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  • Posted: Jun 24, 2021
    Deadline: Jul 2, 2021
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    At Sidian Bank, we recognize the significant accountability and inherent risks that an entrepreneur takes to make his ideas and dreams a reality. It is for this reason that our mission is to empower entrepreneurs to create wealth through provision of transformational financial solutions that meet entrepreneurs needs and facilitate growth through convenience and choice.
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    Officer-Reconciliations

    Branch: Kilimani Branch – Head Office

    Department: Shared Services

    Reports to: Manager, Loans Processing

    Job Purpose:

    The position is responsible for the prompt efficient reconciliation of the ADC related processes by ensuring all controls and settlement policies are followed.

    Key Responsibilities and Activities:

    Reconciliations

    • Ensure daily reconciliation of ADC related accounts with discrepancies identified and corrected within 48 hrs. and exceptions escalated.
    • Ensure M-Pesa floats in the branches and head office are maintained.
    • Ensure commissions are collected and distributed to branches within 24 hours of receipt.
    • Ensure amounts owed by other banks are settled on a bank to month basis.
    • Ensure all ADC related reports are prepared as per the set schedule in a timely manner.
    • Ensure all items posted are authorized before close of business. 

    Revenue Assurance

    • Support in Analysis of Actual Vs Expected revenue from all transactional revenue lines.
    • Identifying uncollected charges in Nostro and other operational accounts (banker’s cheques, Mpesa, card Centre and Funds transfer) and ensuring that the same is collected.
    • Ensure that debits in P&L are monitored on a daily basis and any exceptions escalated. To pick any authorized debits in P&L accounts.

    Customer Service

    • Effect instructions received from customers or branches within 24 hours of receipt e.g. Card reactivation, blocking lost/stolen cards.
    • Ensure adequate stocks of stationery to branches and maintenance of re-order levels thereto.
    • Respond to customer and branch queries.

    Reports

    • Prepare a summary report of transaction movement.
    • Ensure daily receipt of reconciliation reports within the department.
    • Any other report as may have been assigned.
    • Inform the relevant authorities on the anomalies related to ATM, Money Gram, M-Pesa and Western Union system operations and faults rectified.

    Financial Management

    • Ensures management of costs.
    • Ensure prevention of income leakage and collection of revenue.
    • Facilitating in cost containment of various transactional processes by ensuring avoidance of chargeable errors.
    • Ensuring that the bank doesn’t incur losses through internal, Nostro & swift charges

    Knowledge, Skills and Experience:

    • Bachelor’s degree in a business-related cost & a diploma in a business-related course, CPA Part II
    • At least 3 years working experience in operations.
    • Good analytical skills and report writing skills.

    Method of Application

    Interested and qualified? Go to Sidian Bank on www.sidianbank.co.ke to apply

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