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General Ledger Substantiation- Team Lead

12 years

0 Lacs

Noida Uttar Pradesh India

Posted:1 day ago| Platform: Linkedin logo

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Skills Required

finance reports integrity compliance data reconciliations payments documentation audit support reporting training reconciliation automate excel macros erp audits analyze monitoring accounting regulations sap communication leadership

Work Mode

On-site

Job Type

Full Time

Job Description

Job Title: General Ledger Substantiation - Team Lead

Department: Finance

Location: Noida

Reports To: Head of Financial Control

Job Purpose:

To lead the General Ledger Substantiation team in ensuring the accuracy, integrity, and compliance of financial data across the bank’s ledger accounts. This role is critical in maintaining trust with regulators like the RBI and ensuring the bank’s financial statements reflect true and fair values.

Key Responsibilities:

GL Substantiation & Reconciliation:

  • Oversee daily, monthly, and quarterly reconciliations of all general ledger accounts, especially those related to payments operations (e.g., customer deposits, wallet balances, settlement accounts)
  • Ensure timely resolution of aged items and discrepancies in ledger accounts
  • Maintain robust documentation and audit trails for all reconciliations

Regulatory Compliance:

  • Ensure GL substantiation aligns with RBI guidelines and other applicable financial regulations
  • Support regulatory reporting teams with accurate ledger data for filings such as CRR/SLR, balance sheet disclosures, and transaction-level reporting

Team Leadership:

  • Lead and mentor a team of accountants and analysts
  • Set performance goals, conduct reviews, and provide training on reconciliation tools and regulatory standards
  • Foster a culture of accountability and continuous improvement
Process Improvement & Automation:
  • Identify opportunities to automate reconciliation processes using tools like Excel macros or ERP modules

Stakeholder Engagement:

  • Liaise with internal departments such as Treasury, Operations, Accounts Payable and Receivable to ensure ledger accuracy
  • Act as a key contact for internal and external audits related to GL substantiation
Reporting & Analysis:
  • Provide daily, monthly substantiation dashboards and exception reports to senior management
  • Analyze trends in reconciliation issues and recommend preventive measures
  • Real time monitoring of critical GLs

Qualifications & Skills:

  • CA with 7–12 years of experience in financial control, GL accounting, or reconciliation, preferably in a payments bank or fintech
  • Strong understanding of RBI regulations, payments systems (IMPS, UPI, NEFT), and banking operations
  • Proficiency in SAP, reconciliation tools, and advanced Excel
  • Excellent analytical, communication, and leadership skills

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