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Team Lead, Financial Operations

Zoek Pin Nelamangala, Bangalore Rural, Karnataka

AS PER THE INDUSTRY

Permanent (Full time)

Team Lead, Financial Operations Location Bangalore Full-time About Us Razorpay is Indias first converged payments solution company. We are a payments layer for small and large businesses and support them in their financial digitization journey. Razorpays corporate culture is tied into the vision of building a workplace which breeds open communication and minimal bureaucracy. An equal opportunity employer, we welcome and encourage diversity in the workplace. One thing you can be sure of is that youll be surrounded by colleagues who are committed to helping each other grow. Our competitive advantage lies in the unique team that we are. What will you get to work on? As Team Lead- Financial Operations at Razorpay, you will have overall responsibility for Nodal/current account reconciliation, Bank Reconciliation, Exception handling and Daily/Monthly Reporting. Key Responsibilities Responsible to ensure that day to day operations in Operations involving reconciliation, exception handling and Bank account monitoring. To ensure revenue reporting and cost reporting are done in accordance with the process set-up. Bank MIS reconciliation with system data and matching of funds on daily basis. Co-ordinate with Banks for issues in reconciliation and payment related issues. Post Nodal /bank account reconciliation daily, provide day end summary to the accounting team for passing appropriate accounting entries. Maintaining Nodal/bank Account Health by keeping check on funds lying and Age analysis of the same. Work closely with Tech teams to understand where the daily MIS files are struck and ensure the same are ingested into the dashboard and attain a 100 PERCENT reconciliation. Also, find innovative ways of automation. Balancing and matching of the funds at day ends. Analyse the difference occurs and treatment of the same. Research and solve payment discrepancies. Resolve invalid or unauthorized deductions by following pending deductions procedures. Preparing Concurrent Audit report of Nodal Account to be submitted to Department of Payment and Settlement System, Reserve Bank of India, on a monthly or quarterly basis. Generate monthly, quarterly or annual financial statements and reports detailing paid and unpaid invoices and other accounts receivable activity. Month End Deliverables Cost reports, Gross margin analysis, What do we expect from you? Bachelors degree. 3-6 years of working experience in the field of Reconciliation and Merchant Settlement. Similar working experience in a Payment gateway/aggregator is a plus. Proficient in Microsoft Office suite of products specially MS Excel to handle large volumes of data. Motivated self-starter able to work independently with minimal supervision as well as cooperatively with others within and across functions.

Posted 7 days ago

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