Key Responsibilities:

Daily Bank Reconciliation:

• Match bank statements with internal financial records
• Ensure accurate posting of deposits, withdrawals, and transfers

Monitoring Bank Accounts:

• Review daily bank balances
• Track inflows and outflows of funds
• Prepare daily cash position reports

Executing Banking Transactions:

• Process wire transfers and electronic payments
• Handle check deposits and track collections
• Prepare payment orders and ensure approvals

Bank Relations Management:

• Communicate with bank representatives for account updates
• Coordinate new account openings, checkbook requests, and signature updates

Financial Reporting:

• Prepare daily, weekly, and monthly reports related to bank balances
• Track post-dated checks, returned checks, and under-collection items
• Assist in preparing cash flow forecasts

Compliance and Internal Controls:

• Ensure adherence to company policies and financial procedures
• Maintain confidentiality and data accuracy in all banking operations

Team Support:

• Coordinate with AP/AR accountants for payment follow-ups
• Contribute to month-end and year-end financial closings