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Full-time
bachelor degree, professional certificate
Posted 8d ago
~40 hrs/week
Responsibilities
The role involves preparing financial analyses, quantifying opportunities, and managing payout files and GL reconciliations for assignee banks. It also includes maintaining MIS systems and generating analytical reports to support senior management decision-making.
Requirements
Candidates must be a Chartered Accountant with a bachelor's degree in Commerce, Science, Arts, or Management. A minimum of 5 to 10 years of relevant experience in financial operations is required.
Full job description
Job Requirements
Job Title: Senior Financial Operations Analyst
Department/Function: Finance
Job Purpose
The Senior Financial Operations Analyst is responsible for preparing and establishing various financial analyses, quantifying opportunities, projecting financial outcomes, and calculating capital adequacy. The role supports management by providing accurate and timely financial data within established standards and guidelines. The analyst maintains the MIS system, generates periodic analytical reports to facilitate decision-making, liaises with different functions for financial analysis support, and performs ad-hoc financial analyses as requested by senior management.
Role and Responsibilities
Ensuring verification of payout files basis control check points and verification of payout files basis comparison with reversal entries which gives amount payable to assignee banks on monthly basis for all assignee banks which ensures that we are paying correct amount to assignee banks.
Preparation of various details & annexures as required by assignee banks. Preparation of GL recon for all assignee banks on monthly basis. Identifying reasons for differences in balance as per payout and as portfolio report and resolving the same.
Resolving queries and coordinating with internal team and assignee bank for various certificate requirements as received from assignee banks and sharing details with auditors.
Verification of monthly entries as prepared by Team. Auditing of payout reports on monthly basis. Preparation of Disclosure on transfer of loan exposures.
Preparing monthly entries such as creating payables for assignee banks, Payout entries, EIS & SF income entries.
Resolving pending unreconciled bank recon items.
Responsible for the reconciliation and resolution of outstanding items in PSU bank current accounts used for payout transfers, ensuring accurate allocation of funds by assignee banks against loan accounts and timely closure of discrepancies.
Analysis of POS & interest differences as per portfolio and as per payout. Analysis of POS & interest differences as per payout & Loan statements as received from assignee banks.
Submission of quarterly data requirements to internal teams.
Strong analytical skills.
Attention to detail and accuracy in financial reporting.
Ability to work collaboratively across teams.
Effective communication and problem-solving skills.
Proficiency in maintaining MIS systems and generating analytical reports.
Educational Qualifications:
Professional Qualification - Chartered Accountant
Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)
For any bank-related queries, please email us at [email protected] or call 1800 10 888 (Toll free).
Industry
Banking
Company size
10,001+ employees
Founded
2015
Headquarters
Mumbai, Maharashtra
LinkedIn followers
1,798,438
Total funding
$1.8B
**Never share your password, OTP, UPI Pin, CVV etc with anyone.**
Formed in December 2018 through the merger of infrastructure finance giant IDFC Bank and retail finance specialist Capital First, we commenced commercial banking operations in 2016. Our core principles:
Vision: Building a world-class bank in India, driven by ethical, customer-friendly, digital, and socially responsible banking principles.
Universal Bank: Offering a comprehensive range of services like Retail, MSME, Rural, Startups, Cash & Wealth Management, Deposits, Corporate & Government Banking, Working Capital, Trade Finance, and Treasury Solutions.
Ethical Banking: We follow a 'Near and Dear' test, ensuring products are customer-friendly enough for employees to recommend to loved ones. We simplify legal jargon for clarity and offer 'ZERO FEE Banking' on all savings account services like SMS alerts, IMPS, RTGS, NEFT, ATM withdrawals, and more, making it India’s 1st & only bank to do so.
Customer-Friendly Banking: IDFC FIRST Bank credits monthly interest on savings accounts, offers lifetime-free credit cards with non-expiring rewards and transparent fees.
Technology-led Banking: Seamless services across mobile, branches, internet banking, call centres, & relationship managers. Our mobile app, with 250+ features, is rated 4.8 on Google Play & the App Store.
Global rating agency Forrester ranked it India’s best & among the world’s top 20 for two consecutive years.
Social Good Banking: Focusing on financial inclusion, we serve 40M+ customers, with 16M lifestyle improvement loans,15M loans to 4.3M women entrepreneurs, 6.5M vehicle loans, 1M each for sanitation & livelihood, 300K SME, and 100K home loans.
ESG Goals: We hold high ESG scores, demonstrating our commitment to financial inclusion & social responsibility.
Creating a new-age, ethical and world-class institution for India is a privilege for its employees.
Offices: IDFC FIRST Bank Tower, The Square, C-61, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai, Maharashtra 400 051, IN
For any bank-related queries, please email us at [email protected] or call 1800 10 888 (Toll free).
Industry
Banking
Company size
10,001+ employees
Founded
2015
Headquarters
Mumbai, Maharashtra
LinkedIn followers
1,798,438
Total funding
$1.8B
**Never share your password, OTP, UPI Pin, CVV etc with anyone.**
Formed in December 2018 through the merger of infrastructure finance giant IDFC Bank and retail finance specialist Capital First, we commenced commercial banking operations in 2016. Our core principles:
Vision: Building a world-class bank in India, driven by ethical, customer-friendly, digital, and socially responsible banking principles.
Universal Bank: Offering a comprehensive range of services like Retail, MSME, Rural, Startups, Cash & Wealth Management, Deposits, Corporate & Government Banking, Working Capital, Trade Finance, and Treasury Solutions.
Ethical Banking: We follow a 'Near and Dear' test, ensuring products are customer-friendly enough for employees to recommend to loved ones. We simplify legal jargon for clarity and offer 'ZERO FEE Banking' on all savings account services like SMS alerts, IMPS, RTGS, NEFT, ATM withdrawals, and more, making it India’s 1st & only bank to do so.
Customer-Friendly Banking: IDFC FIRST Bank credits monthly interest on savings accounts, offers lifetime-free credit cards with non-expiring rewards and transparent fees.
Technology-led Banking: Seamless services across mobile, branches, internet banking, call centres, & relationship managers. Our mobile app, with 250+ features, is rated 4.8 on Google Play & the App Store.
Global rating agency Forrester ranked it India’s best & among the world’s top 20 for two consecutive years.
Social Good Banking: Focusing on financial inclusion, we serve 40M+ customers, with 16M lifestyle improvement loans,15M loans to 4.3M women entrepreneurs, 6.5M vehicle loans, 1M each for sanitation & livelihood, 300K SME, and 100K home loans.
ESG Goals: We hold high ESG scores, demonstrating our commitment to financial inclusion & social responsibility.
Creating a new-age, ethical and world-class institution for India is a privilege for its employees.
Offices: IDFC FIRST Bank Tower, The Square, C-61, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai, Maharashtra 400 051, IN