Banking Operations Officer

Job Description

Job Title: Banking Operations Officer 

Job Overview

Key Responsibilities:

1. Payments & Journal Entries

• Ensure timely payments for Salary, Vendor, Old Gold, Margin, WCDL, etc.
  




• Post daily journal entries for all receipts and payments in the Books of Accounts (BOA).
  




• Maintain accurate transaction trails for compliance and audits.
  

2. Bank Account & Fund Flow Management

• Monitor balances across Cash Credit (CC) accounts.
  




• Manage EMIs for card loans and corporate credit cards.
  




• Handle interest payments for Term Loans, WCDL, CC facilities.
  




• Maintain smooth fund flow to avoid penalties and ensure financial discipline.
  

3. Bank Coordination & Process Handling

• Coordinate with banks for approvals, queries, and documentation.
  




• Handle Auto-Sweep processes for efficient fund utilization.
  




• Manage WCDL repayments, authorized letters, and financial approvals.
  

4. Bank Reconciliation & Reporting

• Perform daily & monthly reconciliations across all bank accounts.
  




• Verify and validate all incoming and outgoing transactions.
  




• Prepare and share Daily Fund Reports with key stakeholders.
  




• Support monthly MIS and banking activity summaries.
  

Key Deliverables

• Accurate and timely posting of entries.
  




• Daily fund status reporting.
  




• Monthly reconciliations for all operating accounts.
  




• MIS reports summarizing overall banking activity.
  

Requirements:

• Strong knowledge of banking procedures, fund flow, payments, reconciliation.
  




• Proficiency in MS Excel, ERP systems, and financial reporting.
  




• Excellent communication and coordination skills.
  




• High accuracy, analytical mindset, and process orientation.
  

Mindset & Culture Fit

• Ethical, reliable, compliance-driven.
  




• Organized, proactive, deadline-focused.
  




• Strong sense of responsibility and ability to multitask.
  

Why Join Us?

• Opportunity to work with a leading luxury retail group in India.
  




• Exposure to institutional-level financial systems and treasury management.
  




• Career advancement in a fast-growing organization moving toward IPO.
  




• High-performance, structured work environment with strong learning scope.