Reconciliation Officer at Meristem Securities Limited

Job Summary

• Attend to all shareholders' complaints as it relates to missing or outstanding corporate actions. Investigating all claims and ensuring adequate reconciliation and update of Clients' and shareholders accounts

Job Details

• Conduct periodic checks on all stocks related transactions (transaction call-over, stock reconciliation e.t.c) and reporting on same.
• Liaise with appropriate individuals to articulate reasons for exceptions and request additional information / updates.
• Researches and then resolves out-of-balance condition in clients' accounts by liaising with CSCS for relevant information/details.
• Raising appropriate correction entries based on reconciliation outcome and liaising with ICT for necessary adjustments.
• Writing shareholders / stockbrokers for refund or buy-back of reconciliation deficits, where applicable.
• Ensure full reconciliation of client account holdings between estock and CSCS records after diskette update.
• Review transaction documentation, status and accuracy levels in-line with agreed processes and SLAs.
• Reconciling discrepancies on global shareholding registers of client companies.
• Actively participate in the stock reconciliation exercise to determine the extent of misstatement of client account position and work with the team leadership in developing and implementing a sustainable reconciliation process going forward.
• Any other assignment as may be assigned by your supervisor

Requirements

• BSC in any management science/social science related discipline preferably in accounting. Finance, Business Administration
• Minimum of 2 years post NYSC work experience
• Experience with a similar position in the banking sector/financial services sector

Skills/Knowledge

• Personal Skill
• Numerate, thorough and intelligent.
• Good analytical skill
• Pay attention to details.
• Communication skill. (Written/Oral)
• Ability to convey reconciliation results in clear, brief and unambiguous terms.
• Ability to think outside the box and methodically
• Professionalism
• Possession of atleast intermediate knowledge of share registration.
• Computer Literacy.
• Proficiency in the use of Microsoft Office applications