Job Description:

• Monitor daily Bank deposit/withdrawal entries (General Customer, Dealer, Retailer, LC, Bank Charges, Interest, Loan Settlement, Margin) are posted with proper supporting documents and bank advice at day end along with correct branch/department/ segments for KTM Branch.
• Ensure receipt entry of PDC by payment recovery officer and its deposit on due date.
• Review all the pending posts are closed on daily basis and ensure monthly closing of KTM branch books of account.
• Ensure customer, vendor, bank  reconciliation on daily basis and adjustment of findings based on approval.
• Reporting of Customer reconciliation sheet for KTM Branch and its finding on weekly basis with corrective action plan.
• Prepare Intercompany reconciliation on monthly basis and adjustment of findings based on approval provided by HOD. 
• Obtain Balance confirmation letter from customers & vendor for statutory audit and maintain list accordingly. 
• Resolve customer queries regarding their ledger and solve the discrepancies if any.
• Obtain balance confirmation from Banks for Loans, Interest & closing balance on yearly basis.
• Ensure monthly reconciliation of Money Receipts(MR) for KTM Branch and report the deviations.
• Ensure proper monitoring and authentic movement of fixed assets. Responsible for maintaining FAR(Fixed Assets Register).
• Ensure insurance coverage of all fixed and current assets, process claims and ensure settlement.
• Ensure timely coverage of Cash In Vault Insurance, Fidelity Insurance & Cash In Transit Insurance etc.
• Support for Internal and Statutory audit.
• Review of admin expenses, direct expenses & indirect expenses are within authorized approval and report to HOD for any deviations identified with corrective action plan.
• Ensure checking of all receipts, payments, journal vouchers, purchase invoices with proper supporting documents as per financial procedures.
• Ensure timely verification of Day report with cash denomination and adjustment of findings (if any).
• Prepare vendor payment chart for timely payment on weekly basis. Also, prepare vendor ageing report on weekly basis for management review.
• Ensure accurate entry of fixed assets movement (Purchase/Sales) in coordination with FA handler.
• Ensure proper deduction of TDS as per statutory compliance.
• Ensure timely black listing of customers who have default the payment in coordination with Payment recovery manager as per proper standard operating procedures.
• Ensure timely filling of legal case to the court for the customers who have default the payment in coordination with payment recovery manager, Advocate, HOD & management as per proper standard operating procedures.

Source: Merojob

Job Detail Expired

Contact Detail