The incumbent will be responsible for managing banking operations, vendor master governance, bank guarantee administration, compliance monitoring, and MIS reporting. The role requires solid coordination with banks, vendors, internal stakeholders, and auditors while ensuring adherence to organizational policies and statutory requirements.
Key Responsibilities
Banking Operations
- Perform periodic bank reconciliations and ensure timely resolution of outstanding reconciling items.
- Coordinate with banks for routine banking transactions and documentation.
- Maintain accurate records of banking activities and related documents.
Vendor Management
- Ensure vendor master data accuracy through periodic vendor validation and hygiene checks.
- Review and update vendor-related documentation as per company policies.
- Coordinate with internal departments for vendor onboarding, modifications, and compliance requirements.
Bank Guarantee Management
- Manage the complete lifecycle of Bank Guarantees (BGs), including issuance, amendment, renewal, tracking, and closure.
- Maintain a centralized database of all active and expired BGs.
- Ensure timely renewal and closure of BGs to avoid business disruptions and financial risks.
- Liaise with banks and internal stakeholders for BG-related activities.
Compliance & Controls
- Ensure compliance with internal controls, company policies, and statutory requirements related to banking and vendor processes.
- Maintain proper documentation and records for audit and regulatory purposes.
- Support implementation of process improvements and control mechanisms.
MIS & Audit Support
- Prepare and present MIS reports related to vendor management, banking operations, forex transactions, and bank guarantees.
- Provide support during internal, statutory, and external audits by furnishing required information and documentation.
- Assist management with data analysis and reporting for decision-making.
Required Skills
- Strong understanding of Banking Operations and Vendor Management processes.
- Knowledge of Bank Guarantees and forex-related documentation.
- Proficiency in SAP and MS Office (especially MS Excel).
- Good analytical, reconciliation, and reporting skills.
- Strong attention to detail and documentation management.
- Effective communication and stakeholder management skills.
- Ability to work independently and meet deadlines.
Key Competencies
- Financial Process Management
- Vendor Governance
- Banking Coordination
- Compliance & Audit Readiness
- Data Accuracy & Reporting
- Problem Solving and Analytical Thinking