Process Associate - Cash & Bank Ops

LKQ India; Bengaluru; On-site; INR 600,000 - 900,000; Full time

Job summary

LKQ India is seeking a Cash Management Associate to support the daily cash and banking functions by researching and analyzing accounting data. The role requires maintaining accurate cash position records and ensuring timely reconciliations and reporting.

You will handle reconciliations, generate reports, and coordinate with Europe teams to ensure accurate cash position and timely responses, while working with cross-functional teams in a fast-paced environment.

Qualifications

• 3+ years experience in Accounts Receivable, GL & Bank Reconciliation.
• Graduate degree (B.Com) required.
• Good English communication skills, both spoken and written.
• Bank reconciliation experience preferred.

Responsibilities

• Reconcile branch entries and payments received accurately and timely.
• Pull information for LKQI, Cash and Bank Europe and Treasury.
• Reconcile bank statements as directed by Europe Team Leader or Treasury.
• Maintain spreadsheets with cash position backups.
• Generate and distribute reports to internal teams and customers.
• Follow up with customers for unknown payments.
• Support Payroll cash files and post Treasury entries.
• Coordinate with Europe departments to resolve queries.
• Post multiple files for multiple GLs for reconciliations.
• Monitor email inbox and ensure timely responses.

Skills

English communication

Analytical thinking

Process improvement

Multi-tasking

Attention to detail

Learning agility

German language

Education

B.Com

Job description

Job Summary

Responsible for providing financial information to management by researching and analyzing accounting data, The Cash Management Associate will perform the day to day operations of the Cash Management Area. Also, perform diversified accounting duties to support Corporate Accounting and Cash and bank functions.

Essential Job Duties

• Accurate and timely reconciliations of Branch entries and the payments received.
• Assist in pulling requested information for internal LKQI, Cash and Bank Europe and Treasury.
• Reconciliation of Bank statement as directed by Europe Team Leader or Manager or Treasury
• Maintains a spreadsheet with all the back up of transactions that affect our cash position.
• Pulling reports from application and sending them out to internal teams and customers as and when required.
• Follow-up with customers, as assigned, for unknown payments
• Consolidate & balance previous days payroll files to ensure accuracy of Cash Management files to GL. Works with the Treasury also to ensure their entries are also posted.
• Interacting with other Europe Departments, such as Treasury, EU Audit, Staff Accounting, as necessary to resolve customer-related queries.
• Posting multiple files for multiple GLs for Reconciliations.
• Responsible for monitoring the E-mail box and ensuring all emails are answered and resolved in a timely manner

Education & Experience

• Minimum of a Graduate degree B.com
• 3+ years experience in an Accounts Receivable, GL & Bank Reconciliation position, Reliable math skills.
• Good English communication skills both - spoken & written.
• Bank reconciliation experience preferred.

Knowledge

• Accurate and efficient reconciliation skills
• Ability to adapt to a fast paced continually changing business and work environment
• Ability to communicate with Members at all levels of the organization

Skills

• Good English communication skills both - spoken & written.
• Accurate and efficient accounting skills.
• Willingness to learn new skills.
• German language is an added advantage.
• Drive Process Improvements.
• Analytical thinker

Abilities

• Attention to detail is a must, Ability to multi-task
• Frequently work in on projects that require deadlines
• Regularly understand the speech of another person
• Should have a Do what it takes and a ‘Can do Attitude’