01Overview
Role Description
We are seeking a Banking Operations Executive responsible for ensuring accurate and timely processing of all financial transactions, payments, and bank reconciliations. The role involves managing multiple company bank accounts, maintaining fund flow efficiency, and ensuring all banking operations are aligned with company policies and financial regulations.
Key Responsibilities
1. Timely Payments & Recording Entries in BOA
- Ensure timely payments for Old Gold, Salary, Vendor, Margin, and WCDL categories.
- Regularly pass journal entries in the Books of Accounts (BOA) for all payments and receipts.
- Maintain up-to-date transaction records for daily financial accuracy.
Frequency: Daily
2. Bank Account Management
- Maintain healthy balances across all five Cash Credit (CC) accounts to ensure smooth daily operations.
- Manage EMIs for card loans and corporate credit cards.
- Handle interest payments for Term Loans, WCDL, and Cash Credit facilities.
- Monitor banking activities to ensure no delays or penalties and uphold a positive banking reputation.
Frequency: As Required
3. Bank Follow-ups
- Conduct regular follow-ups with banks for approvals, clarifications, and issue resolution.
- Manage Auto-Sweep processes to optimize fund utilization.
- Process WCDL repayments efficiently.
- Coordinate with banks for Authorized Letters and financial approvals.
Frequency: As Required
4. Bank Reconciliation
- Reconcile daily and monthly bank statements across all accounts.
- Verify and align all financial transactions with company records.
- Prepare and submit the Daily Fund Report to HOD, CFO, and Director.
(Daily Deposits - Daily Expenses = Closing Balance)
Frequency: Fund Report - Daily; Reconciliation - Monthly
Key Deliverables
- Daily payment entries and journal postings for all receipts and disbursements.
- Preparation of daily fund report and cash position summary.
- Monthly reconciliation for all company bank accounts.
- Preparation of MIS for mo .
