Finance Manager (Payments)

Aditya Birla Capital; Maharashtra; On-site; INR 600,000 - 800,000; Full time

Job summary

A leading financial services company located in India, Maharashtra, is seeking a finance professional to manage fixed deposits, maintain bank accounting, and ensure regulatory compliance. Responsibilities include executing bank transactions, performing daily reconciliations, and preparing invoices. Candidates should possess strong skills in accounting, attention to detail, and familiarity with financial regulations. This position requires proficiency in SAP and a commitment to maintaining accurate financial records.

Qualifications

• Familiarity with financial regulations and compliance.
• Experience in accounting and reconciliations.
• Ability to prepare and issue invoices and maintain tax compliance.

Responsibilities

• Execute and renew Fixed Deposits as required.
• Coordinate with banks and track maturity and accounting.
• Monitor fund movement and maintain audit trails.
• Perform daily bank reconciliations for accounts.
• Prepare and issue invoices for eligible services.

Skills

SAP proficiency

Financial reconciliation

Bank accounting

Regulatory compliance

Attention to detail

Job description

• Execute/renew Fixed Deposits (FD) as required for NDC; maintain documentation and accounting entries.
• Coordinate with banks; track maturity, lien, and interest accounting.
• NDC Funding – T+3
• Ensure funding requests are processed within T+3; maintain supporting schedules and approvals.
• Initiate and monitor fund movement from Collection A/c to Escrow per daily inflows/outflows and compliance thresholds.
• Maintain maker–checker controls and audit trail.
• Prefunding Requirement – Daily Monitoring
• Track prefunding levels and trigger top-ups to avoid transaction failures; maintain daily MIS.
• All Bank Account Monitoring – Ongoing
• Monitor balances, holds, charges, interest, and unusual activity across collection, escrow, NDC, and FD-linked accounts.
• Accounting & Reconciliations
• Perform daily bank reconciliations for all PPI-linked accounts; clear open items, investigate variances, and pass rectification entries.
• Accounting in SAP – Ongoing
• Post daily journals, accruals, reversals, inter-account transfers, and settlement entries in SAP.
• Maintain GL hygiene, proper cost center tagging, and monthly close schedules.
• Income Booking & Payment Upload – Ongoing
• Book interchange/fee income, process payment uploads, and ensure correct TDS/GST implications.
• Coordinate with Ops for settlement files; validate and post entries.
• Invoicing & GST Compliance
• Bill of Supply – Ongoing
• Prepare and issue Bill of Supply/invoice for eligible PPI services; ensure proper tax positions.
• Interchange Income GST Validation & Invoicing – Monthly
• Validate monthly interchange income, apply correct GST rate & place-of-supply, and issue invoices.
• Reconcile with gateway/acquirer statements; manage credit notes, amendments, and GSTR linkages.
• GST Filing – Monthly
• Prepare workings (B2B/B2C, RCM if any), reconcile with books, and support timely GSTR filings with proofs and trail.
• Regulatory & Compliance
• RBI Quarterly Escrow Certificate – Quarterly
• Prepare workings and documentation for RBI-mandated Escrow certificate; coordinate with bank/auditor for issuance.
• Maintain evidence of compliance with PPI guidelines (utilization, settlement timelines, permitted debits/credits).
• Assist in preparation of Net Worth Certificate.
• Controls, Audit & MIS
• Maintain maker–checker controls across fund movements and postings.
• Prepare daily/weekly/monthly MIS on balances, prefunding, recon breaks, invoice status, and compliance calendars.
• Support internal/external audits, respond to queries with schedules and evidence.
• Drive process improvements (automation of reconciliations, templates in SAP, standard SOPs).