Junior/ Executive, Payment Monitoring & Reconciliation

Job Description

Title: Junior/ Executive, Payment Monitoring & Reconciliation

Company Name: ACI Motors Limited

Vacancy: --

Age: 24 to 34 years

Job Location: Dhaka (Tejgaon)

Salary: Negotiable

Experience:

• At least 2 years
• Freshers are also encouraged to apply.

• BBA/ MBA in Finance, Accounting, or a related discipline.

• At least 2 years
• Freshers are also encouraged to apply.

• Age 24 to 34 years

• Software proficiency specially MS-Office Suite

• Good at communication and networking

• Good at data analysis & problem-solving

Job Context

• ACI Motors Limited is one of the most growing concerns of ACI Limited. We have Agri Machineries (Tractor, Harvester, Power Tiller, Diesel Engine, Rice Transplanter & Water Pump), Automobiles (Yamaha Motorcycles), Infrastructural Equipment (Kobelco, Case, Lovol & Jungheinrich), Tire (CEAT), Commercial Vehicles (Foton) & Diesel Generator (YorPower, Himoinsa & Wechai) etc. in our product line.

• To continue the business growth and sustainability, we are looking for suitable job incumbents who will ensure accurate and timely verification of customer collections through effective reconciliation, discrepancy resolution, and coordination with stakeholders, while supporting smooth credit operations, reliable reporting, and timely financial closures.

Job Responsibilities

Core Operations & Verification

• Daily Collection Confirmation: Execute timely and accurate confirmation of all customer collections by verifying incoming funds against bank statements. Track advance payments, security deposits, and adjustments related to showroom, warehouses employees.

• System Reconciliation: Perform daily, weekly, and monthly reconciliations between bank statements, the core banking system, and internal records (SDMS). Support month-end and year-end closing activities by providing supply chain related financial data, reconciliations, and supporting documents.

• Voucher Validation: Monthly checking all receipt vouchers to ensure they align perfectly with collection records and bank credits.

• Discrepancy Resolution: Proactively identify and investigate mismatches between "Payment Received" statuses and actual bank credits to ensure data integrity.

Communication & Coordination

• Stakeholder Verification: Actively coordinate with customers and third-party partners to verify successful payment transfers and resolve pending receipts.

• Treasury Liaison: Partner with the Group Treasury team to secure timely bank statements and ensure all financial data is recorded in the correct accounting period.

• Credit Management: Authorize the immediate clearing of "Credit Limits" on customer accounts once payment confirmation is finalized to facilitate ongoing sales by raising new invoices.

 Reporting & Strategic Support

• Management Reporting: Monitor outstanding collections and provide comprehensive aging and status reports to the CFO.

• SCM Support: Support the Supply Chain Management (SCM) team by ensuring accurate collection records, enabling them to generate timely and accurate invoices.

• Month-End Excellence: Assist the Finance Operations team in achieving precise month-end closures by meeting all recording and reporting deadlines consistently.

 Others

• Ad-hoc Assignments: Execute additional tasks and special projects as assigned by management to support evolving business needs.

• Profit share,Provident fund,Insurance,Gratuity
• Salary Review: Yearly
• Festival Bonus: 2

• Competitive salary & KPI based incentives

• Performance driven career path

• Excellent working environment