Statutory Auditor-NBFC

Job Title: Statutory Auditor – NBFC (Mid-Size CA Firm)

Location: Mumbai, Maharashtra
Firm Type: Mid-size Chartered Accountant Firm
Experience: 2–6 years PQE
Qualification: CA (Qualified with strong experience)

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Role Overview

The role involves end-to-end execution of statutory audits for NBFC clients, including planning, fieldwork, and finalization. The candidate will work closely with partners and directly interact with client finance teams, ensuring compliance with Reserve Bank of India regulations and the Companies Act, 2013 .

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Key Responsibilities

1. Audit Execution (Core Focus)

• Independently handle statutory audit assignments for NBFC clients.

• Perform audit procedures including vouching, verification, and analytical review.

• Prepare working papers and audit documentation as per standards of the Institute of Chartered Accountants of India .

• Assist in finalization of financial statements.

2. NBFC Regulatory Compliance

• Ensure compliance with RBI Master Directions applicable to NBFCs.

• Review:

  • Income Recognition and Asset Classification (IRAC)

  • NPA identification and provisioning norms

  • Capital adequacy (CRAR)

• Verify regulatory returns and disclosures.

3. Client Handling & Coordination

• Act as a key point of contact for client finance and accounts teams.

• Gather data, resolve queries, and follow up for pending information.

• Coordinate with internal teams and partners for timely closure.

4. Financial Statement Review

• Assist in preparation / review of financials as per Ind AS / applicable GAAP.

• Ensure proper disclosures for NBFC-specific requirements.

5. Internal Controls Testing

• Perform testing of internal financial controls (IFC).

• Identify process gaps and suggest practical improvements.

6. Multi-Tasking Across Assignments

• Work on multiple clients simultaneously (common in mid-size firms).

• Support in tax audit / internal audit assignments during non-peak periods.

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Key Skills & Competencies

• Practical knowledge of NBFC operations and loan portfolios

• Strong grasp of auditing standards and Ind AS

• Ability to work independently with limited supervision

• Good client-facing and communication skills

• Time management and ability to handle multiple deadlines

• Hands-on approach (not purely supervisory)

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Preferred Profile

• Experience in a CA firm handling NBFC / BFSI clients

• Exposure to statutory audits rather than only internal audits

• Comfortable with tight timelines and audit season pressure

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Work Environment (Typical for Mid-Size Firm)

• High ownership and learning exposure

• Direct interaction with partners and clients

• Faster career growth with performance

• Lean teams → broader responsibilities