Banking Executive

Job Description

The successful candidate for the position of Banking/Treasury Executive will be entrusted with the following responsibilities: Treasury Management Tracking fund inflow and outflow, Daily updating fund balance sheet with daily receipt and payment Planning movement of funds as per requirement Preparation of budgeted Fund projection and taking CEO/CFO approval for Fund disbursement. Coordination with Financial Institutions for availing term loans for WC requirements, review of terms and conditions, paperwork, documentation, and execution of Agreement. Banking Recording receipts, recording processing employees, and vendor payments through the banking CMS process Coordination with bank personnel on a daily basis for banking-related tasks. Daily Bank reconciliation Coordination with banks financial institutions, Managing formalities and documentation related to fixed deposits, bank guarantees EMD. Adhering to timelines to ensure smooth accurate conduct of various banking activities. Tracking of FDs, BGs (including renewal) and EMDs. EMD-BG-Tender Deposit tracker update Monthly FD Interest working Periodical balance confirmation from banks and financial institutions. Submission of monthly Softex form with Export invoices in AD Bank. Checking pending bill status with the bank and adjusting against outstanding export bills. Collecting FIRC/E-BRC from the bank. Account Receivables/Payables Passing receipt entries after checking payment advice from the client or the relevant project team against outstanding invoices along with IT TDS and GST TDS. Checking vendor invoices with PO and terms of agreement and booking after consideration of tax aspects (GST and TDS). Obtaining and validating the vendor onboarding form along with supporting documentation. Monitoring overdue payables with respect to MSME and GST context and highlighting internally to take corrective action. Obtaining periodical balance confirmation and reconciliation of customer and vendor accounts. Payroll payment process: Processing for payment of monthly employee salary, CTC reimbursement, FNF, Gratuity, Meal card, etc. as per input received from the Payroll Department. Expense process Processing expenses received from the employees checking and taking approval for payment. Discrepancies are to be highlighted to the concerned employee or escalated to the reporting Manager. Director Credit card/ Corporate credit card expenses booking and timely payment. Quarterly credit card balance confirmation. Obtaining quarterly Imprest balance confirmation. Audit Closure Activity Monthly/quarterly/annual closure of all books of accounts adhering to timelines to ensure accurate and up-to-date reporting. Ensuring timely conduct of all audits and closure of all findings adhering to timelines to achieve audit objectives. Reconciling all balance sheet and income statement accounts on a monthly/quarterly basis.