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Cellulant Group
Senior Analyst : Reconciliation
Nairobi, Kenya
Closing: Jun 18, 2024
9 days remainingPublished: Jun 5, 2024 (4 days ago)
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Job Summary
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As the Senior Analyst: Reconciliation, you will play a vital role in executing reconciliation policies for the organization, running the reconciliation processes and ensuring the accuracy of financial data for our clients while maintaining the single source of truth on all portfolios assigned to them.
This role requires a deep understanding of financial operations and accounting, attention to detail, and the ability to execute on process improvement initiatives.
This role will report to the Senior Manager: Reconciliation
QUALIFICATIONS & EXPERIENCE:
- At least 5 years experience in accounting with 3-5 years experience managing reconciliation within a financial institution (preferably a bank) and a thorough understanding of digital payment services, processes, and procedures.
- Knowledge of the foreign exchange market, processing cross-border payments, and management of multiple currencies within a digital ecosystem, as well as an understanding of the risks associated with managing transactions in multiple jurisdictions.
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
- Knowledge of regulatory and compliance requirements in the financial industry.
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
- Knowledge of regulatory and compliance requirements in the financial industry.
- Proficiency in reconciliation software and tools.
- Experience in the financial services industry is highly desirable.
- Bachelor’s Degree in Finance/ Accounting or related field.
SKILLS AND ATTRIBUTES PREFERRED:
- Financial Accounting.
- Reconciliation Process & Procedures.
- Data Management.
- Stakeholder engagement.
- Detail-oriented with a commitment to accuracy.
- Excellent communication and interpersonal skills.
- Adaptability and learning agility.
- Grit.
Responsibilities
As the Senior Analyst: Reconciliation, you will play a vital role in executing reconciliation policies for the organization, running the reconciliation processes and ensuring the accuracy of financial data for our clients while maintaining the single source of truth on all portfolios assigned to them.
This role requires a deep understanding of financial operations and accounting, attention to detail, and the ability to execute on process improvement initiatives.
This role will report to the Senior Manager: Reconciliation
QUALIFICATIONS & EXPERIENCE:
- At least 5 years experience in accounting with 3-5 years experience managing reconciliation within a financial institution (preferably a bank) and a thorough understanding of digital payment services, processes, and procedures.
- Knowledge of the foreign exchange market, processing cross-border payments, and management of multiple currencies within a digital ecosystem, as well as an understanding of the risks associated with managing transactions in multiple jurisdictions.
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
- Knowledge of regulatory and compliance requirements in the financial industry.
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
- Knowledge of regulatory and compliance requirements in the financial industry.
- Proficiency in reconciliation software and tools.
- Experience in the financial services industry is highly desirable.
- Bachelor’s Degree in Finance/ Accounting or related field.
SKILLS AND ATTRIBUTES PREFERRED:
- Financial Accounting.
- Reconciliation Process & Procedures.
- Data Management.
- Stakeholder engagement.
- Detail-oriented with a commitment to accuracy.
- Excellent communication and interpersonal skills.
- Adaptability and learning agility.
- Grit.
- Manage daily, weekly, and monthly reconciliation to ensure accuracy and visibility of the cash position of the business at the designated cadence and prepare management reports on the status of reconciliations.
- Maintain detailed knowledge of recon procedures, risks, systems, and processes to effectively execute the recons process and liaise with key stakeholders to resolve queries.
- Regularly perform audits of the reconciliation process as guided by the Senior Manager: Reconciliation to ensure adherence to set procedures and identify gaps and areas for improvement, and where required follow up on long outstanding exceptions and monitor high-risk/high-value items to ensure that all exceptions are resolved on time.
- Monitor all accounts to check for any anomalies that may arise during the reconciliation processes.
- Manage exceptions in the recon process by liaising with relevant teams to resolve disputes and ensure exceptions are resolved promptly.
- Resolve any escalated queries promptly.
- Stay up to date and understand the best practices in the same and related industries to ensure Cellulant reconciliation procedures are up to par and best in class at all times.
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