Reconciliation Analyst at TradeDepot

Job Summary:

As a Reconciliation Analyst, you will play a vital role in verifying and maintaining the accuracy of financial data and ensuring that financial records and accounts are in alignment. You will be responsible for identifying discrepancies, investigating the root causes, and facilitating the resolution of any discrepancies to ensure financial integrity. Your work will contribute to the organization's financial transparency and compliance.

Key Responsibilities:

• Account Reconciliation: Perform daily, monthly, and periodic reconciliations of financial accounts, such as bank statements, partner platform accounts, and vendor statements.
• Discrepancy Identification: Identify discrepancies and variances between financial records, investigate their root causes, and collaborate with relevant teams to resolve issues.
• Loans: Review loans booked and confirm settlement made to/received from Trade Partners/Pay Partners using all relevant platforms, and recouping of funds where excess settlement is established.
• Settlement: Liaise with other reconciliation teams and other departments on settlement related issues. Analyse daily settlement from partners and liaise with the relevant party if necessary.
• Data Analysis: Analyze financial data to ensure it adheres to accounting standards and internal policies, making adjustments or corrections as necessary.
• Documentation: Maintain detailed records of reconciliation activities, including the resolution of discrepancies, and create weekly reports for management review.
• Process Improvement: Continuously review and improve reconciliation processes, implementing automation or other efficiency measures when appropriate.
• Quality Assurance: Ensure the completeness and accuracy of financial data, detecting errors and preventing discrepancies in future reconciliations.
• Compliance: Ensure compliance with financial regulations, industry standards, and internal policies during the reconciliation process.
• Communication: Collaborate with various departments, such as credit operations, finance and auditing, to resolve discrepancies and maintain open communication regarding financial data.
• Reporting: Generate and present regular reconciliation reports to management and stakeholders, highlighting key findings and areas for improvement.

Qualifications:

• Education: A bachelor's degree in finance, accounting, business, or a related field is typically required.
• Experience: At least 3 years of experience in financial analysis, accounting, or a related role, with a focus on reconciliation and data accuracy.
• Analytical Skills: Strong analytical skills and attention to detail to identify and resolve discrepancies in financial data.
• Technical Proficiency: Proficiency in financial software, spreadsheet applications, and reconciliation tools.
• Communication Skills: Effective communication skills, both written and verbal, to convey complex financial information and collaborate with other departments.
• Problem-Solving: Strong problem-solving abilities to investigate and resolve financial discrepancies.
• Adaptability: Flexibility to adapt to changing business conditions and priorities.