Associate - Finance

Bandhan Life; Mumbai; On-site; INR 450,000 - 750,000; Full time

Job summary

Bandhan Life is seeking a Finance officer (Off-role) to support the Banking and Treasury unit in a hybrid role based in Mumbai. The role focuses on reconciliations, funds tracking, and timely payments to policyholders while maintaining accurate records.

The candidate should be a postgraduate in commerce with 2–4 years in banking/treasury operations, strong MS Excel skills, and the ability to learn quickly and meet deadlines. Collaboration with vendors, banks, and internal teams is essential.

Qualifications

• Postgraduate in commerce with 2–4 years experience in managing banking and treasury operations in insurance industry.
• Good knowledge of MS Excel.
• Ability to learn quickly.
• Ability to adhere & deliver in timelines.

Responsibilities

• Provide inputs/ledgers/statements for Bank Reconciliation.
• Track funds and raise requirements for policyholder payments.
• Process online money payments and refunds after checks and accounting.
• Provide accruals of banking and treasury expenses.
• Prepare and close open items of Bank Reconciliation.
• Check and deduct adequate TDS before processing a policy payment.
• Coordinate with authorizers for payment batches.
• Coordinate with vendors, banks and branches for deposits/clearance.
• Maintain MIS of payments processed daily and share with user departments.
• Respond to queries from other departments on payments/receipts.

Skills

MS Excel

Attention to detail

Learning Agility

Education

Postgraduate in Commerce

Tools

Banking software

Job description

Role Details

Department: Finance (Off-role)

Employment Type: Full Time

Location: Hybrid

Role Summary: Providing adequate support to the Banking and Treasury unit with respect to receipts and pay-outs.

Key Focus areas:

• Providing the necessary inputs/ledgers/ statements for preparation of Bank Reconciliation statement.
• Tracking the fund available, raising requirement for funds as needed and providing adequate funds for policyholder payments.
• Online Money Payment and refunds after appropriate checks and accounting
• Providing accruals of the various expenses pertaining to banking and treasury unit
• Prepare and close open items of Bank Reconciliation statement.
• Check and deduct adequate TDS amount with other necessary workings before processing a policy payment.
• Co-ordinate with authorizers for authorization of payment batches
• Co-ordinate with vendors, banks and branches for timely deposition and clearance of cheque and cash transactions.
• Maintain MIS of payment processed throughout the day and send to user departments.
• Response to other departments queries related to payment and receipt transaction from customers.

Qualifications & Competencies:

• Postgraduate in commerce with 2-4 years experience in managing banking and treasury operations in insurance industry, life or general accounts payable areas. We are open to look at freshers if the candidate has good academic record.
• Good knowledge of MS Excel
• Ability to learn quickly.
• Ability to adhere & deliver in timelines