Treasury Officer- Reconciliations at CapitalSage Technology Limited

About the job

• The Treasury Officer, Reconciliations ensures the accuracy and integrity of financial transactions in the Group by reconciling incoming and outgoing payments with bank statements and financial records. Additionally, the officer supports cash flow monitoring by identifying discrepancies that could impact liquidity and assist in tracking fund transfers, bank charges, and transaction fees to maintain financial accuracy and transparency.

Bank Reconciliation & Payment Matching

• Ensure all incoming and outgoing payments are accurately recorded and reconciled with bank statements.
• Match bank transactions with financial records to ensure completeness and correctness.
• Investigate and resolve any discrepancies between bank statements and ledger records.

Reconciliation & Collection Activities

• Perform daily, weekly, and monthly reconciliations of all bank accounts.
• Reconcile collections to ensure that all received funds are correctly posted.
• Maintain detailed records of reconciliations and report unresolved discrepancies for corrective action.

Posting of Charges & Interests

• Record all bank charges, interest income, and other financial adjustments in the accounting system.
• Verify the accuracy of charges applied by financial institutions and escalate discrepancies when necessary.
• Ensure all transactions are properly classified and documented in line with accounting policies.

Cash Flow Monitoring & Discrepancy Resolution

• Identify discrepancies in cash flow movements that may affect liquidity and report them for corrective action.
• Ensure timely resolution of reconciliation issues to prevent financial inaccuracies.
• Work closely with the finance team to provide insights into financial trends and irregularities.

Tracking Fund Transfers, Bank Charges & Transaction Fees

• Monitor and track fund transfers to ensure proper documentation and reporting.
• Verify bank charges and transaction fees to confirm their accuracy and legitimacy.

Financial Reporting & Compliance

• Support in the preparation of periodic reconciliation reports highlighting key findings, outstanding items, and corrective actions.
• Ensure all reconciliations are performed in compliance with company policies, regulatory requirements, and audit standards.
• Maintain proper documentation of reconciliations for audit and regulatory review.

Requirements

• B.Sc. in Accounting, Banking & Finance.
• Professional qualifications such as ACA, ACCA, or CFA will be an added advantage.
• A minimum of 1 to 2 years of relevant experience.
• Strong computer literacy is essential, with advanced proficiency in Microsoft Excel.
• knowledge of Nigerian Accounting Standards and International Financial Reporting Standards (IFRS).