Assistant Manager - Reconciliation

The Assistant Manager Reconciliation will oversee the reconciliation of co- lending transactions in partnership with lending institutions for an NBFC. The role involves managing end-to-end reconciliation processes, ensuring accuracy, timely reporting, and alignment with regulatory requirements. The position requires strong leadership to guide a team, effective stakeholder management, and an understanding of co-lending operations.

Key Responsibilities:

1. Team Leadership:

Manage and mentor a team, setting clear objectives and ensuring their professional growth.

Allocate tasks, monitor performance, and address challenges within the team.

2. Reconciliation Oversight:

Ensure accurate and timely reconciliation of co-lending transactions, including disbursements, collections, profit-sharing arrangements, FLDG settlement and reporting.

Identify discrepancies and resolve cross functional issues, collaborating with diverse teams to drive alignment and deliver integrated solutions.

Deep understanding of Portfolio Reconciliations and maintaining a robust framework of the same in alignment with co-lending agreements.

3. Stakeholder Management:

Liaise with partner banks, financial institutions, and internal teams (finance, operations, IT) to ensure seamless transaction management.

Provide regular updates and reports to senior management and partners regarding reconciliation statuses.

4. Process Improvement:

Evaluate and enhance existing reconciliation processes for better accuracy and efficiency.

Driving tech automations with cross functional teams to minimize manual interventions.

5. Regulatory Compliance:

Ensure adherence to regulatory guidelines and co-lending policies as prescribed by RBI and other relevant authorities.

Coordinate with compliance teams for timely audits and inspections.

6. Data Analysis and Reporting:

Analyse reconciliation data to identify trends, patterns, or potential risks.

Prepare detailed reports and dashboards for management review.

About Kissht:

Kissht,