Reconciliation Officer at Stanbic IBTC

Job Details

• Test Division Summary

Job Purpose

• To support the Team Leader, deliver prompt reconciliation of all accounts under review and ensure there are no long outstanding items that can lead to financial loss for the bank.

Key Responsibilities / Accountabilities

• Daily Review of GL balances
• Review and reconciliation of Suspense/Transit/Proxy Accounts
• Initiates process of investigation into unusual occurrence in the Branches / Head Officer suspense accounts.
• Ensure cleanliness and Integrity of all Internal/GL accounts in the branches / Head Office entities under coverage through the review of their proof of accounts
• Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence
• Follow up with Branches / Head Office entities on end of month suspense accounts proofs and all unmatched and outstanding items by generating written queries to the applicable unit / SOL
• Prompt rendition of month end reports on Suspense accounts exceptions and prompt rendition of monthly / Quarterly EFASS reports on Nostro accounts
• Ensure proper filing, storage and retreival for Nostro accounts

Minimum Qualification and Experience

• First Degree in Finance and Accounting
• Professional certification in Accounting (ACA,ACCA)
• Minimum of 3 years experience covering general banking (i.e. PBB OPS, CIB OPS & Branch Control, etc).
• Comprehensive knowledge of banking transaction processes relevant to products and services offered to customers; 
• Practical knowledge of how to input, access and utilize information to analyse Financial statement
• Understanding the branch service standard and practice