Accounts and Reconciliations Officer at Coronation Merchant Bank

Department

Centralised Operations

Reports To

Team Lead, Accounts & Reconciliations

Direct Reports/ Subordinates

Job Grade Level

  Contract
Key Duties and Responsibilities

• Perform and evaluate general reconciliation of transactions
• Ensure that processes are in place to measure and monitor operational and financial effectiveness.
• Coordinate reconciliation of all bank accounts, and identify and rectify all variances and exceptions
• Carry out Vendor reconciliation/ Supplier reconciliation and address discrepancies. Put in place adequate controls to minimize discrepancies
• Carry out reconciliation of customer accounts to the general ledger balances. Identify irregularities and ensure prompt resolution
• Reconcile the payroll accounts to the company’s accounting systems
• Maintain a comprehensive record of all approved invoices, bills and payment supports

Key Requirements

Education and Work Experience

• Bachelor's Degree in Finance / Accounting or relevant field
• 2 - 3 years’ experience in similar role

Skills and Competencies

• Analytical thinker with strong conceptual and problem-solving skills
• Meticulous attention to detail with superb organizational skills.
• In-depth knowledge of financial regulations and accounting processes.
• Experience reconciling accounting figures and financial records
• Outstanding analytical and time management skills
• Appropriate handling of sensitive information
• Ability to work to deadlines
• High level of attention to detail
• Excellent written and verbal communication skills
• Strong client relationship management and customer service skills
• Team player with the ability to work with multiple parties
• Intermediate to advanced computer software skills, including Excel and Accounting packages

Key Performance Indicators

• A comparison of actual completion to scheduled completion
• Completeness of reconciliation register
• The percentage of reconciliations completed on time
• The percentage of reconciliations that were auto reconciled
• Frequency of material errors and omissions on management reports
• Frequency of fraud incidences
• Accuracy and timeliness of management reports