Bank Reconciliation Account Executive Retail

Role & 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.

Preferred candidate profile

• Bachelors 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