Finance Manager (Payments)

1) 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.

2) 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.

3) 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.

4) 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.

5) 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).

Minimum Experience Level

8 - 13 years

Job Qualifications

Post Graduate

Group company: ABC Digital Ltd. · Function: Finance & Accounts · Experience: 8 to 13 years