of immediate tasks alongside longer-term projects.
• Excel knowledge being comfortable using XLOOKUPs
• Ability to operate in a changing and dynamic environment with tight deadlines
• Proven track record of process improvement
• This is a hands-on role where you will be expected to roll up your sleeves to achieve the goals of the finance team and wider business
• Experience working with NetSuite is desirable but not essential

ModInclusion

At Modulr we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team its also the right thing to do for our business the community we operate in and attracting future talent. As part of our approach we actively welcome applications from candidates with diverse backgrounds.

By submitting your CV you understand that we have a legitimate interest to use your personal data for the purposes of assessing your eligibility for this role. This means that we may use your personal data to contact you to discuss your CV or arrange an interview or transfer your CV to the hiring manager(s) of the role you have applied for. You can ask us at any time to remove your CV from our database by emailing but please note that this means we will no longer consider you for the role you have applied for.