Sr. Executive(Banking Operations) - Ballabgarh-Immediate Joining

This is very urgent opening and we require on immediate basis.

Job Location - Banchari, Hodal(Palwal)

Role & responsibilities

1. Day to day funds management tracker
2. Execution of daily banking transactions 3. LC / BG Issuance on time as per requirement of the business 4. Control over Interest and charges by best utilisation of lower cost limits 5. Day to day booking of entries in SAP & bank reconciliations. 6. Preparation of monthly cash flow with analysis.

Key Responsibilities

• Banking Operations

  :

• Transaction Processing

  : Oversee and manage daily banking transactions, including payments, receipts, fund transfers, and reconciliations.

• Bank Reconciliation

  : Perform regular bank reconciliations, ensuring that all transactions are accurately recorded and discrepancies are promptly resolved.

• Cash Management

  : Manage cash flows, monitor liquidity levels, and ensure optimal utilization of funds to meet operational needs.

• Vendor Payments

  : Process vendor payments, including checks, wire transfers, and electronic payments, ensuring timely and accurate settlement of obligations.

• Customer Transactions

  : Handle customer-related transactions such as deposits, withdrawals, and loan disbursements.

• SAP Expertise

  :

• SAP FI (Financial Accounting)

  : Utilize SAP FI module for managing general ledger, accounts payable, accounts receivable, and bank accounting functions.

• SAP Bank Accounting

  : Set up and maintain bank master data, manage house banks, and configure electronic bank statements in SAP.

• Integration

  : Ensure seamless integration of SAP banking operations with other financial modules (e.g., SAP Treasury, SAP CO) and external banking systems.

• Automation

  : Implement and maintain automated payment processes in SAP, including batch payments, direct debits, and auto-reconciliation.

• System Optimization

  : Identify opportunities to optimize SAP banking processes, enhancing efficiency and reducing operational risks.

• Financial Reporting and Compliance

  :

• Financial Reporting

  : Generate and review financial reports related to banking operations, such as cash flow statements, liquidity reports, and bank balances.

• Compliance

  : Ensure all banking operations comply with internal controls, company policies, and regulatory requirements.

• Audit Support

  : Prepare and provide documentation and reports for internal and external audits related to banking transactions and reconciliations.

• Risk Management

  :

• Fraud Prevention

  : Implement and monitor controls to prevent fraud, unauthorized transactions, and financial losses.

• Risk Assessment

  : Regularly assess and mitigate risks related to banking operations, such as credit risk, liquidity risk, and operational risk.

• Relationship Management

  :

• Bank Liaison

  : Act as the primary point of contact between the company and its banking partners, managing relationships and resolving any issues that arise.

• Negotiations

  : Negotiate banking terms, fees, and services to ensure favorable conditions for the company.

• Training and Support

  :

• User Training

  : Train and support team members in using SAP for banking operations, ensuring they are proficient in the system's functionalities.

• Documentation

  : Maintain detailed documentation of banking procedures, SAP configurations, and operational workflows.

Perks and benefits

Alternate Saturday is Off (2nd & 4th)