Chartered Accountant - Escrow Account Monitoring & Reconciliation

- Understand the payment aggregator business and the RBI regulatory requirement around it.

- Understand the current system and processes w.r.t fund flow, escrow setup, receipt of funds, payment to merchants, reconciliation, etc

- Work with Product and technology teams and evaluate and build systems from scratch

- Oversee receipt of funds, ensure it is assigned to various systems and reconciled on a daily basis

- Monitor funds as assigned to various systems are closed within the agreed TAT

- Ensure the accounting entries are entered on a timely basis

- Monitor the payout and resolve any discrepancies on a timely basis

- Reconcile the escrow system to various systems to accounting system

- Develop and implement efficient and standardized workflows within team

- Develop periodic reports and publish to relevant stakeholders

- Cross functional coordination with internal stakeholders such as Product, Business, Technology, Operations teams to ensure any discrepancies are pointed out, escalated and resolved in timely manner.

Deliverables-

- Reconciled escrow balances

- Details for regulatory reporting