National Payments Corporation of India (NPCI), an umbrella organisation for retail payments in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) and is authorised under the provisions of the Payment and Settlement Systems Act, 2007 for providing payment and settlement systems in India. Considering the utility nature of NPCI, it has been incorporated as a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013), with an intention to provide best in class digital payment infrastructure by creation of efficient and innovative retail payment platforms.
NPCI has recently set up two wholly owned subsidiaries, namely, NPCI International Payments Limited (NIPL) and NPCI Bharat BillPay Limited (NBBL) with the objective of adoption of NPCI’s payment platforms globally, and to create a Unified Bill Payment Infrastructure within India, respectively.
The role will be covering entity level FP&A, management reporting and planning processes and provides an opportunity to interact with key stakeholders at NPCI group.
Key responsibilities:
Financial Planning & Analysis: Assist in the annual budgeting and forecasting processes for OPEX and CAPEX. Develop and maintain financial models to support strategic initiatives. Analyse financial results, variances vs budget at various levels/dimension, identify trends, and provide actionable insights and commentary to the Sr. management.
Contribute to the rolling forecast process: Provide updates to input templates as needed; coordinate with business partners to ensure reliable forecast; implement controls to validate integrity of forecast.
Perform detailed cost allocation based on set guidelines and continually work to improve internal cost framework.
Management Reporting: Prepare monthly, quarterly, and annual financial reports for senior management. Take ownership of the monthly P&L and interact with representatives within finance, to ensure completeness and accuracy of underlying accounted information; verify that cost centers and other financial dimensions are appropriately assigned.
Dynamic performance management: Drive rationalization and movement of budget across functions to support functional budgetary requirements while fueling growth and overall budget management.
Facilitate commercial clearance of Purchase requisitions (PR), Purchase orders (PO) and other financial transactions.
Stakeholder Management: Business partnering across the entity with cross functional stakeholders for decision making, P&L analysis and optimisation opportunities. Foster strong working relationships across different teams and departments.
Process Improvement: Identify and implement process improvements to promote automation and enhance efficiency and effectiveness of the FP&A function. Develop and standardize financial reporting tools and dashboards. Help maintain standard operating procedures (SOP) related to FP&A on collaboration tools such as SharePoint/MS One note. Acquire in-depth knowledge of Microsoft D365 ERP and create ad hoc reports, as well as refine existing reports to meet specific needs. Leverage AI-powered forecasting tools and algorithms to build predictive financial models and improve rolling forecast accuracy. Use AI utilities to identify hidden trends, data anomalies, and variance drivers across financial datasets to automate monthly/quarterly P&L commentary and draft executive summaries.
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