Job Purpose
The role holder will be responsible for delivering effective reconciliation of acquiring and issuing card accounts, cards settlements, GLS preparation, Merchants payment, Agency Banking, prepaid and credit cards accounts, chargebacks, ATMs accounts and intercompany accounts. Ensuring unreconciled items are promptly resolved. He/she will ensure Complete, timely and accurate accounting and reporting of all transactions are made in accordance with International Accounting Standards as well as the Finance Control policy provided. He /She will ensure Internal controls around banks and General Ledger reconciliation are adequate, effective and functioning properly in addition to continuously improving efficiency, automation of processes in order to enhance integrity of the Bank’s financials.
Main Responsibilities
- Supervise and coordinate all cards and intercompany suspense accounts reconciliation activities undertaken by the respective sub-unit.
- Ensure accurate and timely reconciliation of cards and intercompany suspense accounts.
- Systematically investigate suspense on cards and intercompany accounts and ensure timely clearance.
- Supervise and analytically identify old and irrecoverable amounts on bank reconciliation and advise on how best to resolve them.
- Provide monthly returns of bank reconciliations for review by Management.
- Provide critical input in development and improvement of underlying processes, reports, and systems to facilitate ongoing improvement in efficiency and quality of reconciliation processes.
- Provide guidance, direction, and maintain controls by ensuring that reconciliation of card and intercompany accounts and returns are performed effectively on a periodic basis.
- Prepare and provide an aging report with age analysis for each account reconciled, further providing responses for unreconciled items with clear timelines.
- Ensure proper backup records of reconciliation reports.
- Review and develop business requirements for automation to enhance efficiency and reduce operational, regulatory, and reputational risk in the bank.
Daily Responsibilities
- Confirm all BPR transactions are going through with other companies.
- Supervise and coordinate the daily reconciliation of exceptions on intercompany suspense accounts and ensure returns are produced.
- Supervise all card suspense accounts reconciliation.
- Monitor entries on card transaction reversals.
- Perform any other task assigned by the immediate supervisor or Head of Operations.
Educational Qualifications and Work Experience
- Bachelor’s degree in Business Administration, Economics, Finance, or Banking.
- Minimum five (5) years’ experience in a relevant professional environment, managing reconciliation in a busy financial setup.
- Master’s degree is an added advantage.
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