Manager - RTR (Bank Reconciliation and Reporting)

Dentsu is committed to driving a robust and consistent control environment, and this role plays an important part in that. The role will be part of the US RTR team based in Bangalore and will work closely with the reporting manager to support and provide services to ensure a smooth month-end process and strengthen the control environment.

He/She is responsible for leading and managing complex bank reconciliation operations, ensuring compliance, accuracy, and efficiency in financial transactions. This role involves strategic oversight, process optimization, and driving automation initiatives while mentoring a team of reconciliation professionals. The ideal candidate will have strong leadership skills, extensive experience in financial reconciliation, and a keen eye for risk management and financial reporting. She/he will need to collaborate across multiple groups of stakeholders and manage the delivery of tasks.

The role requires a responsive, proactive, exceptionally well-organized person. The person must also have strong analytical skills, leadership abilities, a deep understanding of financial reconciliation and reporting, good communication and presentation skills, and the ability to communicate with all levels of management and collaborate with various teams and stakeholders.

Shift Timings: The role will operate in shifts per the following:

• Month-end close (WD-5 to WD+5) – 2:30 pm IST to 11:00 IST (7:30 am EST to 3:30 EST)

• Non-month end – 5:30 pm IST to 3:00 am IST (5:00 am EST to 1:30 EST)

Key Responsibilities

• Lead the bank reconciliation process for multiple business units, ensuring timely and accurate completion.
• Review daily, monthly, and quarterly reconciliations for accuracy, completeness, and compliance with internal policies and regulatory requirements.
• Investigate and resolve discrepancies or issues in reconciliation, working closely with internal teams and banking partners.
• Monitor and ensure proper controls are in place for reconciling various banking transactions, including deposits, payments, and transfers.
• Prepare detailed reports and summaries of reconciliation results for senior management and other stakeholders.
• Oversee and mentor junior team members, providing guidance and training on best practices for reconciliation and financial reporting.
• Collaborate with accounting, finance, and treasury teams to resolve any issues or improve reconciliation processes.
• Ensure that all transactions are recorded accurately in the financial systems and maintain proper documentation for audit purposes.
• Assist with month-end and year-end closing processes, including reconciliations and related reporting.
• Identify opportunities for process improvements to enhance the efficiency and effectiveness of reconciliation workflows.
• Stay up-to-date with changes in banking regulations, financial reporting standards, and best practices related to reconciliations.

Preferred Skills:

• Minimum of 7-10 years of experience in bank reconciliations, preferably within a senior role and over 12+ years overall experience
• Experience with treasury and cash management functions.
• Familiarity with audit processes and financial compliance regulations.
• Proactive approach to process optimization and problem-solving.
• Knowledge of OTC and PTP processes to work effectively.
• Detailed understanding of different payment systems used in the US will be an added advantage
• Previous experience in mentoring or leading teams is highly desirable.

Skills Required
Bank Reconciliation, Payment Systems, Process Optimization, Financial Reporting