Specialist
IDFC FIRST Bank
Date: 9 hours ago
City: Thāne, Maharashtra
Contract type: Full time

Job Requirements
Role/ Job Title Senior Specialist Reconciliation & Settlement
Function/ Department: Operations Reconciliation & Settlement
Job Purpose
The role bearer has the responsibility spearhead reconciliation & settlement acitivities of bank and customer accounts on a regular basis. It includes collaborating with respective stakeholders to ensure adherence to processes and prepare status reports. The role holder is expected to oversee workload of team members and ensure timely completion of reconciliation & settlement of all assigned projects as per defined timelines. Interacting regularly with clients, understand their requirements and provide reports to senior management for making decisions as per the larger objectives of the bank.
Roles & Responsibilities
Graduate - Any
Postgraduate Any
Experience: 10 - 18 years
Role/ Job Title Senior Specialist Reconciliation & Settlement
Function/ Department: Operations Reconciliation & Settlement
Job Purpose
The role bearer has the responsibility spearhead reconciliation & settlement acitivities of bank and customer accounts on a regular basis. It includes collaborating with respective stakeholders to ensure adherence to processes and prepare status reports. The role holder is expected to oversee workload of team members and ensure timely completion of reconciliation & settlement of all assigned projects as per defined timelines. Interacting regularly with clients, understand their requirements and provide reports to senior management for making decisions as per the larger objectives of the bank.
Roles & Responsibilities
- Responsible for timely completion of reconciliation of all assigned projects as per defined timelines
- Govern supporting documentation for reconciliations
- Ensure processing of rectification entries
- Handle field queries / guide field personnel on reconciliation requirements
- Develop understanding of related processes and inter-dependability between teams, have broad understanding of underlying data structures
- Ensure minimal losses for the department and submit items that needs to be written off within each financial year
- Interact with clients as and when required and submit necessary statements
- Review and improve reconciliation process and SOPs
- Comply with regulatory requirements and internal guidelines
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
- Minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls
- Liaise with RMs, traders, Finance & Control and colleagues of other support units to provide high quality of service to customers
- Preparing daily, fortnightly, monthly and quarterly MIS reports as required by Top Management
- Recommend improvements to processes and policies across the Banking business to drive operational efficiencies and high-quality customer service
- Leverage in-house synergies through collaboration with internal stakeholders
- Stay abreast with global market trends and competitor strategies in key markets
Graduate - Any
Postgraduate Any
Experience: 10 - 18 years
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Office Administrator - EA & HR Support
Deerns India,
Thāne, Maharashtra
6 days ago
Office Administrator – EA & HR SupportLocation: Mumbai, India. Working from Thane officeJob Status: PermanentSector: MEP Design Consultancy Engineering FirmSalary: Competitive & negotiableAbout UsDeerns Spectrum Private Limited is a fully integrated business of the globally operating Deerns Group, we specialise in high-end engineering services and are committed to delivering world-class engineering services across India, South Asia, and East Africa. Together,...

Customer Service Representative
Concentrix Limited Company,
Thāne, Maharashtra
1 week ago
Apply NowJob TitleCustomer Service RepresentativeJob DescriptionThe Advisor I, Customer Service position interfaces with customers via inbound calls, outbound calls, or through the Internet depending upon client requirements. This position provides customer service support and resolution of routine problems regarding client's product or services.Essential Functions/Core Responsibilities Ensure service delivered to our customers meets contractual Key Performance Indicator (‘KPIs’) Clarify customer requirements;...

Bid Manager
Siemens,
Thāne, Maharashtra
3 weeks ago
Hello Visionary!We empower our people to stay resilient and relevant in a constantly changing world. We’re looking for people who are always searching for creative ways to grow and learn. People who want to make a real impact, now and in the future. Does that sound like you? Then it seems like you’d make an outstanding addition to our vibrant...
