Finance Operations Officer - Client Accounting - Wholesale Financial Services Domain

Finance Operations Officer - Client Accounting

Job Description

End to end client accounting:

- Updating all key deal terms (Agreement Amount, Tenure, Interest Rate, Interest reset details etc.) in the Loan Management System

- Providing calculation of upfront fees alongwith the applicable taxes

- Drawing of repayment schedule and amendment thereof on each disbursement.

- Validating applicability of Additional interest & other commercial T&C.

- Appropriation of receipts and recording of all accounting related entries in Loan Management System.

- Ensure there are no revenue leakages and operational errors and omissions

Interface with the Customers:

- Issuing Balance Confirmations to all accounts & following up for acknowledged copies from the client.

- Obtaining timely TDS Certificates and reconciliation of TDS Credit in books of A/c with Form 26 AS

- Issuance of pending TDS certificates to the clients

- On satisfaction of entire dues, accounts are properly terminated in the Loan Management System & No Dues Certificate is issued.

- Co-ordination with Internal / External Stakeholders:

- Coordination with Treasury & Investment team for the planned disbursement schedule, actual disbursement, receivables for Asset Liability Mismatch (ALM)

- Resolution of audit queries on timely basis

- Interact with Investment or clients for resolution of queries w.r.t reconciliation issues

MIS & Reports:

- Publishing timely MIS on set frequency basis for early warning signals wherein there has been delay in the collection of receivables etc

- Providing data to auditors, regulators, rating agencies.

- Share reports with Internal & Statutory Auditors for smooth conduct of processes.

Process Improvisation:

- Providing solutions / business requirement documents for automation of the processes

- Functional support for enhancement of the system by doing user application testing of the processes being developed

Desired Candidate Profile - 

- Sound knowledge of wholesale financial services domain and strong understanding of wholesale financial service operations

- 2+ years of experience in end to end client accounting for lending platform

- Prior experience in handling aspects of audit, compliance, maintaining accounts would be preferred

- Well versed with Companies Act, 2013, Accounting Standards issued by ICAI and RBI Guidelines would be preferred

- Strong understanding of loan lifecycle and credit operations

- Strong proficiency in MS Excel, experience with use of technology systems

- Ability to multi-task, work successfully under pressure, effectively manage time & workload

- Attention to detail, ownership of issues, determination to follow through with urgency