Purpose of the Job :

- Review the entity level Trial Balance and Balance Sheet Schedules.

- Review of Loan Accounting Schedules, Ageing and ensure closure of open items.

- To assist the team in implementing the IND AS requirements and make changes to Schedule of Accounts.

- Assist in Income Analysis and preparing product profitability of Unsecured and Secured Products.

- Handling the Statutory and Internal audits for Loan Accounting process.

- Review of Assignment and Securitization deal related accounting processes.

- To do a detail monthly review of the GL balances and raises issues if any. Take all the issues to closure and maintain the detailed issue tracker.

- Define the complete set of accounting entries in the Loan Management system for the new product.

- To review control at various stages of product life cycle after going through the product program.

- Verify product maintenance made by operations and confirm on the correctness.

- Tracking all the enhancements in system required from Fincon on loan accounting.

- Maintain monthly issue tracker. Lead the monthly meeting with Tech & Ops to discuss the issues raised during the month and track the issues till the root cause is permanently fixed.

- Periodic UAT of the standard reports based on customer based GL codes.

- Manage the GL maintenance, validate income computation and perform sampling to ensure no revenue leakages.

- Validation of manual entries & verification of rectification entries passed in LMS

Describe the KPIs against each perspective.

Business and Financial Management :

Assist in Income Analysis and preparing product profitability of Unsecured and Secured Products. Handle Statutory, Group and Internal audit for loan accounting, analyze revenue and ensure all the revenue GL balances are correct at the reporting date. Responsible to ensure that all Customer GL balances are in sync with the transaction system balance.

Customer Focus : Need to coordinate with various departments and resolve queries raised on product, loan accounting & GL Maintenance.

People / Team : Coordinate with technology Staff on loan accounting system and constantly educate them on the changes in process.

Process / Quality Improvement : Track & ensure that all loan accounting events are trigged timely and all the appropriate entries are posted in the correct GL.

Other aspects of the job not covered by the above but necessary to have a full understanding of it are :

Required Skills :

1. Sharp Analytical Skills

2. Takes ownership and have problem solving ability

3. Knowledge of Loan Accounting Cycle

4. Good MS Excel skills

Expertise required/ Domain Knowledge :

1. Must be a Chartered Accountant

2. Must have worked on FinnOne Application Accounting

No. of years of relevant experience : 2 - 3 + yrs

Any specific specialization/education : CA qualified

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