Banking Executive

We are looking for a detail-oriented and responsible Senior Executive – Banking Operations to manage day-to-day banking activities and accounts receivable. The role involves processing domestic and forex payments, recording daily customer collections in the accounting system, reconciling customer accounts and bank transactions, and monitoring outstanding receivables. The incumbent will coordinate with customers, the Sales and Accounts teams, and banks to support timely collections, resolve payment discrepancies, prepare banking MIS, and ensure accurate documentation and timely submission of required documents.

Key Responsibilities

Handle day-to-day banking transactions and activities, including online banking and fund transfers.

Prepare and process NEFT, RTGS, IMPS, vendor payments, employee reimbursements, statutory payments, and other approved business payments.

Process forex payments and overseas remittances, including verification of supporting documents, coordination with banks for exchange rates, and tracking payment completion after the required approvals.

Record daily customer collections in the ERP/accounting system and accurately adjust receipts against the respective customer invoices.

Reconcile customer ledgers with receipts and bank credits; investigate unidentified receipts, short payments, and other discrepancies with the relevant teams.

Monitor receivables ageing and follow up with customers and the Sales team for timely collection of outstanding and overdue payments.

Prepare daily, weekly, and monthly bank-related MIS covering bank balances, fund availability, payments, customer collections, and pending transactions for management review.

Prepare Bank Reconciliation Statements (BRS) regularly and identify, follow up, and resolve unreconciled or pending entries.

Download, verify, and maintain bank statements, transaction records, payment proofs, debit/credit advices, and other supporting documents.

Handle cheque preparation, deposits, cancellations, stop-payment requests, cheque tracking, and related banking documentation.

Coordinate with banks for fund transfers, account-related requests, transaction issues, banking documentation, and resolution of discrepancies.

Support documentation and tracking related to Bank Guarantees (BG), Letters of Credit (LC), Fixed Deposits (FD), and other banking facilities, wherever applicable.

Prepare and submit required documents to banks for forex remittances, KYC updates, banking facilities, and other account-related requirements; track acknowledgements and follow up on pending submissions.

Track bank charges, interest, failed or returned transactions, and ensure correct accounting entries in the ERP/accounting system.

Maintain proper authorization, supporting documents, banking records, and audit trail for all transactions; coordinate with the Accounts team for timely accounting, reconciliation, and compliance.

Qualifications & Skills

Bachelor's degree in Commerce, Finance, Accounting, Business Administration, or a related field.

4–6 years of relevant experience in banking operations, accounts, finance, treasury support, or a similar role; manufacturing industry experience will be preferred.

Practical experience in online banking, payment processing, NEFT/RTGS/IMPS, cheque handling, bank reconciliation, and banking documentation.

Basic working knowledge of Bank Guarantees (BG), Letters of Credit (LC), Fixed Deposits (FD), bank charges, and other banking facilities will be preferred.

Strong numerical ability, attention to detail, confidentiality, coordination, communication, and follow-up skills.

Working knowledge of MS Excel and accounting/ERP software; knowledge of SAP / SAP Business One will be preferred.