Reconciliation Officer at Excel and Grace Consulting

Role Summary

• The Reconciliation Officer is responsible for ensuring the accuracy, completeness, and integrity of all financial transactions within the organization.
• The role requires strong attention to detail, discipline, and the ability to promptly detect and resolve discrepancies across all savings, loan, and operational accounts.

Key Responsibilities

• Reconcile all daily, weekly, and monthly transactions across cash, bank accounts, POS, transfers, field agents, and digital platforms
• Match field agents’ collections with bank statements, system records, and savings registers
• Verify savings deposits, loan repayments, charges, and other inflows before confirmation and posting
• Identify, document, and immediately escalate discrepancies, shortages, excesses, or missing entries
• Investigate reconciliation differences and provide clear, evidence-backed explanations
• Work closely with Accounts, Operations, and Field Supervisors to resolve reconciliation issues promptly
• Maintain accurate reconciliation schedules, registers, and supporting documents
• Prepare and submit periodic reconciliation reports to Management within approved timelines
• Ensure compliance with internal controls, financial policies, and approved procedures
• Support internal audits, external audits, and regulatory reviews with complete reconciliation records

Key Performance Indicators (KPIs)

• Timely completion of daily, weekly, and monthly reconciliations
• Reduction in unresolved discrepancies and reconciliation backlogs
• Accuracy level of reconciled transactions
• Speed of discrepancy detection and resolution
• Quality and clarity of reconciliation reports submitted to Management
• Compliance with internal financial controls and audit requirements

Required Skills & Competencies

• Strong numerical accuracy and attention to detail
• High level of integrity and confidentiality
• Ability to work with financial records, statements, and reports
• Good communication and reporting skills
• Strong problem-solving and investigative ability
• Ability to work under pressure and meet strict deadlines
• Basic knowledge of thrift, cooperative, microfinance, or financial operations is an advantage.

Remuneration

• Salary: N100,000 / month.
• Benefit: Performance Based reward