BA/SBA_Bank reconcilaition_GCC

About Welspun

Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.

Job Purpose/ Summary

The Bank Reconciliation Specialist is responsible for ensuring the accuracy of financial records by performing timely and accurate reconciliation of the company’s bank accounts. This role plays a critical part in identifying discrepancies, preventing fraud, and maintaining financial integrity.

Job Title

BA/SBA_Bank reconcilaition_GCCPerform daily, weekly, and monthly reconciliations of bank statements with internal accounting records.Investigate and resolve discrepancies in a timely and efficient manner.Record and monitor all cash transactions including bank fees, interest, and transfers.Collaborate with Accounts Payable and Accounts Receivable teams to ensure alignment of transactions.Maintain documentation and audit trails for all reconciliation activities.Prepare monthly reconciliation reports and assist with month-end and year-end closing processes.Liaise with banks to resolve any issues or discrepancies.Support internal and external audits by providing necessary reconciliation documentation.Identify opportunities to improve reconciliation processes and implement best practices.Ensure compliance with internal controls and accounting policies.

Principal Accountabilities

Perform daily, weekly, and monthly reconciliations of bank statements with internal accounting records.Investigate and resolve discrepancies in a timely and efficient manner.Record and monitor all cash transactions including bank fees, interest, and transfers.Collaborate with Accounts Payable and Accounts Receivable teams to ensure alignment of transactions.Maintain documentation and audit trails for all reconciliation activities.Prepare monthly reconciliation reports and assist with month-end and year-end closing processes.Liaise with banks to resolve any issues or discrepancies.Support internal and external audits by providing necessary reconciliation documentation.Identify opportunities to improve reconciliation processes and implement best practices.Ensure compliance with internal controls and accounting policies.

Key Interactions

Top Management,Mid Management,Junior Management,Employees,Client Relations ,Auditors,Vendors

Experience

2

Competency Name

Competency Name

Proficiency Level

Business & Commercial acumenExpert EntrepreneurshipExpert Global Mind-setExpert People ExcellenceExpert Knowledge of Accounting PrinciplesExpert Accounts Reconciliation Expert SAP Module ExpertiseProficient Computer SkillsProficient