Bank Reconciliations Executive

31 يناير، 2023

0 0 2 دقائق

الوصف الوظيفي

About the role

As a member of the Bank reconciliations team you will be supporting the Divisional Finance Controlling teams and the Business Units in ensuring timely reconciliation of the Group’s bank accounts and reporting in relation thereto and also supporting the business units in enhancing customer experience by timely performing the activity of credit confirmations.

About the responsibilities

Receipt of Bank statements and Balance validation

Ensure all the Bank statements are received in SAP after due follow-up with the banks as required
In case of delays in receipt of bank statements or where automated receipt of bank statements is not enabled, manually download the statements from online banking platforms.

In case of Bank statements downloaded manually, ensure that the closing balance of the previous day matches with the opening balance of the current day.

Reconciliation of bank accounts:

Run the scheduler to automatically clear open line items where matching references exist.
Perform manual matching of open line items wherever possible after ensuring adequate matching criteria exist and due confirmations are obtained

Reporting of open line items:

Ensuring that all the open line items at the end of the day are reported to relevant internal stakeholders- Business Finance, Divisional Financial Controlling, FSSC-O2C, FSSC- I2P, Global Treasury Centre etc. for timely investigation and resolution.
Ensuring that any open items that needs investigated at the banks’ end are reported to the banks for investigation and resolution
Ensuring that any instances of cheque dishonours and amounts debited by bank but not accounted by us are promptly bought to the notice of businesses/other concerned stakeholders.

Credit confirmations:

Ensuring that all queries from business teams in relation to deposit of cash or cheques by customers are reviewed and responded after referring to the online banking reports so that timely delivery of goods/services by business teams is ensured

Accounting and Audit:

Ensuring all bank charges are accounted in consultation with Treasury and FSSC-I2P.
Supporting internal and external audit processes in relation to bank reconciliations

المهارات

About the Requirements

Minimum Qualifications and Knowledge

Professional accounting qualification
A bachelor’s degree in commerce/financial management/ accountancy with about three years of experience within the bank reconciliations function of a medium to large organization or banks.
Analytical, process oriented, good communication skills, exposure to ERP
Should be able to plan and prioritize tasks, persuasive skills, Kaizen attitude, Self-motivated; and a strong team player.