This job is in-charged in making sure that the working fund available is enough to fund the disbursements made. This also ensures that all bank account transactions are reconciled to the general ledger on daily basis and assist with clearing non-reconciling items.
1.Preparation of Cash Position Report
- Monitors daily beginning cash balances of all assigned bank accounts;
- Estimate deposits in transit and cash float;
- Projects daily sales per branch;
- Facilitates the Fund Transfer to disbursing;
- Ensures that fund transfers go to the right account;
2.Bank Reconciliation and Statement of Cash Flow
- Reconciles unmatched items of Bank Statement vs General Ledger in Netsuite that were not reconciled by the associate;
- Journalizes necessary adjusting entries;
- Coordinates with other departments for the data necessary for the bank reconciliation and cash flow [ex. Accounting (A/R Team, GA Team), Disbursing Team and Treasury];
3.Bank Account Management
- Facilitates Opening an account;
- Facilitates Closing an account;
4.Reportorial
- Facilitates Bank Reconciliation;
- Prepares Line chart analysis on the daily bank balances of disbursing accounts;
- Prepares Cash Management Dashboard;
- Prepares Statement of Cash Flow.