Accountant NBFC / Lending

Job Description

Key Responsibilities1. Loan & Lending Accounting* Record and maintain accounting entries for loan disbursements, repayments, interest income, processing fees, penalties and other lending-related transactions.* Maintain accurate borrower-wise and loan-wise ledgers.* Reconcile loan management system/loan book data with accounting records.* Track principal outstanding, interest receivable, overdue amounts and collections.* Ensure correct accounting of NPA/overdue loans, provisions and write-offs as applicable.* Monitor and reconcile daily loan disbursements and collections.2. Bank & Payment Reconciliation* Perform daily/weekly bank reconciliations.* Reconcile payment gateway, collection accounts and settlement accounts.* Identify and resolve discrepancies between bank statements, LMS/loan system and books of accounts.* Track failed, reversed and pending transactions.3. Financial Accounting* Maintain general ledger, accounts payable and accounts receivable.* Prepare monthly closing schedules and supporting statements.* Handle journal entries, accruals, prepayments and expense accounting.* Assist in preparation of Profit & Loss, Balance Sheet and Cash Flow statements.* Maintain proper documentation and audit trails for all financial transactions.4. NBFC Compliance & Reporting* Assist the finance team with RBI/NBFC-related financial reporting and compliance requirements.* Maintain schedules and data required for statutory, internal and regulatory reporting.* Coordinate with statutory auditors, internal auditors, tax consultants and other external professionals.* Ensure books and supporting documents are maintained in accordance with applicable accounting standards and regulatory requirements.5. MIS & Management Reporting* Prepare regular MIS covering: * Loan disbursements * Collections * Outstanding principal * Interest income * Overdues * Portfolio ageing * Write-offs/recoveries * Bank balances * Expenses and cash flow* Provide management with accurate financial data and variance analysis.* Support the management team in monitoring the overall financial health of the lending business.6. Taxation & Statutory Accounting* Assist with GST, TDS and other applicable tax compliances.* Coordinate with tax consultants for timely filing and reconciliation.* Maintain supporting documentation for statutory filings and audits.Required Skills & Experience* 25 years of experience in accounting, preferably within an NBFC, FinTech, lending company, microfinance institution or other financial services organisation.* Strong understanding of loan accounting and lending transactions.* Experience with bank reconciliation and high-volume transaction reconciliation.* Good knowledge of GST, TDS and statutory accounting.* Strong Excel skills, including Pivot Tables, VLOOKUP/XLOOKUP and reconciliation.* Experience working with an LMS/loan management system is highly preferred.* Knowledge of Tally / ERP / accounting software.* Strong attention to detail and numerical accuracy.* Ability to work with large transaction volumes and tight reporting timelines.Preferred CandidateThe ideal candidate should have previously worked in a lending/NBFC environment and understand how money moves through the complete loan lifecycle:Loan Application Approval Disbursement Repayment Interest/Fees Collections Overdue NPA/Provisioning Recovery/Write-offExperience in a digital lending/FinTech environment will be an added advantage.Education* B.Com / M.Com preferred.* CA Inter / CA / MBA Finance candidates may also be considered.* Relevant NBFC/lending accounting experience will be given higher weightage than qualification alone.Key Competencies* Financial accounting* Loan accounting* Bank reconciliation* NBFC accounting* MIS & reporting* GST & TDS* Audit coordination* Advanced Excel* Data accuracy* Analytical thinking* Ownership and accountabilityWhat We Are Looking ForSomeone who can own the accounting function for Zeds lending operations, rather than simply perform routine bookkeeping. The candidate should be comfortable working closely with the loan operations, collections, technology and management teams and should be able to identify discrepancies or financial risks proactively.

Keyskills :
book keepinggst