Officer, Digital Reconciliations

To reconcile suspense accounts or match entries / records across accounts / records and take required action that will achieve an outcome where open / unmatched items are correctly resolved and reported on in the general ledger within defined turnaround times (TATs). To contribute to the process of improving automating digitising and/or eliminating reconciliations.

• Adhere to Financial hygiene practices by ensuring data used for reconciliation is complete (relevant if reconciliation is performed in tool that sits outside database containing master records).
• Continuously maintain an understanding of policies processes procedures and systems and review said to ensure all reconciliations are aligned accordingly and with the view to find better ways to execute tasks improve systems improve training material improve functional performance and to influence Group Standards.
• Define and agree the periods for which substantiation records must be produced and agree on the layout for such record and other information to be provided.  A good substantiation record would contain the Balance(s) of the suspense account or records being reconciled per the official record(s) volumes values and age of open / unmatched items grouping by reason of open / unmatched items specific commentary pertaining to unusual items and items that are outside of the agreed turnaround times.
• Reconcile entries / records through matching in a suspense account or between accounts / records (e.g. across accounts in different legal entities or account to bank statement recon) in order to ensure sound financial control.
• Execute reconciliation activities in line with the agreed policies procedures and service level agreements. Identify root cause of open / unmatched items and taking appropriate action that will result in resolution of items within defined timelines - e.g. contacting parties to make a payment in order to close out on an open debtor or credit note record.
• Measure monitor and report on service delivery metrics and performance against agreed standards to ensure effective delivery to clients as per the service level agreements.

Qualifications :

• First Degree Finance and Accounting or related from a recognised Institution
• Atleast 2 years experience as a Reconciliation Officer or any similar role would be required.
• Advanced data analysis and ability to apply concepts and practices for analysing financial control processes
• Product knowledge and understanding of payment instruments and eco-systems.
• Knowledge of financial accounting principles classifying measuring and recording transactions using the financial systems of the Bank.
• Able to design control measures and checks in accounting and financial processing activities to mitigate risks of errors omissions and fraud.

Additional Information :

Technical Competencies:

• Data Management (Trading Transacting)
• Financial Accounting
• Financial and Accounting Control
• Financial Systems Administration
• Reconciling Financial Records
• Risk Management

Behavioural Competencies:

• Adopting Practical Approaches
• Articulating Information
• Checking Things
• Documenting Facts
• Examining Information
• Following Procedures
• Interacting with People
• Interpreting Data

Remote Work :

No

Employment Type :

Full-time