Amar Banerjee
Finance
Thane ,MH
Summary
Dynamic finance professional with expertise in treasury management and operations, enhancing efficiency at TIAA GBS. Proven track record in cash flow forecasting and stakeholder engagement, leading cross-functional teams to streamline processes. Successfully processed over $1 billion annually, leveraging YARDI and SAP for seamless bank reconciliation. Passionate about driving innovation and fostering collaboration. Skilled Associate Manager with notable experience in overseeing daily operations, managing teams, and driving productivity. Strengths lie in strategic planning, workflow optimization, and fostering team collaboration. Successfully led projects to completion, improved process efficiency, and positively impacted bottom-line results in previous roles.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Associate Manager (Associate ll)
TIAA GBS
Mumbai
10.2020 - Current
- Managing Treasury Operations and Accounts Payable, and supporting the EMEA/APAC regions.
- Cash management, fund cash transfers, wire payments, and payment approvals.
- Processing over 500 bank account reconciliations, including multi-currency accounts, as a team, and processing over 1 billion USD invoices annually.
- Delivering all processes by a tight deadline.
- Managing relationships with leveraged banks like JPM, NatWest, ING, HSBC, Commonwealth, Soc Gen, etc.
- Responsible for opening and closing bank accounts, remediation requirements, and onboarding of new accounts onto the SWIFT platform.
- Responsible for updating bank mandates, liquidity management, and SOPs.
- Oversaw team operations, ensuring alignment with company objectives and standards.
- Developed and implemented strategic plans to enhance operational efficiency.
- Led performance reviews, providing constructive feedback to team members.
- Collaborated with cross-functional teams to streamline workflows and processes.
- Established strong relationships with stakeholders, fostering collaboration and communication.
- Monitored staff performance and addressed issues.
Senior Accountant
Currencies Direct Pvt. Ltd.
09.2018 - 10.2020
- Reconciliation of foreign exchange deals
- Uploading of bank statement in SAGE ERP 300 (AccPac) & Autorek.
- Reconciliation of Future, Forward, Options & Swaps forex trades.
- Affiliate commissions calculations and posting of accruals on monthly basis.
- Performing treasury checks and liaising with treasury team and bank to book the same.
- UK safe guarding check and safeguarding calculations as per FCA guidelines.
- Preparation of Margin and settlement reports to check the cash position of the client’s account.
- Reconciliation of Nostro accounts, clients account reconciliation & validation of data.
- Investigate the source of payment and investigation of direct debit and direct credit entries.
- Investigation of unknown wires and preparation of dashboard of the outstanding items on daily basis.
- MS Access Query & liquidity management, issue and group mail box management.
- Cross training planning and daily check list reporting.
Analyst
Travelex India Private Limited
03.2015 - 08.2018
- Part of Gateway project & successfully completed the transition for APAC & EMEA regions, went to UK for On-shore Knowledge Transfer for 10weeks.
- Performed end to end R2R reconciliations process.
- Performed activities related to accounts receivables and payables checking and approving payments.
- Foreign exchange reconciliation, calculation of rate and margins.
- Processing of payment for the daily settlement amount using banking system by direct debiting or crediting client.
- Keep a track on the bank statement for the amount received from the client and clear the same from the outstanding list.
- Stock reconciliation and investigation of breaks on daily and weekly basis.
- Posting intercompany journal entries and settle the intercompany account balances.
- Handling weekly calls and maintaining a very good rapport with on shore partners and with all the internal and externals counter parties.
- Key contributor in drafting the SOP (Standard Operating Procedures) for reconciliation and Settlements.
- Fund management and worked closely with Treasury team to maintain liquidity for the team.
- Suggested process improvement ideas, one in which I have created an auto-matching criteria for major manual remittance reconciliations process which saved 4 hours on daily basis.
- Preparing aging report/checklist and escalation matrix for the team.
- Handling audit queries and single point of contact for all the issues related to Europe reconciliations.
Associate
Oracle Financial Services Software Limited
09.2013 - 03.2015
- Cash and position reconciliation between Asset Management Company and the custodians on the basis of CUSIP/ISIN/SEDOL.
- Liaising with Custodians/banks and all the counter parties for details.
- Responsible for reconciling Blackrock Multi Asset Client Solutions Group, Equity and Fixed income portfolios on a daily basis and resolving the breaks of the same through Aladdin; a tool developed by client.
- Performing Cash Reconciliation by checking MT950 SWIFT messages (Equities and Fixed Income) on daily basis between Custodian and Fund Managers’ data through (Alpha Cash Master) a tool developed by client.
- Settlement of Trades and Calculation of daily NAV.
- Cash Reconciliation is done on end to end process with no breaks appearing on the system. Hence, investigation is done for open breaks like Dividend breaks, Interest breaks, etc.
- To research and resolve breaks and publish Cash Balance before opening of UK and US markets using custodian statements and other means of information.
- Assisting SME in preparing reports during audit.
- Looking after Preparation of Process Documents and periodically updating the same.
- Preparation of MIS and productivity report for my team.
- Booking overdraft entries on daily basis.
- Research the source of cash, trade, P&I breaks that we come across.
- Follow-up with the client regarding the same for resolution of breaks.
Education
MBA - Accounting And Finance
GNIMS
Mumbai11-2023
Bachelor's in Accounting And Finance - Accounting And Finance
University of Mumbai
Virar West04-2013
H.S.C -
Maharashtra State Board of Secondary Education
Z. B. Zakaria Junior College02-2010
S.S.C -
Maharashtra State Board of Secondary Education
St. Rock's High School03-2008
Skills
- YARDI, SAP, ALADDIN, SAGE, CODA
- Treasury management
- Cash flow forecasting
- Payment processing
- Team leadership
- Process improvement
- Stakeholder engagement
- Cross-functional collaboration
- Operations management
- Problem-solving
- Bank reconciliation
Certification
Six Sigma (Yellow Belt) certified, LEAP 100 & 200 (Managment Training)
Personal Information
Gender: Male
Awards
- Received appreciations three times from the head of finance and the director of India for excellent process improvement in Travelex
- I took process-related training for new joiners at Travelex and TIAA
- Received 3 Silver awards in 1 year at TIAA and got 2 promotions in 5 years
- Stabilize the process in GDC Mumbai in Travelex, and successfully complete the transition for APAC and EMEA regions
- Awarded as the star of the month at Oracle in just 18 months
References
Available on request
Hobbies and Interests
- Traveling
- Playing chess
Disclaimer
I hereby declare that all the statement made in the application is correct to the best of my knowledge and belief.
Languages
- English
- Hindi
- Marathi
- Bengali
- Telgu
Key Highlights
- Yardi accounting tool migration from MRI, accounts payable, treasury automation projects, and generated 2 million USD revenue annually by efficient cash management and streamlining the money market deposit process in TIAA
- Successful transition of three pilots into processes
- Process transition and shared service setup experience – went to the United Kingdom (UK) for process transition
- Successfully completed the SAP and Blackline project where I did the UAT testing and migrated from the Dream accounting tool to SAP and Blackline
- Act as a finance team SPOC in Travelex and in TIAA GBS, also awarded for the same
Languages
English
First Language
English
Advanced (C1)
C1
Hindi
Proficient (C2)
C2
Bengali
Intermediate (B1)
B1
Telugu
Elementary (A2)
A2
Marathi
Elementary (A2)
A2
Timeline
Associate Manager (Associate ll)
TIAA GBS
10.2020 - Current
Senior Accountant
Currencies Direct Pvt. Ltd.
09.2018 - 10.2020
Analyst
Travelex India Private Limited
03.2015 - 08.2018
Associate
Oracle Financial Services Software Limited
09.2013 - 03.2015
MBA - Accounting And Finance
GNIMS
Bachelor's in Accounting And Finance - Accounting And Finance
University of Mumbai
H.S.C -
Maharashtra State Board of Secondary Education
S.S.C -
Maharashtra State Board of Secondary Education
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