Assistant Manager - Banking Revenue and Reconciliation

DMart; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Avenue Supermarts Limited invites applications for the role of Assistant Manager - Banking, Revenue & Reconciliation with Dmart Ready, based in Powai (Work from Office). The position focuses on maintaining payment operations and end-to-end reconciliation with banks and payment gateways.

You will coordinate with banks, monitor transactions across cards, UPI and net banking, handle refunds and chargebacks, and support month-end closings with MIS reporting.

Responsibilities

• Coordinate with banks, PG partners, acquiring banks, and payment service providers for day-to-day operations.
• Monitor payment transactions across cards, UPI, net banking, and other digital payment modes.
• Coordinate refunds, chargebacks, reversals, and other payment-related matters.
• Prepare and circulate regular MIS and highlight major exceptions to management.

Job description

We are hiring for Assistant Manager -Banking, Revenue & Reconciliation with Dmart Ready.

Location: Powai (Work from Office)

Avenue E-commerce Limited (AEL) is an online extension of Avenue Supermarts Limited flagship brand. Dmart Ready is the mobile application through which our customers order grocery and other utility products. We seek to be a one - stop shopping destination for the entire family, meeting all their daily household needs offering value for money. A wide selection of home utility products is offered at an affordable price, including groceries, foods, toiletries, beauty products, garment, kitchenware, bed and bath linen, home appliances and much more. Currently we are present at Mumbai, Pune, Ahmedabad, Hyderabad and Bangalore locations.

Key Responsibilities:

1. Banking & Payment Gateway Management

• Coordinate with banks, Payment Gateway (PG) partners, acquiring banks, and payment service providers for day-to-day operations.
• Monitor payment transactions across different channels including cards, UPI, net banking, other digital payment modes.
• Follow up with banks/PGs on failed, pending, disputed, or delayed transactions.
• Coordinate for refunds, chargebacks, reversals, and other payment-related matters.

2. Revenue & Collection Management

• Monitor daily revenue collections across retail stores and digital/payment channels.
• Track collections against sales/revenue and identify short collections, pending collections, or discrepancies.
• Monitor daily bank credits and ensure collections are received as per agreed settlement timelines.
• Prepare and maintain collection trackers and ageing reports.

3. Bank & Payment Gateway Reconciliation

• Perform/coordinate daily reconciliation of sales, payment gateway transactions, bank settlements, and accounting records.
• Identify and investigate reconciliation differences and unmatched transactions.
• Coordinate with Operations, Banks, and PG partners for timely resolution.
• Maintain ageing of unreconciled transactions and ensure timely closure.
• Support month-end and year-end reconciliation activities.

4. MIS & Reporting

• Prepare and circulate regular MIS
• Highlight major exceptions and ageing items to management.
• Provide data and analysis for business and finance reviews.