Purpose

The role is responsible for ensuring timely reconciliation and reporting of assigned Bank general ledgers to provide an internal financial control that ensures bank general ledger account balances are materially accurate, accurate exception reports are approved and shared with stakeholders within SLA, and operational process gaps are corrected.

Primary Responsibilities

•  The Incumbent will report to the Manager-Reconciliations and will be responsible for:
  • Reconciling bank GLs within laid down procedures.
• Branch Suspense
• Nostro and Central Bank
  • Digital banking
• Card Operations
• ATMs and CDMs
• Finance
  • Clearing
  • Funds Transfer

Trade finance

• Following up on outstanding entries with product owners and ensure there are no outstanding items beyond specified lifespans.
•  Generating accurate reconciliation reports and share with stakeholders and users as per frequencies defined in the GL reconciliation process and policy.
• Working with the product owners and reconciliation supervisor to onboard manual reconciliations into the new automated reconciliation system and suggest improvements to the system.
• Investigating Outstanding items to determine root cause and follow up with stakeholders for closure.
• Flagging and escalating any suspicious activities noted on reconciled GLs to Reconciliation supervisor.
• Age Analyse and escalate outstanding items to stake holders as per predefined escalation Matrix to mitigate financial risk exposure due to long outstanding items.
• Provide support in documenting and maintaining system automated reconciliation procedures.
• Any other assigned duties by the supervisor

Requirements

Academic Qualifications

• Bachelor’s degree in business or any related field

Professional Qualification

• Professional accounting certification is an added advantage, CPA, ACCA.

 Work Experience

• 2 years and above Experience in Banking and Reconciliation

 Generic Competencies

• Able to demonstrate substantial relevant experience such that the tasks detailed in the job description can be carried out effectively.
• Proper Understanding of Bank products.
• Detailed Understanding of the Banks Operation Processes.
• End to end understanding of the transaction Accounting Flows.
• Risk associated with Reconciliation of the General Ledgers.

Skills & Attributes

• Analytical
• Proficient in Advanced Microsoft Excel
• Innovation
• Detail Oriented
• Adaptive (Agile)
• Customer Centricity
• Problem solving
• Communication
• Teamwork
• Supervisory