Banking and Finance Executive

savannahr.com

2-4 YrsMumbai

Full TimeCollection Manager

Job Description

Job Scope / Position Summary

We are seeking a detail-oriented and organized Banking Operations Specialist to join our company. As a crucial member of our banking and finance team, you will be responsible for handling authorized signatory documentation, bank reconciliation, banking correspondences, bank rate negotiation, and preparing monthly Management Information System (MIS) reports. This role requires a strong understanding of banking procedures, regulatory compliance, and financial analysis. If you possess excellent organizational skills, attention to detail, and knowledge of banking operations, we invite you to apply for this rewarding position.

Main Responsibility

1. Authorized Signatory Documentation Management:

  •  Oversee authorized signatory documentation, ensuring compliance with banking regulations and internal
  • policies.
  •  Maintain an organized database of authorized signatory documents.
  •  Collaborate with internal departments and external parties to facilitate smooth documentation processes.

2. Bank Reconciliation:

  •  Perform bank reconciliations, verifying financial transactions and resolving discrepancies.
  •  Obtain bank statements from the respective banks.
  •  Confirm account balances by comparing company records with bank statements.
  •  Collaborate with the finance team to ensure accurate and timely reconciliation adjustments.
  •  Enhance bank reconciliation processes for efficiency and accuracy.

3. Banking Correspondences:

  •  Manage and draft professional communication with banks and financial institutions.
  •  Respond promptly to inquiries and requests for information.
  •  Cultivate strong relationships with banking partners.

4. Bank Statement and Balance Confirmations:

  •  Obtain bank statements from the respective banks.
  •  Confirm account balances by comparing company records with bank statements.
  •  Perform regular balance confirmations with banks to ensure accuracy and reconcile any discrepancies.
  •  Collaborate with the finance team to ensure accurate and timely reconciliation adjustments.
  •  Enhance bank reconciliation processes for efficiency and accuracy.

5. Monthly MIS Reports:

  •  Prepare monthly MIS reports, providing valuable financial insights.
  •  Analyze financial data and present findings to senior management.
  •  Contribute to strategic financial planning and performance evaluation.

6. General Responsibilities:

  •  Maintain confidentiality and handle sensitive information discreetly.
  •  Support ad-hoc financial analysis and reporting tasks.
  •  Stay updated on industry trends and banking regulations.

Qualification and Experience Requirement

1. Bachelor’s degree in finance, accounting, business administration, or a related field.

2. Previous experience in banking operations, including authorized signatory documentation, bank reconciliation, banking correspondences, bank statement and balance confirmations, and MIS reporting preferred.

3. Strong knowledge of banking procedures and regulatory compliance.

4. Excellent attention to detail and organizational skills.

5. Effective interpersonal and communication abilities.

6. Proficiency in relevant software and databases.

7. Self-motivated and proactive with strong problem-solving skills

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