Banking Executive

Key Responsibilities

1. Banking Operations

• Process NEFT, RTGS, IMPS, UPI, and cheque payments. 

• Prepare payment advice and upload bank payment files. 

• Monitor daily bank balances and cash flow. 

• Process vendor, contractor, employee, and statutory payments. 

• Prepare daily bank transaction reports. 

• Coordinate with banks for account opening, closure, KYC updates, and banking documentation. 

• Manage internet banking users, payment approvals, and banking records. 

• Follow up with banks for DDs, bank guarantees, loan documentation, and other banking requirements. 

2. Bank Reconciliation

• Prepare daily and monthly Bank Reconciliation Statements (BRS). 

• Reconcile bank transactions with ERP/accounting records. 

• Identify and resolve unreconciled transactions. 

• Verify bank charges, interest, and other banking entries. 

3. Accounts & Bookkeeping

• Record receipts, payments, journal vouchers, and contra entries. 

• Maintain accurate ledger balances. 

• Perform ledger scrutiny and account reconciliations. 

• Assist in month-end and year-end book closing. 

5. Receivables & Payables

• Monitor customer collections and outstanding balances. 

• Process vendor payments as per approval. 

• Reconcile vendor and customer ledgers. 

• Prepare ageing reports for receivables and payables. 

6. Statutory & Tax Compliance

• Assist in GST, TDS, TCS, PT, PF, ESIC, and LWF compliance. 

• Prepare statutory payment challans. 

• Reconcile GST and TDS ledgers. 

• Maintain statutory records and supporting documents. 

7. Payroll Support

• Process salary bank transfers. 

• Verify salary payment statements. 

• Record salary journal entries. 

• Reconcile payroll-related accounts. 

8. MIS & Reporting

• Prepare daily fund position reports. 

• Prepare cash flow reports. 

• Prepare bank balance reports. 

• Generate monthly MIS for management. 

• Maintain banking and payment registers. 

9. Real Estate Accounting

• Maintain RERA-designated bank accounts. 

• Monitor project-wise collections and payments. 

• Record project expenses and customer receipts. 

• Support RERA reporting and project fund tracking.