Job Description
About the role:
Key Accountables
Operational Excellence:
• Ensure timely booking/processing of Incoming cash transactions, GL entries for the entities on a daily basis within the sguidelines/SOP.
• Ensure timely processing of payments within bank cut off time and clear understanding of various Swift MT messages.
• Ensuring all Funding transactions are timely booked and accounted in the appropriate systems.
• Ensure adherence to SLA's, KPI's set about handling of Incoming Cash and Outgoing Payments.
• Ensure all necessary Reconciliations are completed and submitted for review and are approved on time with requiredQuality and completeness.
• Ensure all Open Items are reviewed, actioned on time and escalated timely.
• Ensure all activities relating to Monthly and Quarterly Closing are performed timely and communicated appropriately toStakeholders.
• Ensure appropriate awareness and adherence to Operational and Risk related Controls.
• Assist in managing transitions of new services added to the portfolio, system changes and processes.
• Assist in managing the relationships with service recipients in order to optimize service satisfaction and improve NPS ( Promoter Score )
• Proactively Own and Collaborate with AP/TE, Business Transformation team in successful implementation of ProjectPortfolio including Global Financial Transformation Projects.
• Proactively collaborate with Cash and Cost Operations Bratislava counterparts and foster alignment.
• Drive and contribute to continuous improvement initiatives and contribute to projects ( Global & Internal )
• Working knowledge of ORACLE/SAP ERP systems would be advantage.
• Be able to analyse gaps in payments processes and outline possible solutions and improvements
• Share knowledge and expertise with all team members including being able to Train new team members.
• Develop and Practise effective Presentations and Communication skills.
• Maintaining of SOP and updating any changes in SOP on a timely basis
• Ability to handle all activities for different regions in scope of payments, receipts & reconciliations space.
• Clear understanding of manual journals posted for different transactions to handle queries received from differentstakeholders.
• Ability to process Payments through different Payment Methods and Banking processes / systems (Wires, ACH, Swift,Cheques etc.)
• Ability to handle audit queries received from Governance, internal / external auditors
• Ability to interact with different banks where we have operating accounts and provide any clarifications to clear thepayments
• Clear understanding of International Trade Controls and Anti money laundering concepts
• Stakeholder management :
• Regular interactions with stakeholders - understand stakeholder's needs and work together with Team to deliver excelleclient service.
• Manage expectations from different global stakeholders
About the team:
Payments, Receipt & Reconciliation team is part of the Cash and Cost Operations Unit, Bangalore. The team is responsiblefor handling Outgoing Payments, Incoming Cash, Processing and Approval of all Bank Accounts and Manual Journals,Reconciliation of Bank and Control Accounts including Coordination and Execution of Monthly and Quarterly CloseActivities in collaboration with various Cross Functional teams / Stakeholders within and outside Finance.
About you:
• University degree in the area of finance, banking, accounting, along with relevant work experience of minimum 4 to 6years in the Payments, Cash Handling, Reconciliation domain.
• Advanced accounting knowledge (Understanding of balance sheet accounts, P&L accounts, control accounts and the libetween these accounts together with impact on Accounting and Reporting
• Technical knowledge of Accounts Payables and/or Payments systems and processes will be a key advantage.
• Has worked with Accounting ERP's viz SAP / Oracle.
• Has worked with reconciliations tools like BlackLine, Phoenix etc.
• Proven track record of Business Process Improvement experience and related skills.
• Professional knowledge in MS Office tools, especially MS Excel and MS PowerPoint
• Language skills: English fluent written and spoken
• Proven relationship builder across the organization
• Proactive attitude, self-motivated, team player, willing to learn
• Planning, organizing, and prioritizing
• Ability to work cross functionally within the Business.
• Possess Strong Interpersonal skills
About Swiss Re
Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, ****** orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability
Key Accountables
Operational Excellence:
• Ensure timely booking/processing of Incoming cash transactions, GL entries for the entities on a daily basis within the sguidelines/SOP.
• Ensure timely processing of payments within bank cut off time and clear understanding of various Swift MT messages.
• Ensuring all Funding transactions are timely booked and accounted in the appropriate systems.
• Ensure adherence to SLA's, KPI's set about handling of Incoming Cash and Outgoing Payments.
• Ensure all necessary Reconciliations are completed and submitted for review and are approved on time with requiredQuality and completeness.
• Ensure all Open Items are reviewed, actioned on time and escalated timely.
• Ensure all activities relating to Monthly and Quarterly Closing are performed timely and communicated appropriately toStakeholders.
• Ensure appropriate awareness and adherence to Operational and Risk related Controls.
• Assist in managing transitions of new services added to the portfolio, system changes and processes.
• Assist in managing the relationships with service recipients in order to optimize service satisfaction and improve NPS ( Promoter Score )
• Proactively Own and Collaborate with AP/TE, Business Transformation team in successful implementation of ProjectPortfolio including Global Financial Transformation Projects.
• Proactively collaborate with Cash and Cost Operations Bratislava counterparts and foster alignment.
• Drive and contribute to continuous improvement initiatives and contribute to projects ( Global & Internal )
• Working knowledge of ORACLE/SAP ERP systems would be advantage.
• Be able to analyse gaps in payments processes and outline possible solutions and improvements
• Share knowledge and expertise with all team members including being able to Train new team members.
• Develop and Practise effective Presentations and Communication skills.
• Maintaining of SOP and updating any changes in SOP on a timely basis
• Ability to handle all activities for different regions in scope of payments, receipts & reconciliations space.
• Clear understanding of manual journals posted for different transactions to handle queries received from differentstakeholders.
• Ability to process Payments through different Payment Methods and Banking processes / systems (Wires, ACH, Swift,Cheques etc.)
• Ability to handle audit queries received from Governance, internal / external auditors
• Ability to interact with different banks where we have operating accounts and provide any clarifications to clear thepayments
• Clear understanding of International Trade Controls and Anti money laundering concepts
• Stakeholder management :
• Regular interactions with stakeholders - understand stakeholder's needs and work together with Team to deliver excelleclient service.
• Manage expectations from different global stakeholders
About the team:
Payments, Receipt & Reconciliation team is part of the Cash and Cost Operations Unit, Bangalore. The team is responsiblefor handling Outgoing Payments, Incoming Cash, Processing and Approval of all Bank Accounts and Manual Journals,Reconciliation of Bank and Control Accounts including Coordination and Execution of Monthly and Quarterly CloseActivities in collaboration with various Cross Functional teams / Stakeholders within and outside Finance.
About you:
• University degree in the area of finance, banking, accounting, along with relevant work experience of minimum 4 to 6years in the Payments, Cash Handling, Reconciliation domain.
• Advanced accounting knowledge (Understanding of balance sheet accounts, P&L accounts, control accounts and the libetween these accounts together with impact on Accounting and Reporting
• Technical knowledge of Accounts Payables and/or Payments systems and processes will be a key advantage.
• Has worked with Accounting ERP's viz SAP / Oracle.
• Has worked with reconciliations tools like BlackLine, Phoenix etc.
• Proven track record of Business Process Improvement experience and related skills.
• Professional knowledge in MS Office tools, especially MS Excel and MS PowerPoint
• Language skills: English fluent written and spoken
• Proven relationship builder across the organization
• Proactive attitude, self-motivated, team player, willing to learn
• Planning, organizing, and prioritizing
• Ability to work cross functionally within the Business.
• Possess Strong Interpersonal skills
About Swiss Re
Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, ****** orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability
💡 Quick Summary
Seeking a career-building opportunity? The Accounts Analyst III position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
