General Ledger Substantiation- Team Lead

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Bank Jobs
1 month
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ID: 877701
Published 1 month ago by Paytm Payments Bank
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Department: Finance

Location: Noida

Reports To: Head of Financial Control

Job Purpose:

To lead the General Ledger Substantiation team in ensuring the accuracy, integrity, and compliance of financial data across the bank’s ledger accounts. This role is critical in maintaining trust with regulators like the RBI and ensuring the bank’s financial statements reflect true and fair values.

Key Responsibilities:

GL Substantiation Reconciliation:
• Oversee daily, monthly, and quarterly reconciliations of all general ledger accounts, especially those related to payments operations (e.g., customer deposits, wallet balances, settlement accounts)
• Ensure timely resolution of aged items and discrepancies in ledger accounts
• Maintain robust documentation and audit trails for all reconciliations

Regulatory Compliance:
• Ensure GL substantiation aligns with RBI guidelines and other applicable financial regulations
• Support regulatory reporting teams with accurate ledger data for filings such as CRR/SLR, balance sheet disclosures, and transaction-level reporting

Team Leadership:
• Lead and mentor a team of accountants and analysts
• Set performance goals, conduct reviews, and provide training on reconciliation tools and regulatory standards
• Foster a culture of accountability and continuous improvement

Process Improvement Automation:
• Identify opportunities to automate reconciliation processes using tools like Excel macros or ERP modules

Stakeholder Engagement:
• Liaise with internal departments such as Treasury, Operations, Accounts Payable and Receivable to ensure ledger accuracy
• Act as a key contact for internal and external audits related to GL substantiation

Reporting Analysis:
• Provide daily, monthly substantiation dashboards and exception reports to senior management
• Analyze trends in reconciliation issues and recommend preventive measures
• Real time monitoring of critical GLs

Qualifications Skills:
• CA with 7–12 years of experience in financial control, GL accounting, or reconciliation, preferably in a payments bank or fintech
• Strong understanding of RBI regulations, payments systems (IMPS, UPI, NEFT), and banking operations
• Proficiency in SAP, reconciliation tools, and advanced Excel
• Excellent analytical, communication, and leadership skills Read more

Published on 2025/09/10. Modified on 2025/09/10.

Description

Department: Finance

Location: Noida

Reports To: Head of Financial Control

Job Purpose:

To lead the General Ledger Substantiation team in ensuring the accuracy, integrity, and compliance of financial data across the bank’s ledger accounts. This role is critical in maintaining trust with regulators like the RBI and ensuring the bank’s financial statements reflect true and fair values.

Key Responsibilities:

GL Substantiation Reconciliation:
• Oversee daily, monthly, and quarterly reconciliations of all general ledger accounts, especially those related to payments operations (e.g., customer deposits, wallet balances, settlement accounts)
• Ensure timely resolution of aged items and discrepancies in ledger accounts
• Maintain robust documentation and audit trails for all reconciliations

Regulatory Compliance:
• Ensure GL substantiation aligns with RBI guidelines and other applicable financial regulations
• Support regulatory reporting teams with accurate ledger data for filings such as CRR/SLR, balance sheet disclosures, and transaction-level reporting

Team Leadership:
• Lead and mentor a team of accountants and analysts
• Set performance goals, conduct reviews, and provide training on reconciliation tools and regulatory standards
• Foster a culture of accountability and continuous improvement

Process Improvement Automation:
• Identify opportunities to automate reconciliation processes using tools like Excel macros or ERP modules

Stakeholder Engagement:
• Liaise with internal departments such as Treasury, Operations, Accounts Payable and Receivable to ensure ledger accuracy
• Act as a key contact for internal and external audits related to GL substantiation

Reporting Analysis:
• Provide daily, monthly substantiation dashboards and exception reports to senior management
• Analyze trends in reconciliation issues and recommend preventive measures
• Real time monitoring of critical GLs

Qualifications Skills:
• CA with 7–12 years of experience in financial control, GL accounting, or reconciliation, preferably in a payments bank or fintech
• Strong understanding of RBI regulations, payments systems (IMPS, UPI, NEFT), and banking operations
• Proficiency in SAP, reconciliation tools, and advanced Excel
• Excellent analytical, communication, and leadership skills
Paytm Payments Bank
Paytm Payments Bank
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