Cash Applications Administrator

Payments(M0/M1)

About Us

"Capco, a Wipro company, is a global technology and management consulting firm. Awarded with Consultancy of the year in the British Bank Award and has been ranked Top 100 Best Companies for Women in India 2022 by Avtar & Seramount. With our presence across 32 cities across globe, we support 100 clients across banking, financial and Energy sectors. We are recognized for our deep transformation execution and delivery.

WHY JOIN CAPCO?

You will work on engaging projects with the largest international and local banks, insurance companies, payment service providers and other key players in the industry. The projects that will transform the financial services industry.

MAKE AN IMPACT

Innovative thinking, delivery excellence and thought leadership to help our clients transform their business. Together with our clients and industry partners, we deliver disruptive work that is changing energy and financial services.

#BEYOURSELFATWORK

Capco has a tolerant, open culture that values diversity, inclusivity, and creativity.

CAREER ADVANCEMENT

With no forced hierarchy at Capco, everyone has the opportunity to grow as we grow, taking their career into their own hands.

DIVERSITY & INCLUSION

We believe that diversity of people and perspective gives us a competitive advantage.

Cash Applications

Grade: M0-Administrator I

Shift: Rotational – 7:00 PM to 4:00 AM (US Shift) & 12:30 PM to 9:30 PM (UK Shift)

Location: Bangalore EC Office

Qualification: Commerce Graduate or Postgraduate

Experience: Minimum of 1 year of experience in Cash Applications within a medium or large organization

Notice Period: Up to 30 days

Work from Office Requirement: Hybrid mode, subject to changes based on Human Resources policies

• Role Summary:
  We are seeking a candidate with extensive functional knowledge of domestic and international fund transfers to join our finance team in Bangalore. The ideal candidate will have hands-on experience with variety of payment methods, including SWIFT, SEPA, and Wire transfers. A strong understanding of global banking operations, compliance standards, and cross-border transaction processing is essential to success in this role.
  
  JD: Key Responsibilities
  
  • Verify payment approvals and ensure adherence to SOX and internal controls
  
  • Review out of cycle payment requests and verify the creation of a liability in the ERP system before the payment is executed
  
  • Input of payment transfers in local currencies, using various payment methods onto the banking portal.
  
  • Submitting and communicating payments for approval with the relevant stakeholders and verify the payment has been executed.
  
  • Possess knowledge of various payment types, including SWIFT, SEPA, and Wire
  
  • Ensure the bank file is updated with the correct General Ledger accounts.
  
  • Regularly reconcile bank statements with recorded transactions.
  
  • Upload the XML files into or appropriate banking portals.
  
  • Review returned/rejected payments and re-enter as required.
  
  • Engage with stakeholders to address inquiries regarding payment requests.
  
  • Coordinate with the bank and local finance to resolve any issues related to on hold payments.
  
  • Prepare various ad hoc reports based on requests from different departments.
  
  • Ensure adherence to company policies, SOX compliance, and regulatory requirements
  
  • Engage with auditors during SOX, internal, and external statutory audits.
  
  • Adhere to timelines and service level agreements (SLAs).
  
  Skills:
  
  • Advanced MS Excel skills
  
  • Good understanding of banking procedures and financial controls
  
  • Strong communication and interpretation skills
  
  • Contribution to continuous process improvements
  
  • Ability to work well in a team and learn quickly
  
  • Comfortable working in a fast-paced environment
  
  • Strong problem-solving and analytical skills
  
  • Well-organized and able to meet tight deadlines
  
  • Ability to prioritize work and multi-task effectively
  
  • Experience with PeopleSoft or other major ERP is an added advantage
  
  #US SHIFT - Night SHIFT
  #UK SHIFT - Hybrid