Account Executive

Job Title: Bank Reconciliation Account Executive – Retail

Responsibilities:

Conduct Daily Reconciliations:

Reconcile bank statements daily with store POS reports, ensuring that all payments received via cash, card, and UPI exactly match the amounts deposited in the bank.

Tally Customer Bills and Payments:

Review and reconcile individual customer account bills against payments received, promptly investigating and resolving any discrepancies.

Multi-Mode Payment Reconciliation:

Tally receipts from various payment modes (cash, credit/debit cards, UPI, wallets) and ensure accurate posting in the accounting system.

Coordinate with Store Teams:

Liaise with store managers and cashiers to verify sales, deposit slips, and daily closing reports.

Identify and Resolve Discrepancies:

Proactively identify mismatches between POS records, customer payments, and bank deposits, and take corrective action.

Maintain Accurate Documentation:

Ensure all reconciliation worksheets, transaction records, and supporting documents are accurately maintained for audit purposes.

Provide Daily Reconciliation Reports:

Prepare and submit daily reconciliation summaries and exception reports to management.

Support Audits:

Assist with internal and external audits by providing reconciled statements and transaction trails.

Process Improvements:

Suggest improvements to reconciliation and payment tracking processes to minimize errors and payment delays.

Requirements

- Bachelor’s degree in Accounting, Finance, Commerce, or relevant field.

- Minimum 2 years’ experience in retail accounting/reconciliation, preferably in multi-store operations.

- Strong experience with daily reconciliation of card, UPI, and cash transactions.

- Proficient in accounting software, ERP, and Excel (VLOOKUP, Pivot Tables, etc.).

- Excellent attention to detail and problem-solving abilities.

- Effective communication skills to coordinate with stores, management, and finance teams.

- Strong organizational skills to handle high transaction volumes daily.