GL Reconciliation Officer

• University Degree in Business related studies or equivalent
  

Professional:

• CPA will be an added advantage
  

Desired work experience:

• At least 2 years’ experience in banking operations,
  
• Experience in internal accounts reconciliations is an added advantage
  
• A working knowledge of a bank’s operating systems, controls and general banking
  
• Knowledge of regulatory and statutory requirements
  
• Practical experience in use of relevant MS Office applications
  
• Competency in the use of INTELLIMATCH and T24 bank systems
  

• Monitor and report operational losses in nostros and other suspense accounts such BOU penalties and unnecessary charges. Ensure all debits to accounts are explained on the first day of reconciliation.
  
• Perform reconciliation of accounts related to Internal Accounts
  
• Follow up with the units concerned to ensure all the outstanding items, for Internal Accounts are resolved within the set standards and issues of non-compliance escalated as per the escalation matrix.
  
• Spearhead recovery efforts of any duplicated transactions in conjunction with the product owners, IT and contact centre
  
• Follow up on the suspense account ownership sign offs with the unit heads across the bank
  
• Reconcile accounts that maybe assigned by the supervisor.
  
• Support both internal and external audit processed by providing all information required by the auditors.
  
• Ensure there is optimum Intellimatch usage, increased automation in the reconciliation process
  
• Prepare a weekly exception report for long outstanding items for manager’s review and for inclusion in the monthly Risk Management Committee submissions
  
• Identify losses in processes by suggesting improvements to the existing controls, procedures and systems to bolster fraud prevention
  
• Revenue Assurance
  
• Support in Analysis of Actual Vs Expected revenue from all transactional revenue lines.
  
• Identifying uncollected charges in Nostro and other operational accounts (banker’s cheques, Merchants, card Centre and Funds transfer) and ensuring that the same is collected.
  
• Ensuring that all FX and MM deals are paid on time and follow up on interests for late payments.