Job
Description
Greetings from Novac ! Join one of India's Top 100 Best Companies to Work for, Novac Technology Solutions Private Limited. As a digital transformation and cloud solutions company with expertise in various industry segments, we innovate and create a niche for organizations in an ever-evolving landscape. Novac is now hiring for a Lead Associate - Fixed Deposit Investment Backend Operations! Please read the eligibility criteria before applying: Job Title: Lead Associate Fixed Deposit Investment Backend Operations Department: Centralized Investment Operations Location: Navi Mumbai (Ghansoli Mahape) Experience Required: 23 years in Banking / Financial Services Key Responsibilities: Handle end-to-end backend processing of fixed deposit (FD) investments including creation, renewal, closure, and maturity-related activities. Coordinate with banks, financial institutions, and internal teams for FD booking, interest rate updates, TDS management, and documentation. Ensure compliance with internal control standards, KYC/AML guidelines, and regulatory requirements related to FD investments. Reconcile fixed deposit transactions and maintain accurate records in the core banking/investment management system. Assist in managing client queries and requests routed through the centraloperations helpdesk or CRM tools. Generate and validate reports related to interest payouts, maturity schedules, MIS summaries, and exception reports. Identify process improvement opportunities and contribute to automation and standardization initiatives. Support internal and external audits by providing necessary data and explanations. Train and guide junior associates as needed, and act as a point of escalation for operational issues. Key Skills & Competencies: Strong understanding of fixed deposit products and backend operational workflows. Familiarity with banking systems, reconciliation processes, and investment lifecycle management. Proficient in MS Excel, MIS reporting and data validation. Working knowledge of compliance regulations related to deposits, including KYC, TDS and RBI guidelines. Strong attention to detail, process-oriented thinking, and time management. Good verbal and written communication skills. Educational Qualifications: Graduate/Postgraduate in Commerce, Finance, Banking, or related fields. Additional certification in banking operations or investment management is a plus. NOTE: Candidates who applied for last 6 months are not eligible.
