Treasury and Banking Operations

Job Description: Executive Treasury and Banking Operations

Role Overview

We are looking for a proactive and self-driven finance professional to manage day-to-day banking and treasury operations. The role involves independent liaison with banks and payment gateways, bank reconciliations, fund arrangement for the Accounts Payable team, and maintenance of cash and fund trackers. The person will be expected to own bank-related queries end to end and to complete every activity within the agreed turnaround time (TAT).

Key Details

• Qualification: CA/CMA/MBA/CA Inter or Equivalent qualification
• Experience: 2 to 5 years in banking coordination, treasury, accounts or a similar finance role
• Reporting to: Finance / Treasury Lead

Roles and Responsibilities

1. Coordinate with Banks and Payment Gateways (PG) to obtain monthly balance confirmations and prepare Bank Reconciliation Statements (BRS) with books.

2. Follow up with banks for renewed Fixed Deposit (FD) advice and post related entries in Zoho Books.

3. Maintain a comprehensive tracker for FDs, loans, deposits, and other fund blockages.

4. Record monthly interest accrual entries in Zoho Books.

5. Arrange funds for the Accounts Payable (AP) team from any of the available four funding sources.

6. Update and maintain the cash file twice a week.

7. Manage the Direct Cost tracker by analysing service categories and identifying auto-debited expenses.

8. Prepare TDS reimbursement workings and coordinate with PGs for timely fund recovery.

9. Request and follow up with all Banks and PGs to ensure receipt of monthly invoices.

10. Review and clear suspense ledger entries in Zoho Books.

11. Prepare the Unencumbered cash balance for all entities.

12. Tableau dashboard No Mapping transactions, closing balance not matching and other issues need to be follow-up.

Additional Responsibilities:

1. Coordinate with banks for creation or removal of liens on FDs based on business requirements.

2. Collect, verify, and submit KYC documents for all entities.

3. Support the opening of new bank accounts and set up dashboards for the Accounts team.

4. Manage the closure process for unused or inactive bank accounts.

5. Liaise with banks to resolve debit/credit freeze issues on accounts.

6. Allocate bank accounts to new or restructured Lines of Business (LOBs) along with configuration of required service features.

7. Address AP team queries regarding incorrect payments or payment issues by coordinating with banks.

8. Follow up with Banks or PGs for invoices not reflecting in GSTR-2A.

8a. Address requests from the accounting team for invoice clarifications or reviews with banks/PGs.

9. Initiate and resolve all bank or PG- related clarifications as required.

10. Participate in meetings for new LOBs for understanding the business

Required Skills and Competencies

• High level of verbal and written communication, with the ability to write clear and professional emails to bankers, payment gateways and internal teams.
• Proactive and self-driven, able to identify issues and follow them up to closure without being reminded.
• Ability to liaise independently with bankers and payment gateway teams, build a working relationship with them and escalate where required.
• Strong discipline in maintaining TAT for reconciliations, fund arrangement, trackers and follow-ups.
• Sound knowledge of bank reconciliation, fixed deposits, interest accruals, TDS and basic GST concepts.
• Working knowledge of Zoho Books or a similar ERP, and good command of MS Excel (lookups, pivots and trackers).
• Strong attention to detail, with good analytical and problem-solving skills.
• Ability to manage multiple priorities and work with the AP, accounting and tax teams.