Operations Executive

Incred; Thane, Navi Mumbai, Mumbai; On-site; INR 700,000 - 1,200,000; Full time

Job summary

Incred in Thane seeks an Executive/Assistant Manager to oversee end-to-end Bank Reconciliation Statement (BRS) between the Loan Management System (LMS) and General Ledger (GL). The role covers inflows/outflows, unidentified transactions, and preventing double disbursements, with reporting to leadership.

You will manage aging open items, unidentified credits, and prepare monthly MIS dashboards for EXCO, while ensuring SOP compliance across all accounts and processes.

Qualifications

• 3 to 8 years of core experience in Bank Reconciliation (BRS) within Central Operations / CPU at BFSI/NBFC.
• Hands-on experience with LMS, GL modules, BRS tools, and advanced MS Excel (VLOOKUP, Pivot, data matching).
• Domain knowledge of banking repayment modes (NACH, Virtual Accounts, Payment Gateways), disbursement cycles, and financial controls.

Responsibilities

• Daily BRS & Execution: download daily statements, run LMS auto-reconciliation, compare GL entries against bank statements, and upload formats for system knock-offs.
• Disbursement & Repayment Recon: reconcile NACH collections, cash/online channels, partner collection accounts, failed API disbursals, bank charges, and uncashed cheques.
• Control & Risk Mitigation: monitor money outflows to detect double/incorrect disbursements, track auto-pay failures, resolve SOA receipt mismatches, flag dual payments.
• High-Aging & Unidentified Credit Management: track and report high-aging open items, unidentified borrower credits, and pending insurance refunds; book income for unapplied credits.
• MIS & Stakeholder Reporting: prepare monthly bank-wise BRS summaries for EXCO, publish weekly open-item reviews with Head of Operations, and track unidentified credit dashboards.
• Audit & Compliance: ensure adherence to SOPs, audit frameworks, and financial control requirements across all accounts.

Skills

Bank Reconciliation

LMS & GL understanding

Advanced MS Excel

Tools

LMS

GL Modules

BRS Tools

MS Excel

Job description

Role summary: We are looking for an Executive / Assistant Manager (Central Operations / CPU) based in Thane to oversee end-to-end Bank Reconciliation Statement (BRS) processes between the Loan Management System (LMS) and General Ledger (GL). The position involves overseeing all inflows and outflows, investigating long-standing unidentified transactions, preventing double or erroneous disbursements, and reporting operational MIS metrics to leadership.

Key responsibilities

1. Daily BRS & Execution: Download daily statements across collection and disbursement bank accounts; run LMS auto-reconciliation, compare GL credit/debit entries against bank statements (by date, instrument number, and amount), and upload formats for system knock-offs.

2. Disbursement & Repayment Recon: Reconcile NACH collections, cash/online repayment channels (BillDesk, Setu, Virtual A/c, NEFT, RTGS, IMPS, UPI), partner collection accounts, failed API disbursals, bank charges, and uncashed cheques.

3. Control & Risk Mitigation: Maintain strict oversight on money outflows to detect double/incorrect disbursements, track auto-pay failures, resolve SOA receipt mismatches, and flag dual payment releases.

4. High-Aging & Unidentified Credit Management: Track, investigate, and report high-aging open items, unidentified borrower credits, and pending insurance refund details; execute income booking for unapplied credits based on aging matrices.

5. MIS & Stakeholder Reporting: Prepare and present monthly bank-wise BRS summaries for EXCO, publish weekly open-item reviews with the Head of Operations, and track unidentified credit dashboards.

6. Audit & Compliance: Ensure adherence to internal SOPs, internal audit frameworks, and financial control requirements across all assigned disbursement, collection, and partner bank accounts.

Required Skills & Qualifications

• Experience: 3 to 8 years of core experience in Bank Reconciliation (BRS) within Central Operations / CPU at a BFSI/NBFC organization.
• Technical & system proficiency: Hands‑on experience with Loan Management Systems (LMS), General Ledger (GL) modules, BRS tools, and advanced MS Excel (VLOOKUP, XLOOKUP, Pivot Tables, data matching routines).
• Domain knowledge: In‑depth understanding of banking repayment modes (NACH, Virtual Accounts, Payment Gateways), disbursement cycles, unapplied credit accounting, and financial control workflows.