Manager – Financial Vetting, Governance & Compliance

• Position Overview

• NSDC, as a Section 8 Government Company
• under the Ministry of Skill Development and Entrepreneurship (MSDE), operates a
• large network of Training Partners, Assessment & Accreditation (A&A)
• Agencies, Sector Skill Councils (SSCs), and Assessment Agencies, with recurring
• financial disbursements tied to physical and outcome-based deliverables. The VP

• Operations (Government Programs) is accountable to MSDE and other ministries

• for the integrity and defensibility of all payment approvals routed through
• Operations, spanning Training, Accreditation & Affiliation, Monitoring
• & Evaluation, and Assessment verticals.
• This position is created to embed a
• qualified, independent financial vetting resource within the Operations
• function — someone who can pre-validate, reconcile, and certify financial
• transactions and payment proposals before they reach the VP for approval,
• ensuring due process, transparency, and compliance with Government Financial
• Rules (GFR), General Terms & Conditions of Contracts, CVC guidelines, and
• NSDC's internal Delegation of Financial Powers (DOFP), while liaising closely
• with the Finance Department (which retains custody and control of actual fund
• disbursement).
• The role is designed as a bridge
• function — protecting the VP's financial accountability to MSDE/ministries by
• ensuring every transaction routed for approval is vetted, documented, and
• audit-ready, while maintaining constructive coordination with Finance, which
• continues to independently process and discharge payments.

• Essential Qualifications

• •Chartered Accountant (CA) — mandatory, member of ICAI, qualified
• and currently holding a valid Certificate of Practice or eligible to work in
• industry.
• •Additional qualifications preferred (not mandatory): DISA/CISA,
• Certificate Course on GFR/Public Financial Management, CPFA, or exposure to
• Government Accounting Standards.

• Experience

• •Minimum 5–8 years post-qualification experience, with at least 3
• years 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 government
• scheme environment.
• •Demonstrated working knowledge of GFR 2017, CVC guidelines, GeM
• procurement, and government contract/payment terms.
• •Prior exposure to the skill development ecosystem,
• education/training sector payments, or output-linked disbursement models is
• highly desirable.
• •Experience reconciling large volumes of vendor/partner payments
• against physical and financial progress (milestones, batches, certifications)
• is a strong plus.

• Key Skills & Competencies

• •Strong command over financial vetting, reconciliation, and
• variance analysis.
• •Working knowledge of accounting standards, TDS/GST implications
• on partner payments, and government audit requirements (CAG, statutory,
• internal).
• •High personal integrity and ability to work independently, since
• the role involves flagging discrepancies even under approval pressure.
• •Strong stakeholder coordination skills — this role succeeds only
• through sustained coordination with the Finance Department, which retains
• process ownership.
• •Ability to synthesize complex, multi-vertical financial data
• (Training, A&A, M&E, Assessment) into clear, decision-ready notes for
• the VP.
• •Proficiency in MS Excel (Advanced Level) and Data Management —
• including pivot tables, advanced formulas/lookups, data validation, and
• large-dataset reconciliation across multiple stakeholder categories.
• •Exposure to ERP/financial systems used in government bodies is
• an advantage.

• Key Roles & Responsibilities

A. Pre-Approval

Financial Vetting

• •Independently vet every financial transaction/payment proposal
• originating 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-party
• verification/inspection reports) for completeness before recommending a case
• for approval.
• •Prepare a vetting note/checklist for each transaction, flagging
• deviations, missing documentation, or process gaps for the VP's attention.

B. Process

& Compliance Assurance

• •Ensure every payment routed through Operations follows due
• process under GFR, NSDC's Delegation of Financial Powers, and applicable scheme
• guidelines/MSDE directives.
• •Maintain a standard Standard Operating Procedure (SOP) and
• checklist for each category of stakeholder payment (Training Partner, A&A
• Agency, SSC, Assessment Agency), and ensure consistent application across
• verticals.
• •Track and highlight recurring compliance gaps or process risks
• to the VP, with corrective recommendations.

C. Coordination

• with Finance Department
• •Serve as the primary coordination point between Operations and
• the Finance Department for all payment-related matters — since Finance
• independently controls and discharges actual disbursement.
• •Proactively follow up with Finance on transaction status,
• queries, and clarifications, minimizing delays caused by fragmented
• communication.
• •Reconcile Operations' records (approvals, commitments,
• milestones) with Finance's disbursement data periodically to identify
• mismatches early.
• •Build a professional, non-adversarial working relationship with
• Finance to enable smoother information flow, recognizing Finance's independent
• custodianship of financial data.
• D. MIS,

Reporting & Audit Readiness

• •Maintain a running MIS/dashboard of all payment proposals
• vetted, approved, pending, and disbursed — vertical-wise and
• stakeholder-category-wise.
• •Support the VP in responding to queries from MSDE, other
• ministries, CAG audit, internal audit, and statutory auditors on financial
• matters pertaining to Operations.
• •Maintain complete, audit-ready documentation trails for every
• transaction vetted, to protect the defensibility of approvals.
• •Assist in periodic reconciliation and closure of accounts
• pertaining to stakeholder payments (Training Partners, A&A Agencies, SSCs,
• Assessment Agencies).

E. Advisory

• Support to VP – Operations
• •Advise the VP on financial risk, exceptions, and process
• deviations before approval, functioning as an internal financial
• check-and-balance.
• •Support preparation of financial briefs/notes for MSDE and
• ministry-level reviews, presentations, and audits.
• •Recommend process improvements to strengthen transparency and
• reduce turnaround time for stakeholder payments.

• Key Performance Indicators (KPIs)

Area

KPI

Vetting

Turnaround

% of payment

proposals vetted within defined SLA (e.g., 2–3 working days of receipt)

Accuracy

• Number/value of
• computation or documentation errors caught before VP approval vs. errors
• detected post-approval

Compliance

• Zero/minimal audit
• objections (CAG, internal, statutory) attributable to Operations-routed
• payments

Documentation

% of vetted

transactions with complete, audit-ready documentation on file

Coordination

Efficiency

• Average turnaround
• time for Finance queries/clarifications resolved; reduction in payment delays
• attributable to Operations-Finance coordination gaps

Reconciliation

• Timeliness and
• accuracy of periodic reconciliation between Operations approvals and Finance
• disbursements

Process

Adherence

% of transactions

processed through the defined SOP/checklist without deviation

Stakeholder

Payment Cycle

Reduction in

average payment cycle time to Training Partners, A&A Agencies, SSCs, and

Assessment Agencies

Reporting

Timeliness and

quality of MIS/dashboards and audit-response support provided to VP