Finance Reconciliation Analyst at TeamAce Limited

Summary

• The Finance Reconciliation Analyst will play a pivotal role in ensuring the accuracy and integrity of financial data within our e-commerce/fintech company.
• This role requires meticulous attention to detail, strong analytical skills, and the ability to reconcile revenues and expenses, ensuring they are correctly posted to the appropriate ledgers.
• The ideal candidate will have a solid understanding of finance principles, experience with reconciliation processes, and a proactive approach to problem-solving.

Responsibilities 
Key responsibilities include:

Reconciliation of Financial Data

• Conduct daily, weekly, and monthly reconciliation of revenue and expense accounts.
• Compare financial records from multiple sources to ensure accuracy and identify discrepancies.
• Investigate and resolve variances in a timely manner, collaborating with relevant stakeholders as needed.

Ledger Management:

• Post reconciled transactions to the appropriate ledgers in accordance with company policies and accounting standards.
• Maintain organized and up-to-date ledger records, ensuring proper documentation for all transactions.
• Monitor ledger activity to identify trends, anomalies, and potential areas for improvement.

Reporting and Analysis:

• Generate regular reports detailing financial reconciliations, variances, and trends.
• Analyze financial data to provide insights and recommendations for process enhancements or corrective actions.
• Prepare ad hoc financial reports as requested by management or other stakeholders.

Process Improvement:

• Continuously evaluate reconciliation processes and procedures, identifying opportunities to streamline workflows and improve efficiency.
• Develop and implement best practices for financial reconciliation to minimize errors and mitigate risks.
• Collaborate with cross-functional teams to implement system enhancements or automation tools to improve reconciliation processes.

Compliance and Audit Support:

• Ensure compliance with regulatory requirements and internal controls related to financial reconciliation.
• Support internal and external audit activities by providing documentation, explanations, and assistance as needed.
• Participate in audit reviews to address findings and implement corrective actions.

Education / Qualifications

• Bachelor’s Degree in Finance, Accounting, or related field. ICAN/ACCA certification is a plus.
• Proven experience (at least 3 years) in financial reconciliation, preferably within the e-commerce or fintech industry.
• Strong understanding of accounting principles and financial reporting standards.
• Proficiency in financial software and tools such as Microsoft Dynamics 365, Xero, and Excel.

Skills / Abilities:

• Excellent analytical and problem-solving skills with keen attention to detail.
• Ability to work independently and collaboratively in a fast-paced environment.
• Effective communication skills, both written and verbal, with the ability to interact confidently with stakeholders at all levels.