Financial Operations Expert
4 weeks ago
Role/Job Summary:
This role is responsible for ensuring the accuracy of payouts to assignee banks and Alliance partners. It also involves sharing details with internal and external stakeholders in a timely manner to prevent escalations.
Key Responsibilities:
- Correct and timely Payout calculations of all assignment banks for Direct Assignment deals.
- Preparation of Payout reports of all assigned banks and payout figures to be tallied with trustees.
- Preparation of various details and Annexures as required by bankers to be prepared and shared on time.
- Preparation of Debit Notes for servicing fees and dispatching the same on time.
- Preparation of various reconciliations such as Balance as per Payout file Vs Portfolio dump, Payout Data vs assignee bank Loan Statement.
- Performing financial and accounting-related activities in a timely manner.
- Managing day-to-day operations to ensure processes are executed within agreed SLAs.
- Performing month-end closing activities such as revenue accounting, expense accounting, account reconciliation, etc.
- Managing account payables and receivables activities, credit and collection activities.
- Undertaking regular self-assessments to ensure all new risks are actively managed and mitigated.
- Measuring financial ratios such as solvency, profitability, growth, determining IDFC First's financial position and proposing enhancement recommendations.
- Working closely with Technology to ensure that systems are developed to accommodate regulatory requirements and process improvements.
- Maintaining the MIS parameters as per set guidelines and identifying process improvements to streamline date collection and report generation processes.
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