Clearing & Settlement (C & S):Ac & Settlement- Activity Champion
BFSI (Operations & Lending)
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Job Description
| Clearing & Settlement (C & S):Ac & Settlement- Activity Champion | |||||
| INTERNAL USAGE: | |||||
| No. of Vacancies: | Reports to: | Manager - SM | |||
| Is a Team leader: | Y/N | Team Size: | |||
| Grade: | Officer / AM/ DM | ||||
Business:
| Retail Banking | Department: | Retail Operations | Sub-Department: | Clearing & Settlements |
| Location: | Airoli, Mumbai | ||||
| About Department | |||||
| The Centralized Reconciliation and settlement team look after all the major parts of the reconciliation of the bank related to Government Business, Merchant Payments, ATMs 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 sectors. | |||||
| About Role | |||||
The main role of the Ac and Settlement team member is to ensure that there is error free handling of Accounting & Settlement process within the stipulated TAT. | |||||
| Key Responsibilities | |||||
Ensure the completion of accounting and settlement of transactions for cards (Debit/Credit) related process pertaining to various interchange Network like NPCI/Euronet/Visa/Master Card is within stipulated the TAT. Looking to get Placed? Try our Placement Guarantee Plan Ensure timely reversal of outstanding entries from office accounts. Preparation of MOCs, provision for review with top management. Ensure error free settlement process handling. Conducting UAT on system development for accounting 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 Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment Ability to handle pressure and meet deadlines | |||||
Skills
AccountingProvisionTransactionsReconciliationIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
Axis Bank, one of India's leading private sector banks, is recognized for its innovative financial solutions and customer-centric approach. With a strong presence spanning across retail, corporate, and institutional banking, Axis Bank offers a comprehensive range of products and services tailored to meet the diverse needs of its customers. Committed to leveraging technology to enhance banking experiences, Axis Bank provides convenient digital banking platforms and cutting-edge financial tools. With a focus on transparency, integrity, and customer satisfaction, Axis Bank continues to be a trusted partner for individuals and businesses alike. Explore exciting career opportunities with Axis Bank, where talent is nurtured, and aspirations are realized in shaping the future of banking in India.
Important dates & deadlines?
Application Deadline
01 Apr 26, 02:23 PM IST
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Clearing & Settlement (C & S):Ac & Settlement- Activity Champion
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