Reconciliation Analyst – Faulu MFB at Old Mutual
Job Description
Job Summary
The role holder is responsible for reconciliation of bank and customer accounts. He/she will be expected to co-ordinate with various stakeholders to ensure adherence to processes and prepare reconciliation status reports. He/she also interacts with internal and external stakeholders and understand user department requirements in addition to ensuring that they appreciate the importance of the reconciliation process as a control measure aimed at safeguarding bank assets from potential losses. Reconciliation Analyst open role.
Key Duties & Responsibilities
- Collate data from bank accounts, analyse the same for reconciliation, check for variances and ensure to notify the relevant stakeholders for resolution
- Engage managers and other stakeholders within user departments to co-ordinate reconciliation related activities
- Collate, analyze data, identify anomalies and ensure relevant rectifications are made by the user department
- Responsible for timely completion of reconciliation of all assigned accounts as per defined timelines
- Prepare and organize supporting documentation for reconciliations as provided by impacted department on own initiatives
- Ensure processing of rectification entries within thresholds allowed as per policy
- Handle branch queries / guide on recon requirements
- Take initiative on resolution of issues / dependencies with concerned people (Branch Managers / Unit heads) and follow through to logical closure and within acceptable timelines
- Track and monitor reconciliation activities both in Branches and Head office (Finance, Human Resources
- Credit Division, Bancassurance, Treasury Operations, Cash operations)
- Develop understanding of related processes and inter-dependability between teams, have broad understanding of underlying data structures and end to end processes
- Prepare status/ summary reports (matrix reports) for internal circulation
- Envision scope for more effective performance of prescribed responsibilities through enhancements, technical or otherwise.
- Resolve concerns raised by team / escalate at appropriate levels
Educational Qualifications, Experience, & Skills Required
- Bachelor’s degree in business administration, Finance, Accounting or related fields
- Professional Certification in Accounting such as CPA or ACCA
- Excellent communication skills – both oral and written
- Excellent work ethics and research skills coupled with the ability to handle multiple assignments
- Good people management skills, conflict resolution skills
- Ability to prioritize & multitask successfully to ensure deadlines are met
- Effective team player ensuring the team goals are achieved through collaboration
- Knowledge of Bank Reconciliation
- Knowledge of general accounting practices and principles
- Knowledge of Bank Reconciliation
- Knowledge of general accounting practices and principles
- Excellent communication skills – both oral and written
- Excellent work ethics and research skills coupled with the ability to handle multiple assignments
- Good people management skills, conflict resolution skills
