Assistant Manager / Manager (Finance) Job in Bangalore at Niyo Solutions Inc.

Key Responsibilities:

• Procurement-to-Pay (P2P) Cycle: Manage the end-to-end P2P process, ensuring all invoices are matched against Purchase Orders (PO) and Goods Receipt Notes (GRN). 
• Forex Vendor Settlements: For an AD2 entity, manage specialized payments to overseas partners and domestic forex wholesalers, ensuring adherence to LRS (Liberalised Remittance Scheme) limits. 
• Tax Compliance: Ensure accurate deduction and timely deposit of TDS (Tax Deducted at Source) and accounting for GST Input Tax Credit (ITC). 
• Employee Reimbursements: Oversee the processing of travel and business expense claims via automated tools (e.g., Keka, Happay). 
• Revenue Recognition: Ensure revenue from commissions, markups, and platform fees is recorded in accordance with Ind AS 115. 
• Invoicing & Collections: Generate automated invoices for B2B corporate clients (e.g., companies using forex cards for employees) and follow up on overdue payments. 
• Credit Management: Monitor customer/partner credit limits and perform periodic ageing analysis to identify potential credit risks or bad debts. 
• Refund Management: Manage the complex refund workflow for failed forex transactions or cancelled remittance orders, ensuring funds reach the customer within RBI-mandated timelines.  
• Three-Way Reconciliation: Perform daily "Bank vs. Internal Ledger vs. Partner/Switch" reconciliation for all digital transactions from business branches. 
• Nodal & Escrow Monitoring: Maintain daily logs of Nodal/Escrow accounts as per RBI guidelines, ensuring that customer money is never co-mingled with corporate funds.
• AD2 Inventory Recon: Reconcile foreign currency stocks (physical cash and prepaid card balances) across various branches and digital wallets.
• Settlement Gap Analysis: Identify "broken" transactions or settlement delays from payment gateways and coordinate with the Tech/Product team to resolve systemic bugs.  

Qualification & Experience:

• Education: B. Com/ M. Com/ MBA-Finance or Semi-CA. 
• Experience: 4–7 years in Revenue Operations or AR within a high-volume digital transaction environment. 
• Skills: Expertise in Excel-based data modeling and CRM-integrated accounting. 

Niyo is an Indian Fintech company leading innovations in #Travel and #Finance. With over 6 million users already on board, our aim is to make both travel and managing finance simpler, smarter and safer.

Since its inception in 2015, Niyo has been at the forefront of revolutionising banking with continued digital innovation.