Clearing & Settlement (C & S):Team Member-Network Accounting & Recon

Ghatkesar, Telangana
Permanent
Full-time

12 days ago

Job Description:About Retail Ops:The Centralized Reconciliation and settlement team look after all the major parts of the reconciliation of the bank related to Government Business, Merchant Payments, ATM’s and networking settlements. They also manage all the disputes related to ATMs and recycler machines by following up with vendors within given timelines and as per RBI guidelines. They are responsible for resolving all the queries, requests and complaints related to Government Business i.e., NPS, APY, RBI agency reporting under which all ministries payments & Receipts. They also manage the recon of PPF, Sukanya Samrudhi, Pensions related to Government sectorsAbout the Role:The Network Accounting and Recon – Team Member is responsible for ensuring that there is error free handling of Network Accounting and Reconciliation process within stipulated TAT and for timely reversal of outstanding entries from office accounts/payable/receivable accountsKey Responsibilities

Responsible for completion of reconciliation of transactions for cards (Debit/Credit) related process pertaining to various interchange Network like NPCI/Euronet/Visa/Master Card within stipulated TAT.
Ensure the preparation of GL justification/Control sheet on daily basis
Ensuring that there is error free reconciliation process handling. Any exceptions observed while handling reconciliation process should be highlighted to concerned stakeholders on timely basis for resolution.
Conducting UAT on system development for reconciliation modules.
Ensure that there are no audit remarks on the daily processes handled.

Qualifications:Optimal qualification for success on the job is:

Graduation/ Post-Graduation from a recognized institute

Role Proficiencies:For successful execution of the job, the candidate should possess the following:

Knowledge of banking products and services
Knowledge of regulatory guidelines and norms
Good communication (both verbal and written) skill in both English and the local language
Ability to manage complex client situations & manage risk and uncertainty for self and team within a dynamic priority-setting environment
Ability to handle pressure and meet deadlines

#ComeAsYouAre "We are dil se open. Women, LGBTQIA+ and PwD candidates of all ages are encouraged to apply"Skills:Refer to the Job DescriptionAbout Company:Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses

Axis Bank

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