Controller – Bank Section

• Prepares the bank reconciliations for various bank accounts of the group companies.
• Monitors bank accounts for the group companies.
• Ensures the completeness of documentation and obtains the required approvals from the management in case of new bank account opening.
• Ensures the availability of foreign currency amount in the designated bank accounts in order to enable the clearing of cheques issued to foreign suppliers.
• Schedules and monitors the payments relating to letter of credit.
• Ensures the availability of funds for LC payments in line with the monthly requirements of the import departments.
• Responsible for correspondence process with all the banks which are maintaining bank accounts for the group companies.
• Initiates and records dividend payments in system.
• Responsible for fulfilling the requirements of the bank (i.e. completion of documentation and arrangement of funds) regarding the bank guarantee.
• Provides the required information to VAT department in order to facilitate the filing of monthly VAT returns.
• Ensures the timely payment of value addition tax for the group companies on monthly basis.
• Responsible for setting aside the funds required for trade payment from cash deposits in the bank account.
• Tracks the payments made against the purchases & expenses in bank statement and notifies the relevant department in order to post the entry in system.
• Reconciles payments against the expenses with the expenses booked in general ledger and notifies the expense department in order to enable them to process the documents relating to notified expenses for payment.
• Prepares the cheques and recording of banking transactions in system.
• Manages cancellation of cheques as per the request of authorized person.
• Reconciles daily cash sales with the amounts deposited in the bank accounts and recording of the related entries in system.
• Reviews and ensures the authenticity of documents related to deposits/online transfers/ withdrawals and other bank related transactions.
• Carries out regular correspondence with the bank on all the issues and problems faced by the branches.
• Tracks subsequent clearance in the bank statement for the receipt vouchers.
• Fulfills the requirements of the bank regarding the opening of new bank accounts and timely intimation to the banks for any change in information related to existing bank accounts.
• Responsible for and comply with the requirements for company image, professional etiquettes, good personal hygiene, dress code and workplace ethics.
• Maintains company assets and fixtures in good condition.

Bayt