Cash Management - Gandhinagar - B1(2)B3(1)
Job Description:
C
Cash Management
Team Objectives:
Given below are the broad objectives of the entire team. Each band of FTE has a different role to perform and hence the skills and competency requirements are different for each role.
- Wire Payments Desk /Electronic Fund Transfer (EFT) activities including but not limited to Input wires, verify disbursement authority, send wire batches to respective banks, confirm wire batch totals, acknowledge files, and update or create templates for repetitive wires.
- Initiation wires requires OFAC screening and obtaining 1099 documentation
- Oversight of EFT Returns and Reversals, Verify banking information against supporting documentation
- Enter cash (payments and receipts) projections into Treasury system, verify cash bank files, account recon process, GL process, upload IMD file, fund disbursement accounts, run and send ACH batches, run concentration process for cash banks, address miscellaneous processing issues with bank and vendor
- Maintain short-term exposure spreadsheet on daily basis with current MMF and custody cash balances and distribute to Asset Management team
- Liaise with respective business units for queries, seeking information / details relevant for financial preparation
Band wise skills and competencies:
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Evaluation criteria |
Band 1 – 3 |
Band 4-5 |
Band 6-7 |
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Education |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
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Experience |
1-3 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Treasury Operations |
3-8 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Treasury Operations |
10+ years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Treasury Operations |
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Domain / Accounting knowledge and skills |
· Basic understanding of accounting principles |
· Should be able to understand the Treasury Operations end to en · Basic understanding of accounting principles · Should be able to provide domain support to team members |
· Should be able to understand the Treasury Operations end to end · Advanced understanding of accounting principles · Should be able to mentor and guide the team on regular basis |
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Knowledge of ERP / Accounting / Financial reporting systems |
Basic knowledge will be preferred |
Advanced knowledge will be preferred |
Advanced knowledge will be preferred |
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MS Excel / Access skills |
Basic |
Advanced |
Advanced |
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General Ledger Reconciliations |
Basic knowledge desirable but not necessary |
Basic knowledge desirable but not necessary |
Advanced understanding required |
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Team Management |
Not required |
Process supervision and oversight, manage deliverables of smaller teams |
Supervise and manage the entire Financial Reporting team |
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Other requirements: |
• Responsible for executing processes based on written instructions. • Transaction based activities include sorting, verifying for accuracy and completeness, formatting data, posting, and preparing output (EFT, Wire payment requests, bank statements, reports) |
• Responsible for executing complex processes that involve greater subjective thinking • Transaction based activities and processing are at a much higher volume of transactions than lower level staff • Also Responsible for managing the day-to-day workload and first-level process escalation, and reviews processes for accuracy and timeliness. |
• Responsible for leading and directing the work of others and the overall process. Reviews client critical deliverables, manages the overall workload, and second-level process escalation. • Familiar with a variety of the field's concepts, practices, and procedures - relies on extensive experience and judgment to plan and accomplish goals. A wide degree of creativity and latitude is expected. |
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• Proficient in MS Office applications • Good command of English both in written and spoken • Customer centricity • Understanding of financial processes and applications as per the requirement of the role |
• Good command of English both in written and spoken with customer centricity • Analytical, decision making, problem solving, and people management skills • Strong understanding of financial processes and applications as per the requirement of the role |
• Results-oriented leader • Analytical, decision making, problem solving, and people management skills • Strong understanding of processes and process improvement • Excellent command of English both in written and spoken with customer service orientation |
Key Skills :
Company Profile
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