Finance Manager (Payments)

Job description

- Treasury & Cash Management - FD for NDC – Event Based - 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. - Fund Movement – Ongoing - 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 - Bank Reconciliation – Daily - 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).