Bank Reporting Executive

Job Overview:

The Bank Reporting Executive is responsible for managing and executing all financial reporting activities related to banking operations. This job is responsible for ensuring that all financial transactions involving the automotive vertical of the group’s banking partners are accurately recorded, reconciled, and reported. The Bank Reporting Executive works closely with the finance team and other departments to ensure compliance with internal controls, regulatory requirements, and industry standards, while providing insightful analysis to support overall financial health and strategic objectives.

Key Duties/Responsibilities:

• Oversee the preparation and review of daily, weekly, and monthly bank reconciliations, ensuring that all transactions are accurately captured, and discrepancies are promptly resolved.
• Manage the accurate and timely reporting of all banking-related financial activities, including cash management, loan payments, and bank fee analysis.
• Prepare and present comprehensive bank reconciliation reports to senior management, highlighting any issues, trends, or discrepancies that require attention.
• Ensure that all bank transactions are recorded in accordance with Generally Accepted Accounting Principles (GAAP) and the company’s internal accounting policies.
• Lead the month-end, quarter-end, and year-end close processes for banking transactions, ensuring that all relevant data is accurately captured and reconciled within established deadlines.
• Coordinate with the General Accounting team to ensure that all journal entries, accruals, and adjustments related to banking activities are properly recorded and supported by appropriate documentation.
• Review and reconcile bank accounts, including operating, payroll, and loan accounts, to ensure the accuracy and completeness of the company’s financial records.
• Ensure compliance with all internal controls, company policies, and regulatory requirements related to banking and financial reporting.
• Prepare and submit required regulatory reports related to the company’s banking activities, ensuring accuracy and adherence to deadlines.
• Stay informed about changes in banking regulations and industry standards, updating the company’s reporting processes as necessary to maintain compliance.
• Monitor daily cash flows and banking activity, ensuring that the company maintains adequate liquidity to meet its operational needs.
• Collaborate with the Treasury team to optimize cash management strategies, including the management of short-term investments, loan repayments, and interest expense monitoring.
• Provide analysis and reporting on the company’s cash position, including forecasts and variance analysis, to support strategic decision-making.
• Work closely with the General Accounting, Treasury, and Finance teams to ensure accurate and timely reporting of all banking activities.
• Uphold company values throughout business practices and utilise sound judgment in decision making.
• Any other additional duties as may be required by management based on needs of the business.

Work Experience Required:

• A minimum of 3 to 5 years’ experience in in related field.
• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Advanced degree or professional certification (e.g., CFA, CPA) is a plus.

Skills/Behaviour Attributes:

• Strong knowledge of GAAP, financial reporting standards, and banking regulations.
• Advanced proficiency in financial reporting software and tools, with a strong understanding of financial systems and general ledger applications.
• Exceptional analytical, problem-solving, and organizational skills, with a keen eye for detail and accuracy.
• Excellent communication and interpersonal skills, with the ability to convey complex financial information to both financial and non-financial stakeholders.
• Proven ability to manage multiple priorities and deadlines in a fast-paced environment.
• Experience working with internal and external auditors, with a strong understanding of audit processes and requirements.
• High level of integrity, with a commitment to maintaining the confidentiality and security of sensitive financial information.