Financial Operations Expert

4 weeks ago


Mumbai, Maharashtra, India IDFC FIRST Bank Full time

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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