Asset Services Financial Control and Consolidation Cover

The mandate

Responsibility for entity-close judgements is fragmented across reporting teams. Consolidated totals can be produced, but the approval trail for intercompany balances, service accruals and unusual adjustments is not sufficiently dependable. This interim controller will hold the financial-control seat, restoring accountable review at the level where balances originate rather than compensating for weak entity schedules through central adjustments.

The nine-month appointment begins on 19 October 2026, with a replacement search running concurrently. Five working days weekly include Mumbai close leadership and scheduled calls with overseas entity owners. The first close should identify the material unsupported balances, classify the judgement involved and establish who can resolve each issue within the available evidence.

Handover requires entity schedules with named preparers and reviewers, reproducible intercompany reconciliation and a consolidation bridge that explains every material adjustment. The successor will complete one entity judgement review and lead a consolidated close before the outgoing interim relinquishes delegated authority. Historical defects can remain on an agreed remediation register, but cannot be silently carried forward as accepted balances.

The controller may reject close submissions, set review sequencing and approve accounting entries within the finance director's delegated threshold. Accounting policy changes, capital transactions and permanent headcount decisions remain above this seat. The role cannot sign a statutory opinion or direct a regulated fund investment decision; it owns the financial-control process, not external assurance or investment management.

Fund valuation methodology, client mandate negotiation and enterprise system replacement are excluded. The sponsor supplies authorised ledger access, legal-entity ownership records and an internal consolidation custodian. The approach must preserve the distinction between management reporting convenience and entity-level evidence, especially where service activity and accounting responsibility sit in different teams.

What you will own

• Decide close readiness for each entity through evidence-based review, separating missing documentation from a substantive accounting judgement that requires a higher-level policy decision.
• Establish the intercompany reconciliation register with counterparty confirmation, ageing and resolution ownership, preventing consolidation entries from disguising disputed entity balances.
• Approve delegated service accrual and cut-off treatments only where transaction support and the accounting basis are retained in the entity review pack.
• Set consolidation review gates that explain eliminations, translation and non-routine entries, requiring reviewers to identify the source balance rather than accept an unexplained central total.
• Reallocate existing control capacity to the greatest reporting exposures, documenting which lower-risk checks are deferred and who approves that temporary tradeoff.
• Chair close exception reviews with operations and finance owners, ensuring that unresolved source-process defects acquire a remediation owner without turning finance into a service-delivery manager.
• Transfer the close calendar, judgement archive and consolidation controls to the successor, observing a live cycle and retaining signed acknowledgement of residual issues.

Candidate qualifications

• Demonstrate financial-controller authority in asset services, banking or another multi-entity financial-services setting. Describe a material close judgement you reviewed, the evidence needed and the boundary between your approval and accounting-policy authority. Candidates must distinguish controllership from merely assembling consolidated reports already approved by someone else.
• Show a legal-entity consolidation intervention that improved reliability without concealing defects through central plugs. Explain an intercompany dispute, how the counterparty evidence was obtained and how both entity and group consequences were recorded. Multi-framework reporting familiarity must be backed by examples of actual judgement and reconciliation.
• Evidence practical leadership of preparers and reviewers through a difficult reporting cycle. Give a case where scarce capacity required prioritisation, the exposure you protected and the control you deliberately deferred. The role requires clear delegated decisions, not an unsupported claim of CFO or board authority.
• Provide proof of a durable controller transfer: usable review files, source ownership and a successor able to explain non-routine adjustments independently. Professional accounting capability is essential, while any credential must be evidenced by the candidate. Confidentiality and care with asset-service records matter; investment management or statutory audit-signing authority is neither inferred nor part of this assignment.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 8 October 2026. Mandate reference PCT-INT-2026-IND-04.