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Reconciliation Officer

Our client, in the financial sector, is looking for a Reconciliation Officer

Reporting to the Manager, the successful candidate will be responsible to perform daily reconciliations & Suspense accounts and follow up on outstanding items with processing units. Reviewing end month reconciliations to ensure high quality reconciliations in the bank and detect unacceptable transactions.

Main responsibilities:
  • Confirming Bankmaster ledger and Nostro entries are updated in Intellimatch. 
  • Reconciling daily Nostro Account and other suspense accounts.
  • Preparing and broadcasting list of outstanding items in the accounts reconciled.  
  • Querying old, strange outstanding entries on accounts reconciled
  • Keeping custody of Nostro statements. 
  • Ensuring the reconciliation of Head Office Suspense Accounts.
  • Sensitizing staff on reconciliation
  • Ensuring that daily reconciliations are carried out
  • Initiating the return of unknown funds in our Nostro accounts.
  • Reconciliations completed and followed up within established turnaround times
  • Ensuring that each department is updating the Reconciliations with their comments and that proper follow up is being done within established turnaround times.
  • Initiating queries relating to unknown statement debits/credits & carry out follow-ups on queries.
  • Checking and investigating entries that have defaulted into system suspense accounts.
  • Updating senior management on quality of reconciliation and issues meriting their attention.
  • Prepare and submit month end reconciliation MI Escalate any unattended entries as per SLA
  • Diploma
  • A minimum of 2 years of experience as Reconciliation Officer or any similar role Applied knowledge of a variety of banking transactions.
Candidate profile:
  • Advance MS Excel knowledge.
  • Ability to complete tasks and projects in a structured manner by employing effective planning and prioritising skills.
  • General awareness of risk management practices in a financial services organisation
  • Another behaviour associated with the “Checking Details” competency is being accurate.

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