Job Description

Role

: Bank & GL Reconciliation Analyst

Skill

: Bank Reconciliations, General Ledger

Experience

: 4 years to 8 years

Job Location

: Pune

Shift

: UK Shift

Eligibility Criteria:

Minimum 15 years of regular, full-time education (10 + 2 + 3) Non-technical graduation in finance & accounts stream- B.Com, M.Com or similar Should be flexible with night shifts & rotational shifts

Position Overview:

We are seeking a detail-oriented and analytical Bank & GL Reconciliation Analyst to support reconciliation processes for our Banking, Financial Services, and Insurance (BFSI) clients. The role is responsible for ensuring accuracy and completeness of reconciliations between bank accounts, sub-ledgers, and the general ledger. The analyst will investigate breaks, resolve mismatches, and ensure compliance with financial controls, audit requirements, and regulatory standards.

Key Responsibilities

Bank Reconciliations:

Perform daily, weekly, and monthly reconciliations of bank accounts across multiple entities. Identify and investigate discrepancies between bank statements and internal records. Ensure timely clearance of outstanding items, unallocated receipts, and unmatched transactions. Liaise with treasury and operations teams to resolve reconciling items.

General Ledger (GL) Reconciliations:

Perform reconciliations of sub-ledgers (accounts payable, receivable, claims, investments, etc.) with the general ledger. Ensure all entries are valid, authorized, and comply with accounting standards. Post adjustments, accruals, or corrections to ensure accurate financial reporting. Maintain proper documentation and evidence for all reconciliations.

Controls & Compliance:

Ensure compliance with SOX/ICFR, internal policies, and regulatory requirements for reconciliation processes. Maintain audit-ready documentation with clear evidence of review and approvals. Support statutory, regulatory, and internal audits with reconciliation reports and explanations.

Month-End Close & Reporting:

Support month-end closing by ensuring timely completion of all reconciliations. Prepare reconciliation dashboards, exception reports, and aging of outstanding items. Provide variance analysis and commentary to finance controllers and management.

Process Improvement & Automation:

Identify recurring reconciliation breaks and propose permanent solutions. Support implementation of automated reconciliation tools (e.g., BlackLine, Autorek, ReconArt, Cognix). Standardize reconciliation processes across business units to improve efficiency.

Stakeholder Engagement:

Collaborate with finance, treasury, operations, and risk teams to resolve reconciliation issues. Communicate with banks, custodians, and counterparties for transaction clarifications. Escalate high-risk reconciliation break s and provide root-cause analysis.

Education:

Bachelor's degree in Finance, Accounting, Commerce, or related discipline. CA/CPA/CIMA preferred.

Experience:

4-8 years of experience in bank and GL reconciliations within BFSI (banking, insurance, investment, or shared services).

Technical Skills:

Strong knowledge of reconciliation processes, accounting principles, and financial controls. Proficiency in ERP and reconciliation tools (SAP, Oracle, PeopleSoft, BlackLine, Autorek, Cognix). Understanding of BFSI-specific transactions such as claims, policyholder funds, investments, and settlements.

Soft Skills:

Strong analytical and problem-solving abilities. High attention to detail and accuracy. Good communication and stakeholder management skills.

Key Performance Indicators (KPIs):

Timeliness and accuracy of reconciliations. Reduction in aging of open reconciliation items. Number of unreconciled breaks at month-end. Compliance with audit and control requirements. Stakeholder satisfaction and issue resolution turnaround.

Location

Pune

Job Function

BUSINESS PROCESS SERVICES

Role

Executive

Job Id

384142

Desired Skills

Finance and Accounting
Desired Candidate Profile

Qualifications

: BACHELOR OF COMMERCE