Hiring For Lead Associate - Fixed Deposit Investment Backend Operation
- NOVAC
- 2 - 3 years
- Mumbai
- 2 months ago
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Job Description
Greetings from Novac !
Join one of India's Top 100 Best Companies to Work for, Novac Technology Solutions Private Limited. As a digital transformation and cloud solutions company with expertise in various industry segments, we innovate and create a niche for organizations in an ever-evolving landscape.
Novac is now hiring for a Lead Associate - Fixed Deposit Investment Backend Operations!
Please read the eligibility criteria before applying:
Job Title: Lead Associate Fixed Deposit Investment Backend Operations
Department: Centralized Investment Operations
Location: Navi Mumbai (Ghansoli Mahape)
Experience Required: 23 years in Banking / Financial Services
Key Responsibilities:
- Handle end-to-end backend processing of fixed deposit (FD) investments including creation, renewal, closure, and maturity-related activities.
- Coordinate with banks, financial institutions, and internal teams for FD booking, interest rate updates, TDS management, and documentation.
- Ensure compliance with internal control standards, KYC/AML guidelines, and regulatory requirements related to FD investments.
- Reconcile fixed deposit transactions and maintain accurate records in the core banking/investment management system.
- Assist in managing client queries and requests routed through the centraloperations helpdesk or CRM tools.
- Generate and validate reports related to interest payouts, maturity schedules, MIS summaries, and exception reports.
- Identify process improvement opportunities and contribute to automation and standardization initiatives.
- Support internal and external audits by providing necessary data and explanations.
- Train and guide junior associates as needed, and act as a point of escalation for operational issues.
Key Skills & Competencies:
- Strong understanding of fixed deposit products and backend operational workflows.
- Familiarity with banking systems, reconciliation processes, and investment lifecycle management.
- Proficient in MS Excel, MIS reporting and data validation.
- Working knowledge of compliance regulations related to deposits, including KYC, TDS and RBI guidelines.
- Strong attention to detail, process-oriented thinking, and time management.
- Good verbal and written communication skills.
Educational Qualifications:
- Graduate/Postgraduate in Commerce, Finance, Banking, or related fields.
- Additional certification in banking operations or investment management is a plus.
NOTE: Candidates who applied for last 6 months are not eligible.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: BFSI, Investments & TradingRole Category: Banking OperationsRole: Banking Operations - OtherEmployement Type: Full timeContact Details:
Company: NOVACLocation(s): Mumbai
Keyskills: KYC Fixed Deposits Aml Recurring deposits MIS Reporting
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NOVAC
Innovaccer Inc. is the #1 data platform for value-based care. The Innovaccer platform unifies patient data across systems and care settings, and empowers healthcare organizations with scalable, modern applications that improve clinical, financial, operational, and experiential outcomes.
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