KEY RESPONSIBILITIES
1. Bank Account Administration
Manage end-to-end documentation and coordination for opening, modifying, and closing bank accounts.
Maintain an accurate repository of bank account details, mandates, signatories, authorised users, and supporting approvals.
Coordinate additions or removals of signatories and changes to bank mandates in line with approved internal authorisations.
Ensure account-related records and correspondence are complete, current, and readily available for review or audit.
2. KYC and Banking Documentation
Coordinate periodic and event-based KYC submissions with banks and relevant internal teams.
Compile, validate, submit, and track corporate documents, declarations, forms, and authorised signatory information.
Monitor pending documentation and follow up with stakeholders to avoid disruption to banking services.
Maintain a tracker of KYC requirements, submission status, exceptions, and closure evidence.
3. Payments and Banking Transactions
Process and monitor domestic inward and outward banking transactions in accordance with approved payment instructions.
Coordinate import and export payments, including collection of required transaction documents and follow-up with banks.
Track transaction status, investigate rejects or delays, and support timely resolution with banks and internal teams.
Validate transaction details and supporting documentation before submission, while observing maker-checker and approval controls.
Maintain explicit records of payment instructions, bank acknowledgements, transaction references, and closure status.
4. Bank and Ledger Reconciliations
Prepare timely bank reconciliations for assigned accounts and investigate unmatched or aged items.
Perform bank-to-ledger reconciliation and coordinate with relevant Finance teams for correcting entries or open-item closure.
Maintain schedules of bank charges, interest, direct debits, credits, and other reconciling items.
Escalate material or long-pending differences wi
📌 Banking Specialist (Mumbai)
🏢 Mastek
📍 Mumbai