Assistant Manager Reconciliations at Mayfair CIB Bank Ltd

Key Duties & Responsibilities:

• Ensure an accurate and timely month-end close process; review balance sheet reconciliations, troubleshoot, follow-up on outstanding items on Nostro accounts, and Bank’s General Ledger
• Provide critical input for technical accounting and policy guidelines on system implementation projects in bank accounts and the reporting of balances due from banks in the financial statements
• Supervise the investigation and follow up of all outstanding items on bank reconciliation statements with responsible persons and various organization units
• Coordinate with various stakeholders to ensure adherence to processes
• Supervise and analytically identify old and irrecoverable amounts on bank reconciliation and advise how best to resolve them
• Reconciliation of all the Bank nostro accounts
• Verify the reliability and accuracy of bank balances in the general ledger and trial balance
• Work with operations to ensure that the business works follows Bank operational and reconciliation processes.
• Lead the analysis of the existing reconciliation processes to assess the strength of the controls and identify areas for improvement
• Prepare and organize supporting documentation for reconciliations
• Escalate significant discrepancies to the CFO
• Ensure that suspense items do not exceed the established timeline designated for each type of exception

Key Competencies:

Demonstrated knowledge and experience with;

• Over five years of relevant working experience in a reconciliation role in a Finance department in a Bank
• An in-depth understanding of Banking systems
• An in-depth understanding of reconciliation and reporting requirements
• Ability to interact with Top Management
• Good team player with excellent interpersonal and communication skills
• An individual who has demonstrated competences for accuracy, attention to detail, integrity, and update knowledge of International Financial Reporting Standards

Qualifications /Technical Skills Required:

• Business related degree i.e. finance, accounting, commerce
• Professional qualification in Accounting & Finance like ACCA/CPA
• A self-motivated, innovative, confident, and analytical individual
• Dynamic and self-driven individual with the ability to work under pressure
• Excellent writing skills, and ability to explain technical accounting issues to subordinates and colleagues
• Good presentation skills and an ability communicate and write effectively
• Proficiency in MS Office and other Database Applications (Excel, PowerPoint, Word, Access/Database)