Role: Revenue Assurance and Regulatory Reporting – Finance – (Senior Manager)
Location: Gurgaon
Reporting to: Finance/Business Controller
Role Objective
To ensure accurate, timely RBI regulatory reporting and end-to-end revenue assurance for the NBFC by validating data integrity, income recognition, interest calculations, and leakage controls across systems.
Roles & Responsibilities
- RBI Regulatory Reporting
- Own preparation, review, and submission of RBI returns, including but not limited to:
- NBS-1, NBS-2, NBS-7
- Statutory returns and ad-hoc RBI data requests
- CKYC / CRILC data validation (from finance perspective)
- Ensure data consistency across RBI returns, financials, and MIS.
- Track and implement changes in RBI guidelines impacting reporting.
- Act as primary SPOC for RBI inspections on reporting and data matters.
- Revenue Assurance & Income Integrity
- Ensure correct interest income recognition in line with:
- Loan terms
- Ind-AS / NBFC norms
- RBI income recognition guidelines
- Validate:
- Interest accruals
- Penal interest
- Processing fees and other charges
- Identify and plug revenue leakages due to system issues, incorrect configurations, or operational lapses.
- Reconciliations & Data Controls
- Oversee critical reconciliations impacting revenue:
- LMS vs GL
- Bank collections vs system postings
- Fee income and interest reversals
- Ensure maker-checker controls and exception tracking.
- Partner with accounting team for timely resolution of breaks (without owning book closure).
- System & Product Controls
- Work with tech/product teams to:
- Validate LMS configurations for interest, EMI schedules, and charges.
- Ensure correct treatment for restructures, pre-closures, moratoriums, NPAs.
- Participate in UAT for new products or system changes impacting revenue or reporting.
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