Summary
Overview
Work History
Education
Skills
Certification
Languages
Timeline
Generic

PRABHAKAR SAHANI

Pune

Summary

Experienced Cash Application Specialist with a strong background in accurately processing and reconciling payments. Proficient in ERP systems such as Oracle and SAP, with a proven track record in improving process efficiency and customer satisfaction. Adept at handling payment posting, discrepancy resolution, and account reconciliation while providing exceptional customer service.

Overview

3
3
years of professional experience
1
1
Certification

Work History

Associate - Operations

WNS Global Services Pvt. Ltd.
Pune
07.2024 - Current
  • Processed High-Volume Transactions: Accurately applied daily cash receipts to customer accounts, ensuring all transactions were recorded promptly and correctly.
  • Reconciliation: Regularly balanced cash receipts with bank statements and resolved discrepancies between the general ledger and sub-ledger.
  • Wire Transfers: Electronic fund transfers, ACH, and wire transfers to customer's bank account.
  • Data Entry and Accuracy: Maintained a high level of accuracy in data entry, reducing errors and improving the efficiency of cash application processes.
  • Problem Resolution: Investigated and resolved unapplied and misapplied payments through research and communication with customers.
  • Process Improvement: Identified inefficiencies in cash application procedures and recommended changes to optimize the workflow.
  • Performed Comprehensive Cash Application Audits: Conducted detailed reviews of daily cash application entries to ensure compliance with company policies and accounting standards.
  • Audit Trail Documentation: Created and maintained thorough documentation of cash application processes and audit findings for internal and external review.
  • Process Standardization: Developed standard operating procedures (SOPs) for cash application auditing to maintain consistency and accuracy across financial reviews.

Apprentice - EPP

WNS Global Services Pvt. Ltd.
Pune
06.2023 - 06.2024
  • Payment Processing: Accurately process and post customer payments, including cash, checks, and credit card transactions.
  • Reconciliation: Reconcile daily cash receipts and resolve any discrepancies to ensure accurate financial records.
  • Reporting: Generate and analyze cash application reports to ensure accuracy and completeness.
  • Customer Interaction: Handle customer inquiries related to payments and account statuses.
  • Record Maintenance: Maintain and update customer files, including changes in name, address, or account details.
  • Compliance: Ensure all cash application processes comply with company policies and financial regulations.

Documentary Trade Operator

Deutsche Bank
Pune
12.2021 - 07.2022
  • Data Entry and Accuracy: Entered and verified Letter of Credit (LC) details in trade finance systems with a high level of accuracy, including LC terms, applicant and beneficiary information, and transaction specifics.
  • Transaction Processing: Executed the issuance, amendment, and cancellation of LCs in the system, ensuring compliance with UCP 600 and internal procedures.
  • Documentation Review: Verified LC applications and supporting documentation for completeness and accuracy before input, ensuring all required fields and conditions were met.
  • Swift Message Creation: Generated and reviewed SWIFT MT700, MT707, and related trade finance messages for LC transactions, ensuring accurate formatting and compliance.
  • System Updates: Maintained up-to-date records of all LC transactions, amendments, and closures within the trade finance system.
  • Error Identification and Resolution: Identified data entry errors, communicated discrepancies, and coordinated with relevant teams to resolve issues promptly.
  • Adherence to SLA: Ensured all LC input transactions were processed within specified service-level agreements (SLAs) and deadlines.
  • Internal and External Communication: Coordinated with Trade Finance Officers, clients, and banks to clarify and verify LC instructions and requirements.
  • Compliance Check: Ensured that LC inputs adhered to Anti-Money Laundering (AML), Know Your Customer (KYC), and sanction regulations.
  • Process Improvements: Recommended process changes to enhance accuracy and reduce input time for LC entries.
  • Transaction Monitoring : Monitored and flagged high risk transaction country in trade finance systems for further investigation.
  • Transaction Tracking and Reporting: Tracked the status of each LC transaction, generating periodic reports to provide management with insights on transactional trends and potential risks.

Education

Bachelors of Commerce - Cost & Works Accounting

Savitribai Phule Pune University - Pune
06.2018

Post-Graduation Diploma In Banking & Finance - Banking & Finance

NIIT - Pune
01.2018

Skills

  • Payment Posting
  • Reconciliation
  • Dispute Resolution
  • Analytical Skills
  • ERP Systems Proficiency
  • Customer Account Management
  • Cross-Department Collaboration
  • Attention to Detail
  • Problem-Solving Abilities
  • Process Improvement
  • Operational Efficiency
  • Key Performance Indicators
  • Standard Operating Procedures
  • Performance Tracking
  • Training and mentoring

Certification

SAP FICO (S4 Hana)

Languages

Hindi
First Language
English
Intermediate (B1)
B1
Marathi
Intermediate (B1)
B1

Timeline

Associate - Operations

WNS Global Services Pvt. Ltd.
07.2024 - Current

Apprentice - EPP

WNS Global Services Pvt. Ltd.
06.2023 - 06.2024

Documentary Trade Operator

Deutsche Bank
12.2021 - 07.2022

Bachelors of Commerce - Cost & Works Accounting

Savitribai Phule Pune University - Pune

Post-Graduation Diploma In Banking & Finance - Banking & Finance

NIIT - Pune

Similar Profiles

CREATE PROFILE
PRABHAKAR SAHANI