Senior Manager - Settlement Operation and Accounting

Senior Manager – Settlement Operations, Accounting & Compliance
Location: Bengaluru

Purpose of the role
The role is responsible for managing end-to-end settlement accounting operations, ensuring accurate financial accounting, statutory compliance, reconciliations, and stakeholder management. The incumbent will lead a large operations team and drive process efficiency, governance, and service delivery excellence. In addition to driving successful account management, it entails a special emphasis on excellence for an elevated delivery experience to the client across service lines. Assurance of right delivery solutions in a profitable manner is an integral part of the role.

• Manage daily accounting and reconciliation activities related to employee settlements and associated transactions.
• Ensure timely accounting and closure of open bank transactions, including payroll vendor payments for the US region.
• Lead month-end provisioning activities and coordinate closely with Finance Controllers to ensure accurate financial reporting.
• Ensure timely remittance of Provident Fund (PF) contributions for exited employees in compliance with statutory requirements.
• Manage operations across multiple functions, including Settlement Operations, Recovery Cell, Reconciliation, and Accounting.
• Proactively identify process challenges, analyze root causes, and implement sustainable solutions to improve operational efficiency.
• Partner with internal and external stakeholders to address accounting, operational, and compliance-related issues.
• Ensure adherence to internal controls, audit requirements, and financial governance standards.
• Lead, develop, and motivate a team of 30+ members across core and non-core functions.
• Lead the Offboarding team in the successful implementation and transition of the EC Payroll process, ensuring a successful go-live in March 2027.

• Bachelor of Commerce
• MBA (Accounting) is (minimum)
• ICWA/CA Inter (Desirable)

• 12-20 years of work experience
• Experienced in managing large multi-disciplined global operation.
• Expertise in settlement accounting, month-end close activities, provisioning, bank reconciliations, statutory remittances, and financial governance.
• Experienced in stakeholder management across Finance, HR, Payroll, Audit, Compliance, Treasury, and external vendors.
• Experience in global payroll transformation initiatives and finance process transitions, including EC Payroll implementation.
• Working experience in SAP and Success Factors is desirable.