Finance Manager (Payments)

1) Treasury Cash Management

• FD for NDC Event Based
  • Execute/renew Fixed Deposits (FD) as required for NDC; maintain documentation and accounting entries.
  • Coordinate with banks; track maturity, lien, and interest accounting.
• NDC Funding T+3
  • Ensure funding requests are processed within T+3 ; maintain supporting schedules and approvals.
• Fund Movement Ongoing
  • Initiate and monitor fund movement from Collection A/c to Escrow per daily inflows/outflows and compliance thresholds.
  • Maintain maker checker controls and audit trail.
• Prefunding Requirement Daily Monitoring
  • Track prefunding levels and trigger topups to avoid transaction failures; maintain daily MIS.
• All Bank Account Monitoring Ongoing
  • Monitor balances, holds, charges, interest, and unusual activity across collection, escrow, NDC, and FDlinked accounts .

2) Accounting Reconciliations

• Bank Reconciliation Daily
  • Perform daily bank reconciliations for all PPIlinked accounts; clear open items, investigate variances, and pass rectification entries.
• Accounting in SAP Ongoing
  • Post daily journals, accruals, reversals, interaccount transfers, and settlement entries in SAP .
  • Maintain GL hygiene, proper cost center tagging, and monthly close schedules.
• Income Booking Payment Upload Ongoing
  • Book interchange/fee income , process payment uploads, and ensure correct TDS/GST implications.
  • Coordinate with Ops for settlement files; validate and post entries.

3) Invoicing GST Compliance

• Bill of Supply Ongoing
  • Prepare and issue Bill of Supply /invoice for eligible PPI services; ensure proper tax positions.
• Interchange Income GST Validation Invoicing Monthly
  • Validate monthly interchange income , apply correct GST rate placeofsupply , and issue invoices.
  • Reconcile with gateway/acquirer statements; manage credit notes, amendments, and GSTR linkages.
• GST Filing Monthly
  • Prepare workings (B2B/B2C, RCM if any), reconcile with books, and support timely GSTR filings with proofs and trail.

4) Regulatory Compliance

• RBI Quarterly Escrow Certificate Quarterly
  • Prepare workings and documentation for RBImandated Escrow certificate ; coordinate with bank/auditor for issuance.
  • Maintain evidence of compliance with PPI guidelines (utilization, settlement timelines, permitted debits/credits).
  • Assist in preparation of Net Worth Certificate.

5) Controls, Audit MIS

• Maintain maker checker controls across fund movements and postings.
• Prepare daily/weekly/monthly MIS on balances, prefunding, recon breaks, invoice status, and compliance calendars.
• Support internal/external audits , respond to queries with schedules and evidence.
• Drive process improvements (automation of reconciliations, templates in SAP, standard SOPs).

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