Manager – Financial Vetting, Governance & Compliance

NSDC, as a Section 8 Government Companyunder the Ministry of Skill Development and Entrepreneurship (MSDE), operates alarge network of Training Partners, Assessment & Accreditation (A&A)Agencies, Sector Skill Councils (SSCs), and Assessment Agencies, with recurringfinancial disbursements tied to physical and outcome-based deliverables. The VP– Operations (Government Programs) is accountable to MSDE and other ministriesfor the integrity and defensibility of all payment approvals routed throughOperations, spanning Training, Accreditation & Affiliation, Monitoring& Evaluation, and Assessment verticals.

This position is created to embed aqualified, independent financial vetting resource within the Operationsfunction — someone who can pre-validate, reconcile, and certify financialtransactions and payment proposals before they reach the VP for approval,ensuring due process, transparency, and compliance with Government FinancialRules (GFR), General Terms & Conditions of Contracts, CVC guidelines, andNSDC's internal Delegation of Financial Powers (DOFP), while liaising closelywith the Finance Department (which retains custody and control of actual funddisbursement).

The role is designed as a bridgefunction — protecting the VP's financial accountability to MSDE/ministries byensuring every transaction routed for approval is vetted, documented, andaudit-ready, while maintaining constructive coordination with Finance, whichcontinues to independently process and discharge payments.

•     Chartered Accountant (CA) — mandatory, member of ICAI, qualifiedand currently holding a valid Certificate of Practice or eligible to work inindustry.

•     Additional qualifications preferred (not mandatory): DISA/CISA,Certificate Course on GFR/Public Financial Management, CPFA, or exposure toGovernment Accounting Standards.

•     Minimum 5–8 years post-qualification experience, with at least 3years in one of the following:

•     Government/PSU/autonomous body financial operations, or

•     Internal audit / statutory audit of government-funded programs,or

•     Grant/fund management in a donor-funded, CSR, or governmentscheme environment.

•     Demonstrated working knowledge of GFR 2017, CVC guidelines, GeMprocurement, and government contract/payment terms.

•     Prior exposure to the skill development ecosystem,education/training sector payments, or output-linked disbursement models ishighly desirable.

•     Experience reconciling large volumes of vendor/partner paymentsagainst physical and financial progress (milestones, batches, certifications)is a strong plus.

•     Strong command over financial vetting, reconciliation, andvariance analysis.

•     Working knowledge of accounting standards, TDS/GST implicationson partner payments, and government audit requirements (CAG, statutory,internal).

•     High personal integrity and ability to work independently, sincethe role involves flagging discrepancies even under approval pressure.

•     Strong stakeholder coordination skills — this role succeeds onlythrough sustained coordination with the Finance Department, which retainsprocess ownership.

•     Ability to synthesize complex, multi-vertical financial data(Training, A&A, M&E, Assessment) into clear, decision-ready notes forthe VP.

•     Proficiency in MS Excel (Advanced Level) and Data Management —including pivot tables, advanced formulas/lookups, data validation, andlarge-dataset reconciliation across multiple stakeholder categories.

•     Exposure to ERP/financial systems used in government bodies isan advantage.

A. Pre-ApprovalFinancial Vetting

•     Independently vet every financial transaction/payment proposaloriginating from Operations verticals (Training, Accreditation &Affiliation, M&E, Assessment) before it is placed for the VP's approval.

•     Verify computations of payments due to Training Partners,A&A Agencies, SSCs, and Assessment Agencies against approved rate cards,MoUs/agreements, and achieved milestones.

•     Cross-check supporting documents (utilization certificates,batch/candidate data, physical progress reports, third-partyverification/inspection reports) for completeness before recommending a casefor approval.

•     Prepare a vetting note/checklist for each transaction, flaggingdeviations, missing documentation, or process gaps for the VP's attention.

B. Process& Compliance Assurance

•     Ensure every payment routed through Operations follows dueprocess under GFR, NSDC's Delegation of Financial Powers, and applicable schemeguidelines/MSDE directives.

•     Maintain a standard Standard Operating Procedure (SOP) andchecklist for each category of stakeholder payment (Training Partner, A&AAgency, SSC, Assessment Agency), and ensure consistent application acrossverticals.

•     Track and highlight recurring compliance gaps or process risksto the VP, with corrective recommendations.

C. Coordinationwith Finance Department

•     Serve as the primary coordination point between Operations andthe Finance Department for all payment-related matters — since Financeindependently controls and discharges actual disbursement.

•     Proactively follow up with Finance on transaction status,queries, and clarifications, minimizing delays caused by fragmentedcommunication.

•     Reconcile Operations' records (approvals, commitments,milestones) with Finance's disbursement data periodically to identifymismatches early.

•     Build a professional, non-adversarial working relationship withFinance to enable smoother information flow, recognizing Finance's independentcustodianship of financial data.

D. MIS,Reporting & Audit Readiness

•     Maintain a running MIS/dashboard of all payment proposalsvetted, approved, pending, and disbursed — vertical-wise andstakeholder-category-wise.

•     Support the VP in responding to queries from MSDE, otherministries, CAG audit, internal audit, and statutory auditors on financialmatters pertaining to Operations.

•     Maintain complete, audit-ready documentation trails for everytransaction vetted, to protect the defensibility of approvals.

•     Assist in periodic reconciliation and closure of accountspertaining to stakeholder payments (Training Partners, A&A Agencies, SSCs,Assessment Agencies).

E. AdvisorySupport to VP – Operations

•     Advise the VP on financial risk, exceptions, and processdeviations before approval, functioning as an internal financialcheck-and-balance.

•     Support preparation of financial briefs/notes for MSDE andministry-level reviews, presentations, and audits.

•     Recommend process improvements to strengthen transparency andreduce turnaround time for stakeholder payments.