Assistant Manager - Finance Operations & MIS

Role & responsibilities

1. Banking, CMS & Payment Operations

• Review and monitor online collections, offline collections, card collections, and CMS-related MIS reports.
• Ensure timely fund sweep and transfer of collections to corporate bank accounts.
• Coordinate with collection channel partners and banks for operational issues and timely credit of collections.
• Monitor SAP payment processing and bank payments.
• Review expected collection and payment reports and ensure timely execution of payments.
• Strengthen controls around payment processing and banking operations.

2. Management Information System (MIS) & Reporting

• Monitor collection efficiency for Bhiwandi and SMK operations.
• Prepare and review critical financial and operational MIS reports including:
• T&D Loss Reports
• Corporate Reports
• Revenue-related Daily and Monthly Reports
• Critical Performance Parameter Reports
• Energy Audit Reports
• Open Item Analysis Reports (RECC, FUSI, REGI, MTTE, etc.)
• Revenue, Collection, Payment and Debtors Reconciliation Reports
• HT MIS vs SAP Reconciliation Reports
• DRM Data Compilation and Review
• Review reports prepared by team members and ensure accuracy and timely submission.
• Prepare Board and Corporate Management Reports.

3. Reconciliation Management

• Review and validate customer collection data and bank data.
• Ensure timely completion of bank reconciliations and SMK reconciliations.
• Identify exceptions and coordinate with stakeholders for resolution.
• Implement controls to minimize reconciliation differences and ageing items.

4. Compliance & Financial Controls

• Review KPI data and monitor cash payment controls.
• Review TDS postings declared by consumers through relevant portals.
• Ensure timely accounting of TDS-related outstanding bills and statutory compliance requirements.
• Assist in investigation and resolution of fraud-related cases and other control exceptions.
• Handle incoming correspondence and regulatory communications.
• Strengthen compliance processes and internal controls.

5. Audit Coordination

• Manage requirements of Internal, Statutory and Other Auditors.
• Arrange bank confirmations, cash confirmations, certificates, reconciliations, and CMS-related information.
• Ensure timely submission of audit schedules and supporting documents.
• Coordinate closure of audit observations within defined timelines.
• Provide explanations and supporting documentation for auditor queries.

6. Business Excellence & Process Improvement

• Develop and automate MIS and reconciliation reports.
• Lead initiatives for:
• Revenue, Collection and Debtors Reconciliation between SAP and HT MIS.
• Debtors Error Reporting and Analytics.
• Enhancement of BI Reports based on business requirements.
• Digital payment adoption initiatives in coordination with Customer Service and other departments.
• Improvement of collection efficiency monitoring mechanisms.
• Drive continuous process improvement and automation opportunities.

7. Team Management & Leadership

• Lead and mentor finance team members.
• Provide regular performance feedback and training.
• Ensure proper allocation of responsibilities and achievement of departmental objectives.
• Build a culture of accountability, compliance, and continuous improvement.

Desired Skills & Competencies

• Strong knowledge of Banking Operations, CMS, Fund Management and Payment Processes.
• Sound understanding of SAP Finance modules.
• Expertise in Financial MIS, Analytics and Dashboard Reporting.
• Strong reconciliation and financial control capabilities.
• Working knowledge of statutory compliances, TDS and audit requirements.
• Advanced Excel and data analysis skills.
• Strong stakeholder management and communication skills.
• Problem-solving mindset with attention to detail.
• Ability to manage multiple priorities within strict timelines.

Preferred candidate profile

• Chartered Accountant (CA) or Inter CA
• Minimum 8 years of relevant experience in finance, banking operations, MIS, reconciliation, audit, and compliance functions.
• Experience in power, utility, infrastructure, manufacturing, or large corporate environments will be preferred.