Banking Executive

Key Responsibilities

This role primarily involves handling comprehensive banking operations, including processing various types of payments such as NEFT, RTGS, IMPS, UPI, and cheques. The candidate will prepare payment advice, upload payment files, monitor daily bank balances and cash flow, and manage payments to vendors, contractors, employees, and statutory bodies. Daily bank transaction reporting and coordination with banks for account maintenance and documentation are integral. Internet banking management, payment approvals, and banking record-keeping are also essential duties, along with follow-ups regarding demand drafts, bank guarantees, and loan documents.

Bank reconciliation tasks include preparing daily and monthly reconciliation statements, matching bank transactions to accounting records, identifying unresolved discrepancies, and verifying bank charges and interest entries.

Accounts and bookkeeping responsibilities cover maintaining receipts, payments, journal vouchers, contra entries, accurate ledger balances, performing ledger reviews, and assisting in monthly and yearly book closures.

Managing receivables and payables involves tracking customer collections and outstanding amounts, processing vendor payments upon approval, reconciling ledgers for vendors and customers, and preparing ageing reports.

Compliance duties require assisting with GST, TDS, TCS, Professional Tax, Provident Fund, ESIC, and Labour Welfare Fund requirements, preparing statutory payment challans, reconciling relevant ledgers, and maintaining statutory documentation.

Support is also provided for payroll processes, including managing salary bank transfers, verifying payment statements, recording salary-related journal entries, and reconciling payroll accounts.

Management Information System (MIS) and reporting tasks include generating daily fund position, cash flow, and bank balance reports, producing monthly MIS reports for management, and maintaining detailed banking and payment registers.

Specifically, for real estate accounting, the role entails maintaining RERA-designated bank accounts, monitoring collections and payments on a project basis, recording project expenses and receipts, and aiding in RERA compliance reporting and project fund monitoring.