Banking Associate

Job Description
• Perform MT940 Bank Statements download from the bank website with accuracy and

efficiency.
• Follow up with Operational Controllers for Local Manual Bank Statements and record

the movements in SAP.
• Uploading the MT940 Bank Statements into SAP.
• Follow up with O2C and P2P Team to get the Customer Receipts and Vendor

Payments applied in SAP.
• Follow up with Respective EFS Operational Controllers and other payment / receipt

initiators and clear the Bank Open Items.
• To identify the unreconciled entries, investigate and post the entries based on the

booking details provided by the EFS Controllers.
• Day to day comparison of Closing Bank Balance in SAP Vs Bank Statement.
• Daily posting of entries such as Internal Bank Transfers, Bank Charges, Interest

(Receipts and Payments), other equity movements.
• Follow up with EFS Controllers for the entries posted in Cash in Transit account to

move to the appropriate GL Account.
• Investigate Cash Pool accounts on day to day basis and post entries if there is any

movement.
• Preparation of netting movements report for all Intra regional Entities once the Netting

settlement initiated.
• Preparation of Bank Open Items Reports and circulate to all the appropriate

stakeholders to clear the open items.
• Follow up with EFS Controllers by initiating call to clear Bank Open Items.
• Preparation of GL Account extension/unblock forms.
• PCR (Process Change Request) to be created, followed up with SAP Team for
• Configuration of MT 940 setup for New Bank Accounts.
• Supporting of Internal / External Audit requests.
• Supporting of EFS Controllers for any Adhoc Reports.
• Maintenance of Bank Master Data for all Bank Accounts.
• Maintain internal process documentation to reflect the most up-to-date ways of work
• using the most recent Nielsen toolset (Google, etc.). Ensure standard operating

procedures are operationalized and consistent in both content and format with

expectations laid out by Global Financial Controlling.
• Maintain an appropriate system configuration and IT environment to ensure effective

and efficient execution of Banking Process.
• Daily Preparation of Bank Open Items, Cash in Transit Report for speedy Month close.
• Handling of Adhoc queries from internal stakeholders (P2P, O2C and IC COE Team).
• Performing of all bank reconciliations in the GRT Tool after month close as per the

corporate guidelines (7 corporate criteria).