Bank Reconciliation Specialist

Ugro Capital; Mumbai City; On-site; INR 4,50,000 - 6,75,000; Full time

Job summary

An established industry player is seeking a Bank Reconciliation Specialist to enhance their finance team. This role involves ensuring accuracy in bank reconciliations, investigating variances, and collaborating with various departments to resolve discrepancies. You will maintain documentation, prepare reports, and identify process improvements, all while ensuring compliance with internal regulations. If you thrive in a fast-paced environment and possess strong analytical and problem-solving skills, this opportunity offers a chance to make a significant impact in a dynamic financial setting.

Qualifications

• 4-6 years of experience in bank reconciliation and financial analysis.
• Strong understanding of accounting principles for Banks and NBFC.

Responsibilities

• Reconcile multiple accounts by comparing bank statements with the general ledger.
• Prepare and present regular reports on reconciliation status and discrepancies.

Skills

Bank Reconciliation

Financial Analysis

Accounting Principles

Microsoft Excel

Analytical Skills

Problem-Solving Skills

Communication Skills

Attention to Detail

Tools

Accounting Software

Job description

Role/ Designation - Bank Reconciliation Specialist (Collections and payment bank accounts)

(AM / DM)

Sub Department - Central Operations

Experience - 4/6 years of relevant work experience in Bank / NBFC

Key Responsibilities:

• Reconciliations for multiple accounts by comparing bank statements with the general ledger to ensure accuracy.
• Investigate and resolve variances between the bank statement and the general ledger.
• Collaborate with internal departments, including finance payments and collections updating teams to resolve reconciliation discrepancies.
• Maintain organized and up-to-date documentation of reconciliation processes.
• Prepare and present regular reports on reconciliation status and financial discrepancies.
• Identify opportunities for process improvements in the reconciliation workflow.
• Implement best practices to enhance efficiency and accuracy in bank reconciliation processes.
• Ensuring compliance to the internal and regulatory requirements.

Skills Required:

• Proven experience in bank reconciliation and financial analysis.
• Strong understanding of accounting principles and financial reporting for Banks and NBFC.
• Comfortable managing several competing task and issues in a fast-paced environment.
• The ability to work independently as well as in team environment.
• Excellent analytical and problem-solving skills.
• Proficiency in using accounting software and Microsoft Excel.
• Strong communication and interpersonal skills.
• Attention to detail and ability to meet tight deadlines.