Accounts Executive NBFC / Lending Fintech

Mayur Deep Ornaments; Pune District; On-site; INR 700,000 - 1,100,000; Full time

Job summary

Mayur Deep Ornaments is seeking an experienced accounting professional to manage day-to-day books for a lending business and ensure accurate financial reporting. The role involves loan disbursement and repayment accounting, EMI allocation, and reconciliation across LMS, GL, and bank accounts.

The candidate should have strong knowledge of lending accounting, exposure to NBFC or housing finance environments, and proficiency in Tally/ERP.

Qualifications

• Strong knowledge of accounting fundamentals and financial statements.
• Practical understanding of lending/loan accounting.
• Good working knowledge of Tally / ERP / accounting software.
• Strong proficiency in MS Excel, including reconciliations and financial data analysis.
• Good understanding of GST and TDS.
• Strong attention to detail and accuracy.
• Ability to independently identify and resolve accounting/reconciliation issues.
• Good communication and coordination skills.

Responsibilities

• Maintain day-to-day books of accounts and accounting records for the lending business.
• Handle accounting entries relating to loan disbursements, principal repayments, interest income, processing fees, penal charges, overdue charges, write-offs and recoveries.
• Reconcile the loan management system (LMS) with the accounting/GL records.
• Reconcile bank accounts, collection accounts, disbursement accounts and other operational accounts.
• Monitor and reconcile loan receivables, interest receivables, overdue amounts and customer collections.
• Ensure proper accounting of EMI collections and allocation between principal, interest and other charges.
• Assist in accounting and reconciliation of NPA/overdue accounts, provisions, write-offs and recoveries.
• Support preparation of monthly/quarterly financial statements, MIS and management reports.
• Assist in month-end and year-end closing and ensure timely completion of accounting activities.
• Coordinate with auditors, tax consultants, statutory auditors and other professional advisors.
• Assist with GST, TDS and other applicable statutory compliances.
• Assist in preparation of schedules and information required for RBI/NBFC reporting and regulatory requirements.
• Maintain proper documentation and supporting records for accounting entries and audits.
• Identify accounting discrepancies and ensure timely resolution.
• Support the finance team in improving accounting processes, reconciliations and internal controls.

Skills

Lending accounting

Tally ERP

MS Excel

GST / TDS

Financial analysis

Communication

Education

B.Com / M.Com

CA Inter / CA articleship

Tools

Tally

ERP software

GST compliance tools

Job description

Key Responsibilities

• Maintain day-to-day books of accounts and accounting records for the lending business.
• Handle accounting entries relating to loan disbursements, principal repayments, interest income, processing fees, penal charges, overdue charges, write-offs and recoveries.
• Reconcile the loan management system (LMS) with the accounting/GL records.
• Reconcile bank accounts, collection accounts, disbursement accounts and other operational accounts.
• Monitor and reconcile loan receivables, interest receivables, overdue amounts and customer collections.
• Ensure proper accounting of EMI collections and allocation between principal, interest and other charges.
• Assist in accounting and reconciliation of NPA/overdue accounts, provisions, write-offs and recoveries.
• Support preparation of monthly/quarterly financial statements, MIS and management reports.
• Assist in month-end and year-end closing and ensure timely completion of accounting activities.
• Coordinate with auditors, tax consultants, statutory auditors and other professional advisors.
• Assist with GST, TDS and other applicable statutory compliances.
• Assist in preparation of schedules and information required for RBI/NBFC reporting and regulatory requirements.
• Maintain proper documentation and supporting records for accounting entries and audits.
• Identify accounting discrepancies and ensure timely resolution.
• Support the finance team in improving accounting processes, reconciliations and internal controls.

Preferred Experience

Candidates with experience in any of the following will be strongly preferred:

• NBFC / Housing Finance Company / Bank
• Lending FinTech / Digital Lending Company
• CA firm handling NBFC or lending-company accounts
• Accounting/audit experience involving loan portfolios and financial institutions

The candidate should preferably have exposure to NBFC accounting, Ind AS, loan portfolio accounting, NPA/provisioning, interest income recognition and RBI-related financial reporting.

Required Skills

• Strong knowledge of accounting fundamentals and financial statements.
• Practical understanding of lending/loan accounting.
• Good working knowledge of Tally / ERP / accounting software.
• Strong proficiency in MS Excel, including reconciliations and financial data analysis.
• Good understanding of GST and TDS.
• Strong attention to detail and accuracy.
• Ability to independently identify and resolve accounting/reconciliation issues.
• Good communication and coordination skills.

Qualifications

• B.Com / M.Com preferred.
• CA Inter / CA articleship experience will be an advantage.
• 25 years of relevant accounting experience.
• Experience specifically in NBFC, Bank, Lending FinTech or a CA firm servicing NBFCs will be preferred.