Operations Manager

Incred; Thane; On-site; INR 450,000 - 850,000; Full time

Job summary

Incred is seeking a Bank Reconciliation Specialist to join our operations team in Maharashtra. You will own daily BRS, reconcile across bank statements and LMS, and ensure accuracy in GL entries and cash movements.

Proactive control of disbursements and collections is essential. You will manage aging items, unidentified credits, and unapplied payments, while producing bank-wise summaries for EXCO and leading weekly review sessions with operations leadership.

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, XLOOKUP, Pivot Tables, data matching).
• Knowledge of banking repayment modes (NACH, Virtual Accounts, Payment Gateways) and financial control workflows.

Responsibilities

• Daily BRS and execution: download daily statements, run LMS reconciliation, compare entries, and upload formats.
• Disbursement and repayment reconciliation across channels (NACH, BillDesk, NEFT, RTGS, UPI).
• Maintain oversight on money outflows to detect misdisbursements and auto-pay failures.
• Track high-aging/open items, unidentified credits, and unapplied credits; report aging matrices.
• Prepare and present monthly bank-wise BRS summaries for EXCO; publish weekly reviews.
• Ensure adherence to SOPs, audit frameworks, and financial controls across accounts.

Skills

BRS expertise

Analytical skills

Detail oriented

Problem solving

Tools

LMS

GL modules

BRS tools

MS Excel

Job description

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.

Problem-solving & detail orientation: Strong analytical capability to trace open items, resolve ledger-to-bank discrepancies, and communicate action plans to internal teams