Associate, Centralized Reconciliation at I&M Bank

Purpose

The role holder is responsible for timely reconciliation and reporting of assigned Bank general ledgers to provide an internal financial control that ensures bank general ledger account balances are materially accurate, accurate exception reports are approved and shared with stakeholders within SLA, and operational process gaps are corrected.

Primary Responsibilities

• Follow up on outstanding entries with product owners and ensure there are no outstanding items beyond specified lifespans.
• Generate accurate reconciliation reports and share with stakeholders and users as per frequencies defined in the GL reconciliation process and policy.
• Work with the product owners and reconciliation supervisor to onboard manual reconciliations into the new automated reconciliation system and suggest improvements to the system.
• Investigate Outstanding items to determine root cause and follow up with stakeholders for closure.
• Flag and escalate any suspicious activities noted on reconciled GLs to Reconciliation supervisor.
• Age, Analyze and escalate outstanding items to stake holders as per predefined escalation Matrix to mitigate financial risk exposure due to long outstanding items.
• Provide support in documenting and maintaining system automated reconciliation procedures.
• Any other assigned duties by the supervisor.

Person Specifications

• Bachelor’s degree in business or any related field.
• At least 2 years and above Experience in Banking and Reconciliation.
• Professional accounting certification is an added advantage. (CPA, ACCA)
• Able to demonstrate substantial relevant experience such that the tasks detailed in the job description can be carried out effectively.
• Proper Understanding of Bank products.
• Detailed Understanding of the Banks Operation Processes.