Associate Director Financial Controls — BFSI Intercompany Reciprocity

The mandate

Intercompany balances in a financial-services group can be reconciled at summary level while the two entities disagree about the transactions underneath. Central service charges, approved funding-related entries and corrections reach counterpart ledgers at different times or under different identifiers. A finance centre is creating an associate-director controls seat to lead reciprocal accounting and discrepancy ownership. This is an open-ended appointment: the first eighteen months establish transaction pairing, approved treatment and a maintained exception route across six entities, after which employment and control responsibility continue.

The institution must distinguish timing from substance. An invoice awaiting counterpart booking differs from a charge the receiving entity does not accept; a currency difference differs from an incorrect principal amount. Net agreement can conceal opposing errors that later reappear when one side settles or reverses an entry. You will connect both ledger views to the approved underlying transaction and identify the decision required to resolve the difference. Tax owners determine pricing positions, treasury authorises funding and settlement, and controllers decide accounting policy. The service team preserves their evidence rather than treating a matching total as permission to clear every item.

Twenty-three accountants and control reviewers report through the associate director. You approve routine reciprocal journals within policy, require source clarification and set resolution priorities by substance and exposure. Entity controllers approve material adjustments or disputed accounting conclusions. The global controls director owns major policy and organisation changes. The role does not negotiate group funding, set transfer prices or execute unauthorised settlements. You may stop an unsupported reconciliation clearance, but cannot decide that a contractual charge is valid solely because one group entity has already booked it.

The opening programme should create a transaction-pair record, reliable discrepancy categories and owners who can explain what happens next on each material unmatched item. Gurugram is the base, with Mumbai and remote overseas counterpart engagement. Continuing responsibility includes reviewer development and adaptation when approved group service flows change. The finance centre should become capable of resolving ordinary timing cases promptly while escalating real disagreement with precise evidence. A reduction in unmatched balances is useful only if it reflects valid reciprocal accounting, not unreviewed netting or temporary suspense journals that postpone the underlying entity decision.

What you will own

• Establish transaction pairing between both entity ledgers and approved source records, identifying missing, duplicated or differently described events before summary agreement is accepted as reciprocal accounting evidence.
• Decide discrepancy priorities by substance and financial exposure, separating routine timing cases from disputed charges or incorrect treatment that require a controller, treasury or tax decision.
• Approve ordinary reciprocal journals within delegated policy through retained counterpart evidence, refusing suspense or offset entries whose main purpose is to remove an unexplained unmatched item from reporting.
• Set accountable counterparty clarification and escalation routes with entity teams, requiring each material disagreement to identify the underlying transaction and next authorised decision rather than repeat a generic reconciliation query.
• Build currency, reversal and late-booking review cases that expose opposing errors hidden by net agreement, ensuring clearance logic remains valid when the transaction later settles or one side changes its record.
• Develop intercompany supervisors in evidence and judgement review, enabling routine timing resolution while improving their ability to recognise pricing, funding or accounting-policy questions outside service-team authority.
• Present reciprocal accounting quality to the controller council with explicit unresolved substance, showing directors the difference between genuinely resolved balances and amounts temporarily parked pending an entity decision.

Candidate qualifications

• Explain an intercompany reconciliation where summary agreement concealed different underlying transactions or unresolved obligations. Describe the pairing evidence, discrepancy classification and clearance decision you changed. Senior shared-services or R2R responsibility must include your own review judgement, not only administration of counterparty confirmations or reporting the number of unmatched balances at month end.
• Demonstrate 18–22 years across finance services, GCC accounting or financial controls, supported by CMA, relevant professional accounting study or comparable technical competence. You should understand reciprocal journals, reversals and currency timing in enough depth to interrogate both ledger views. The next-level role requires leadership across counterpart teams while preserving the controllers' authority for policy and material adjustment.
• Show practical BFSI or similarly controlled multi-entity accounting experience and precise collaboration with tax and treasury owners. Describe a difference that was not a processing timing issue and how you routed it without choosing an unsupported treatment. The candidate must avoid assuming that a booked group charge is automatically accepted by the counterpart or that finance-centre authority includes negotiation of the underlying funding or pricing arrangement.
• Evidence development of intercompany reviewers who could resolve ordinary cases and recognise substantive disagreement independently. You should have improved source identifiers or counterpart evidence without overwriting the original record, and maintained a clear residual-action route under demanding close deadlines. Secure cross-entity information, constructive remote stakeholder work and willingness to report unresolved substance are essential to enduring control rather than cosmetic balance reduction.

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 10 October 2026. Mandate reference CVU-PER-2026-IND-163.