Financial Controller

ABOUT BLOSTEM

Blostem is a Startup India-registered fintech infrastructure company founded in October 2021, backed by leading investors including Rainmatter (Zerodha), MobiKwik, AC Ventures, GrowX, and Blue Lotus.

We provide a unified banking SDK and API that enables fintechs and financial institutions across India to embed financial products - such as Fixed Deposits, Recurring Deposits, and more - directly into their apps without building backend infrastructure from scratch.

Our platform drastically reduces time-to-market: partners can go live in 7 days versus the traditional 9-12 months per bank integration. We handle regulatory compliance, bank onboarding, and reconciliation so our partners can focus entirely on user experience.

We serve 30+ platforms including MobiKwik, Upstox, Jupiter, and Zerodha, with partnerships across 10+ banks and NBFCs. We are ISO 27001 certified and operate as a Technical Service Provider under RBI and NPCI regulations with AES-256 encryption for data protection.

ABOUT THE ROLE

As we scale aggressively, Blostem is looking for a Finance Controller who will be the single owner of all financial operations at the company. This is not a support role - you will be the finance function. You will own everything from day-to-day accounting and compliance to MIS reporting, treasury, and audit management, working directly with the founders to enable data-driven decision-making.

If you are a freshly qualified Chartered Accountant with 3 - 4 years of post-qualification experience and the ambition to run finance end-to-end at a fast-growing, investor-backed fintech - this role was built for you.

KEY RESPONSIBILITIES

• Own and manage the complete books of accounts including General Ledger, Accounts Payable, Accounts Receivable, and Bank Reconciliations.
• Prepare accurate monthly, quarterly, and annual financial statements including P&L, Balance Sheet, and Cash Flow statements in compliance with Ind AS / GAAP.
• Build, maintain, and present MIS dashboards and financial reports for founders, management, and investors.
• Ensure timely month-end and year-end closures with accurate and error-free accounting records.

• Manage all direct and indirect tax compliances including Income Tax, GST, TDS/TCS, computation, filing, and reconciliations.
• Handle end-to-end GST compliance including GSTR-1, GSTR-3B, GSTR-9 filings, ITC reconciliation, and notice management.
• Oversee advance tax planning, corporate tax filings, and timely statutory payments including PF, ESIC, and Professional Tax.
• Coordinate with tax consultants and legal advisors for tax structuring, assessments, and dispute resolution matters.

• Lead statutory, tax, and internal audits including preparation of audit schedules and resolution of auditor queries.
• Ensure timely closure of audits and adherence to all compliance requirements.
• Manage ROC and MCA compliances including annual filings, board resolutions, director-related filings, and regulatory disclosures.
• Ensure compliance with applicable provisions of the Companies Act, 2013 for a private limited company.

• Monitor daily cash flow and maintain rolling cash flow forecasts for effective financial planning.
• Manage banking relationships, fund utilization, and credit facilities to optimize liquidity and working capital.
• Oversee vendor payments, partner collections, and overall working capital management processes.

• Drive annual budgeting and quarterly forecasting processes in collaboration with leadership teams.
• Track budget vs actual performance, identify variances, and recommend corrective financial actions.
• Support investor reporting through preparation of board decks, financial schedules, and due diligence data rooms.
• Assist in financial modelling, pricing analysis, partnerships, and evaluation of new business opportunities.

• Manage and optimize accounting systems such as Tally Prime, Zoho Books, QuickBooks, or equivalent platforms.
• Design, implement, and monitor financial controls, SOPs, and approval workflows.
• Identify and implement automation opportunities to improve efficiency and reduce manual errors in finance operations.

WHAT WE'RE LOOKING FOR

Must-Have

• Qualified Chartered Accountant (CA) with 3–4 years of post-qualification experience.
• Hands-on experience handling end-to-end accounting, GST, TDS, income tax, and ROC / MCA filings independently.
• Strong working knowledge of Ind AS / Indian GAAP, Companies Act 2013, and applicable tax laws.
• Experience managing statutory and tax audits from preparation through to sign-off.
• Proficiency in accounting software (Tally Prime / Zoho Books / SAP Business One or equivalent).
• Comfort with Excel / Google Sheets for financial modelling, reconciliations, and MIS reporting.
• High attention to detail, strong ownership mindset, and ability to operate independently without hand-holding. 

Good To Have

• Prior experience at a fintech, startup, or technology company.
• Exposure to RBI / NBFC / payment aggregator regulatory frameworks.
• Experience supporting investor reporting, fundraising data rooms, or Series A / B finance processes.
• Familiarity with ESOP accounting and equity-related disclosures.
• Working knowledge of financial consolidation in a multi-entity or holding company structure.