Team Member-Business Reconciliation Group

We are seeking a detail-oriented and proactive professional to manage borrowings and investment accounting operations. This role involves working with advanced financial systems, ensuring accurate reconciliations, and collaborating with multiple teams to maintain compliance and efficiency.

Key Responsibilities

• Manage day-to-day accounting for

  borrowings

  (Term Loans, Debentures, Subordinated Debt, Commercial Papers) using

  FinMechanics (FM)

  software.
• Ensure timely completion of finance charges such as

  interest expenses, processing fees, and amortization

  (EIR as per Ind AS 109).
• Handle

  investment accounting

  for Treasury Bills, Government Securities, Reverse Repo, Fixed Deposits, including interest income and accruals.
• Operate

  FinMechanics

  daily: review accounting reports and upload data into

  Oracle Fusion

  via interface reports.
• Maintain complete control over

  Bank Reconciliation

  , ensuring accurate reporting of open items and coordination with the treasury team.
• Reconcile operational control accounts, coordinate with operations and collections teams, and prepare monthly management reports.
• Utilize

  Excel reconciliation tools

  or automated applications for bank and control account reconciliations; continuously improve software functionalities.
• Prepare and deliver

  BRS MIS

  and GL reconciliations for control accounts.
• Collaborate with internal and external auditors for BRS audits, borrowings, investments, and finance charges reviews, ensuring compliance and implementing best practices.

Required Skills & Qualifications

• Education:

  CA Inter and Bachelor’s degree in Accounts.

• Experience:

  4–5 years in Financial Accounting, with a focus on managing day-to-day accounting entries, MIS, and reconciliations, preferably in the financial services industry.

• Technical Skills:

  Strong experience in

  borrowings and investment accounting

  .
• Hands-on expertise with

  FinMechanics

  and

  Oracle Fusion

  .
• Proficiency in

  bank reconciliation

  and control account reconciliations.
• Working knowledge of

  Ind AS 109

  and EIR calculations.
• Advanced

  Excel skills

  and experience with reconciliation tools.

• Analytical Abilities:

  Ability to interpret high-volume financial data and create presentations for senior management.

• Communication Skills:

  Excellent communication and interpersonal skills to collaborate with cross-functional teams and stakeholders.

• Leadership Skills:

  Strong leadership and team management abilities to drive a culture of excellence and transparency in financial reporting.