Clearing & Settlement (c & S):ac & Settlement

4 days ago

Mumbai Maharashtra, India Axis Bank Full time

About Retail Ops The Centralized Reconciliation and settlement team look after all the major parts of the reconciliation of the bank related to Government Business Merchant Payments ATM s 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 the 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 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 ComeAsYouAre We are dil se open Women LGBTQIA and PwD candidates of all ages are encouraged to apply Skills Refer to the About Company Axis Bank is the third largest private sector bank in India The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates MSME Agriculture and Retail Businesses The Bank has a large footprint of 4 594 domestic branches including extension counters with 11 333 ATMs 5 710 cash recyclers spread across the country as on 31st March 2021 The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021 The Overseas operations of the Bank are spread over eight international offices with branches at Singapore Dubai at DIFC and Gift City-IBU representative offices at Dhaka Dubai Abu Dhabi Sharjah and an Overseas subsidiary at London UK The international offices focus on Corporate Lending Trade Finance Syndication Investment Banking and Liability Businesses

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