ANURAG KUMAR YADAV
Mumbai
Summary
Seeking a challenging career in a dynamic and leading organization preferably across Banking/ Financial /Insurance Services sector that would help me cultivate and nurture my skills to the fullest with an opportunity to display my talent and become an asset to any medium/ large national or multinational organization.
More than 7 years of experience in the field of Treasury & Bank Reconciliation, Banking/ Financial /Insurance Services sector Payment Processing, Fraud Chargeback & Credit Card Billing.
Overview
7
7
years of professional experience
Work History
Regional Accountant Manager
SBI General Insurance
Lucknow
05.2024 - Current
- Monitoring of all Bank reconciliations and action on the items that require attention
- Prepare bank reconciliations for multiple bank accounts on a timely basis
- Obtain bank statements from the respective banks
- Confirm account balances by comparing company records with bank statements
- Collaborate with the finance team to ensure accurate and timely reconciliation adjustments
- Enhance bank reconciliation processes for efficiency and accuracy
- Analyses financial data and present findings to senior management
- Contribute to strategic financial planning and performance evaluation
- Oversee authorized signatory documentation, ensuring compliance with banking regulations and internal policies
- Maintain confidentiality and handle sensitive information discreetly
- Managing banking relationship, co-ordination with banks for all the operational issues
- Ensuring that all audit requirements are provided on time and first time right; thus contributing to clean audit reports
- Co-ordinating with vendor for timely realization of receipts and payments in system
- Co-ordinating with Bank for any issues being faced by vendor and other stakeholders
- Co-ordinating with Bank to ensure Bank Charges are at minimum and best in the industry
- Co-ordinating with Bank to update Signatories as and when required
- TAT clearance
- Overseeing monthly reconciliation for all the bank accounts
- Preparing Cash Flow Statement, Fund Flow statement
- Streamlining financial operations, MIS Reports, and Cost Controls
- Preparing Governance Control Dashboard
- Presenting details about treasury performance every quarter
- Prepare Monthly Schedule for Cash in Hand & Cash in Transit
- Prepare monthly Schedule for Policy holder due & Stale Cheque
- Strengthening Bank Reconciliation process and ensuring maximum auto reconciliation in recon tool/system and reduction in manual intervention
- Automating & initiating the new collection mode / new projects
- Preparation and analysis of monthly MIS
- Any other activity as assigned
SR. Finance & Accounts Executive
Catalyst Corporate service Pvt.Ltd.
Mumbai
08.2023 - 05.2024
- Company Overview: Future Generali India Life Insurance Company Ltd
- Monitoring of all Bank reconciliations and action on the items that require attention
- Prepare bank reconciliations for multiple bank accounts on a timely basis
- Obtain bank statements from the respective banks
- Confirm account balances by comparing company records with bank statements
- Collaborate with the finance team to ensure accurate and timely reconciliation adjustments
- Enhance bank reconciliation processes for efficiency and accuracy
- Prepare monthly MIS reports, providing valuable financial insights
- Analyses financial data and present findings to senior management
- Contribute to strategic financial planning and performance evaluation
- Oversee authorized signatory documentation, ensuring compliance with banking regulations and internal policies
- Maintain confidentiality and handle sensitive information discreetly
- Supporting the implementation of Cash management module and building quick sight dashboard and report building to ease out daily BAU activities and for cash flow analysis
- Tracking and ensuring that the ageing and line items of Bank reconciliation statement are in control, identifying and fixing root cause, coordinating with various stakeholders for closure of open BRS items
- Ensuring that all audit requirements are provided on time and first time right; thus contributing to clean audit reports
- Day to day treasury operations and proper accounting of Insurance technical accounts like Premium, Commission, Claims etc
- Support ad-hoc financial analysis and reporting tasks
- Handling queries of stakeholders with respect to premium receipts as well as pay-outs
- Engaging with banks and vendors for issues
- Ensuring proper documentation of processes, implementation of adequate controls with respect to receipts and payouts so that there are no surprise control lapses which will have financial impact on the organization
- Tracking and ensuring that the ageing and line items of Bank reconciliation
- Responsible for Daily and periodic cash flow planning to identify any borrowing/investment needs
- Responsible for managing banking relationships and ensure adherence by the bank on agreed SLA
- Responsible for managing the complete flow of bank guarantees to get issued from banks within the agreed SLA
- Monitoring of funds on a daily basis to ensure that all transactions are fully authorized and ensure accounts are appropriately funded with no last-minute surprises
- Monitoring of forex rates, bank charges, and interest rates to ensure that all the entities are charged based on agreed rates
- To invest surplus funds of the Company in optimum manner in various investment options -FD's and MF's
- Analysing mutual fund schemes and other investment options across asset classes and make recommendations for change in investment portfolio
- Preparation and analysis of monthly MIS
- Documentation for signatory & Inputter addition/deletion/modification
- Documentation for account opening, account closure mutual fund folio opening etc
- Raising cost approvals for bank charges by obtaining GST invoices from banks
- Assist in statutory audit, internal audit and other type of audits
- Monthly book closing and accounting for treasury function including calculation of returns on Investment in mutual funds, FDs and other asset types
- Circulation of various type of reports to management
- Handle end to end prepaid card issuance, modification, deletion process from expense management portal and publish MIS on monthly basis
- Liasioning with Banks/FIs for new products, solutions, documentation, and compliance requirements
- Maintain internal policies, SOPs, documentation, reporting workflow
- Any other activity as assigned
- Future Generali India Life Insurance Company Ltd
SR. Associate
Manpower Group
Mumbai
12.2020 - 08.2023
- Company Overview: PNB MetLife India Insurance Company Ltd
- Monitoring of all Bank reconciliations and action on the items that require attention
- Branch coordination for CMS premium collection
- Preparing Collection /disbursement recons and ensuring minimum open transaction in BRS as per TAT
- Managing banking relationship, co-ordination with banks for all the operational issues
- Monitoring the open items on daily basis and following/liaisoning with various operations teams and banks for resolving open items in BRS (collection / disbursement)
- Managing fund management activity (cash flow) daily
- Preparing all reports and monthly dashboard including statutory and regulatory requirement
- Ensuring timely closure of BRS on monthly basis after completion of all necessary entries
- Liaisoning with broker for Fidelity/Money Insurance renewal
- Managing departmental process development and enhancement with IT
- Managing authorized Signatory database
- Apart from above monitoring team members to perform below activities
- Validating of credit status information (CSI) upload related to collections
- Handling all the operational queries related to realization status of collections and able to resolve open issues in disbursement reconciliation
- Tracking and resolving issues related to CMS activities and credit card machines installed at various branch locations
- Works with IT for resolving any open issues related to CSI file upload
- Co-ordinates with concerned agency for forex requirements
- Co-ordinates for renewal of insurance policies of the company
- Work with banks and IT for any new initiatives or process improvements
- Month end activities closure related to treasury and meeting local and regional reporting requirements including
- Preparation of other collection related reconciliations (Group) which are not done through the PADM system (Group Asia)
- Co-ordinating with vendor for timely realization of receipts and payments in system
- Co-ordinating with Bank for any issues being faced by vendor and other stakeholders
- Co-ordinating with Bank to ensure Bank Charges are at minimum and best in the industry
- Co-ordinating with Bank to update Signatories as and when required
- Active Support in closure of Audits of above treasury operations and accounting area
- Bank statement is downloaded from the bank site
- The details are forwarded to Group operation team for receipting in group Asia
- Monthly Bank Account Reconciliation and Suspense Account Reconciliation and Clearing the same for respective Branches
- Ensuring timely reconciliation and closure of open items pertaining to various Control accounts in General Ledger
- Simultaneously we have asked bank to confirm on this so that we can credit back all this type of balance to Bank's account
- Also getting process set to refund all these cases to bank after 30 days if there is any non-receipt of complete information from Bank side
- Active Support in closure of Audits of above treasury operations and accounting area
- Manage day to day fund flow for the Indian entities and liaise with the bankers where needed
- Ensure that idle funds are parked in approved safe investment, with the intention to maximize returns from idle /surplus cash
- Prepare bank reconciliations for multiple bank accounts on a timely basis
- Support for closure on all forward exchange transactions
- Ensuring that all statements for investments made are obtained from the financial institutions
- On periodical basis
- Maintain strong relationships with the company's bankers and ensure that banking forms to support various transactions are completed accurately and in timely manner
- Support all documentary requirements of banks
- Accurate and timely preparation of short- and medium-term cash flow forecasts including daily analysis of bank balances and preparation of the weekly and ad hoc cash position reports; Compliance reporting for treasury in accordance with statutory, regulatory, and regional reporting requirements
- Support for closure on all forward exchange transactions
- PNB MetLife India Insurance Company Ltd
Associate
Q CONNEQT BUSINESS SOLUTIONS LIMTED
Mumbai
06.2019 - 03.2020
- Company Overview: TATA CAPITAL FINANCIAL SER LTD
- Handling RTGS & NEFT UPI Reconciliation
- Daily CF & SME Open data Reconciliation
- ALL RTGS open Credit data MIS
- Daily Follow up Book debit RTGS & NEFT Open data
- Daily and month end reconciliations of operations core trade capture systems to the firms' books and records
- Daily Monitoring UTR Miss matches case
- All transactions RTGS, NEFT, UPI Only HDFC, ICICI Reconciliation
- Preparing MIS on daily basis in relation of Pending Buckets and Reconciliation
- Weekly open data RTGS data MIS
- NACH (National Automated Clearing House) transactions Reconciliation
- ECS (Electronic Clearing Service transactions) Reconciliation
- Bill Desk Payment Gateway Reconciliation On daily basis
- Monthly UTR Miss Match data MIS
- Auto Debit & Direct Debit Reconciliation
- Weekly MIS Bank opens credit & Debit
- Daily Verify Double entry in system
- Daily RTGS Sweep & Bank Charges Verify and manually Punch in system
- Cash Reconciliation on daily basis
- Trail Balance & General ledger Reconciliation and matching daily basis
- TATA CAPITAL FINANCIAL SER LTD
RECONCILATION EXECUTIVE
PKF Proserv Pvt Ltd.
Mumbai
12.2017 - 06.2019
- Company Overview: L&T Finance Limited (Micro Loans)
- Monitoring Micro Loan (ML) Collection & Disbursement Reconciliation
- BRS Handling of ML Collection & Disbursement
- Preparing the Bank charges Data on Monthly Basis and Sharing to Treasury Team
- Solving the Queries from IT Team regarding the system reconciliation issues
- Monitoring the Auto Recon Percentage on Daily basis
- Delivery ideas for a better process efficiency or costs savings opportunities
- ML Collection reconciliation of bankbook and bank statement against the receipt flow in System
- Preparing monthly wise MIS for Audit purpose
- Preparing the Bank charges Data on Monthly Basis
- Preparing MIS on daily basis in relation of Pending Buckets and Reconciliation
- Preparing MIS reports to provide feedback to top management on Business operations
- Driving the Projects of ICICI Bank -I Pay Sure and Axis Bank Easy Pay Deposition for Increasing the Auto Percentage and running the daily process smoothly
- Part of Migration from BR.NET System to ONELMS
- Manual Recon Activity of Disbursement move to Reconciliation Tool for Automation
- Performing the UAT and providing the suggestion for adding new functionality in Recon tool for Automation and Process Improvement
- Preparing the Quarterly & Monthly Submission file for Higher Management
- After downloading the Bank Statement, the closing balances are verified
- All General Ledger Reconciliation
- Reconciliation with Monthly Expenses viz Monthly Budget
- Collating bill-wise details from the clients and handover the same to Accounts Department for punching
- Flash Insta credit report on daily basis to MCM's, RM, SH, BH & Treasury to relate all the open entries in BRS, with aging bucket & remark
- Contra transactions are identified manually and pass the entries thru Any recon System for further closure
- Disbursement reconciliation against the payment flow in system
- Monthly Bank Account Reconciliation and Suspense Account Reconciliation and Clearing the same for respective Branch.
Education
Diploma and financial accounting (DFA) -
National institute of Computer technology
Bangalore01.2017
B. Com -
Faizabad University
01.2016
H.S.C -
UP Board
01.2013
S.S.C -
UP Board
01.2011
Skills
- MS Office
- Tally ERP 90
- Data analysis
- SAP
- Fin one
- OTC
- Bank Guarantees(BG)
- Oracle
- Outlook
- Life Asia
- Sun system
- CMS
- Banking
- Cash Flow Analysis
- Letter of Credit(LC)
- Treasury Accounting
- Bank reconciliation
- Financial analysis
- Cash flow management
- Process improvement
- Treasury operations
- Vendor management
- Stakeholder engagement
- Confidentiality maintenance
- Effective communication
- Team collaboration
- Problem solving
- Deadline oriented
- Variance analysis
- Oracle financials
Aadhaar Number
489516737861
Accomplishments
Q CONNEQT Star Performer for Month AUG& SEP 2019.
Declarations
I hereby declare that the particulars given here in are true to best of my knowledge and belief, understand that if any information given above is incorrect my candidature is liable to be rejected.
Personal Information
- Pan Number: AMNPY4739P
- Father's Name: Mr. Raj Bahadur Yadav
- Date of Birth: 09/13/95
- Nationality: Indian
- Marital Status: Single
Languages
Hindi
Beginner
A1
English
Elementary
A2
Marathi
Intermediate
B1
Timeline
Regional Accountant Manager
SBI General Insurance
05.2024 - Current
SR. Finance & Accounts Executive
Catalyst Corporate service Pvt.Ltd.
08.2023 - 05.2024
SR. Associate
Manpower Group
12.2020 - 08.2023
Associate
Q CONNEQT BUSINESS SOLUTIONS LIMTED
06.2019 - 03.2020
RECONCILATION EXECUTIVE
PKF Proserv Pvt Ltd.
12.2017 - 06.2019
Diploma and financial accounting (DFA) -
National institute of Computer technology
B. Com -
Faizabad University
H.S.C -
UP Board
S.S.C -
UP Board