Treasury & Bank Reconciliation Lead

Job Title: Analyst

Cluster: Finance & Accounts

Location: Gurgaon

No of Vacancy: 1

Description: We are looking for an Accounts Officer with 2-3 years’ experience. The candidate will be responsible for accurately and efficiently processing payments, ensuring compliance with company policies and procedures. This role is critical to maintaining the financial integrity of our organization and ensuring timely payments to vendors and suppliers.

Roles & Responsibilities:

Bank Reconciliation

1)     Perform daily, weekly, and monthly bank reconciliations for multiple high volume bank accounts.

2)     Investigate and resolve unreconciled transactions, outstanding items, and bank discrepancies.

3)     Coordinate with banks and internal stakeholders to resolve reconciliation exceptions.

4)     Ensure all reconciling items are appropriately tracked, documented, and cleared within defined timelines.

5)     Prepare reconciliation reports and dashboards for management review.

Banking Operations

1)      Monitor daily bank balances and cash positions.

2)      Assist in cash flow reporting and liquidity management activities.

3)      Support treasury transactions and bank administration activities.

4)      Maintain banking master data and authorized signatory record

5)      Preparation of all banking documents as and when required for KYC update, Signatories Change, Online offline banking, new Banks onboarding.

Controls & Compliance

1)      Ensure adherence to internal controls, delegation of authority, and company policies.

2)      Support audit requirements by providing reconciliations, payment records, and supporting documentation.

3)      Identify process gaps and recommend automation and process improvement initiatives.

4)      Ensure compliance with regulatory, tax, and banking requirements.

Others

1)     Ensure compliance with company policies, procedures, and regulatory requirements related to payment processing, including fraud prevention and data security.

2)     Respond to inquiries from vendors, suppliers, and internal stakeholders regarding payment status, and payment discrepancies in a timely and professional manner.

3)     Identify opportunities to streamline payment processes, improve efficiency, and enhance controls to mitigate risks.

4)     Monitor daily cash balances, prepare cash forecasts, and execute cash movements to ensure optimal liquidity management.

Qualifications and Skills:

1. Bachelor’s degree in finance, Accounting, or a related field.

1. Experience in treasury, payment processing and related fields.

1. Excellent communication skills, both written and verbal.

1. Knowledge of treasury management systems and banking platforms preferred.

1. Strong attention to detail and accuracy in data entry and record-keeping.

1. Knowledge of payment processing regulations and best practices preferred.

1. Proficiency in using Microsoft Excel.

1. Proficiency in using SAP.

Personal Attributes:

1. Analytical mindset and problem-solving skills.

1. Ability to work independently and collaboratively within a team.

1. Strong organizational and time-management skills.

1. Adaptability to changing financial landscapes and regulations.

1. Ethical and trustworthy with confidential financial information.