To manage day-to-day banking operations, cash management activities, regulatory compliances related to IDPMSEDPMS and ensure accurate reconciliation and reporting to support effective financial control and statutory compliance.
Key Responsibilities
Banking Operations
- Manage routine banking transactions including fund transfers, cheque issuance, bank deposits, and online banking activities.
- Coordinate with banks for account operations, documentation, KYC updates, and resolution of banking-related issues.
- Monitor bank limits, facilities, and ensure timely submission of required documents to banks.
- Handle opening, modification, and closure of bank accounts as per organizational requirements.
Cash Management
- Monitor daily cash and bank balances to ensure optimal liquidity.
- Plan and execute fund utilization and transfers to meet operational requirements.
- Prepare daily, weekly, and monthly cash flow statements and forecasts.
- Ensure compliance with internal cash handling policies and controls.
IDPMS EDPMS Compliance
- Ensure timely and accurate reporting of import transactions under IDPMS (Import Data Processing and Monitoring System).
- Monitor export transactions under EDPMS (Export Data Processing and Monitoring System) for realization and closure.
- Coordinate with banks, logistics, and internal teams for submission of shipping bills, invoices, Bill of Entry, and other required documents.
- Track pending transactions, follow up for closure, and resolve discrepancies raised by banks or regulatory authorities.
- Ensure adherence to RBI and FEMA guidelines related to import-export transactions.
Reconciliation Activities
- Perform regular bank reconciliations and investigate differences, if any.
- Reconcile cash, bank, and related ledger accounts in the accounting system.
- Coordinate with internal departments to resolve reconciliation discrepancies in a timely manner.
- Maintain proper documentation and audit trails for all reconciliations.
Reporting & Documentation
- Prepare and submit periodic reports on banking operations, cash position, IDPMSEDPMS status, and reconciliations.
- Support internal and statutory audits by providing required data, documents, and explanations.
- Maintain accurate records and files in line with internal controls and compliance requirements.
- Assist in process improvement initiatives related to banking and compliance activities.
Key Skills & Competencies
- Strong knowledge of banking operations and cash management processes.
- Working knowledge of IDPMS and EDPMS regulations and RBI/FEMA guidelines.
- Proficiency in reconciliation processes and financial reporting.
- Attention to detail and strong analytical skills.
- Effective coordination and communication skills.
- Proficiency in MS Excel and ERP/accounting systems.
Qualifications & Experience
- Bachelor's degree in commerce, Finance, or Accounting (B.Com / M.Com / MBA Finance preferred).
- 35 years of relevant experience in banking operations, cash management, and regulatory compliance.
- Experience in import-export compliance will be an added advantage.
