Reconciliation Team Lead at Virtual Pay

As a Reconciliation Team lead, you will play a vital role in managing a team of reconciliation associates, ensuring timely and accurate reconciliation of accounts, investigating discrepancies, and maintaining compliance with internal controls and regulatory requirements

Key Responsibilities

• Reconciliation Management: Lead the reconciliation team in performing daily, weekly, and monthly reconciliations of accounts, including bank accounts, merchant accounts, and the company systems while ensuring variances and discrepancies are resolved in a timely manner.
• Process Optimization: Identify inefficiencies and recommend improvements to the reconciliation processes and systems and Collaborating with IT and finance teams to implement automation tools and streamline workflows
• Reconciliation Policies & Procedures: Develop and maintain reconciliation policies and procedures in line with best practices
• Audit Assistance: Support the Senior Accountant in preparing schedules and reports for audits.
• Documentation: Provide support during internal and external audits by preparing documentation as required.
• Reporting and Analysis: Prepare regular reconciliation summaries and detailed discrepancy reports for management review.
• Compliance & Risk Management: Ensure adherence to company policies, internal controls, and regulatory requirements in all reconciliation activities and Monitor risk exposures related to un-reconciled transactions and recommend mitigation strategies.
• Team Leadership: Supervise, train, and mentor reconciliation team members to ensure high performance and skill development & Providing guidance on complex reconciliation issues and escalate unresolved matters to the Senior Accountant.
• Collaboration and Support: Work closely with finance, treasury, and operations teams to resolve reconciliation issues
• Perform any other duties as assigned by the supervisor or management.

Requirements

• Bachelor’s degree in accounting/business or related field
• A Certified Public Accountant of Kenya (CPAK) and a member of ICPAK
• Professional certifications CPA, ACCA, or CIMA
• Minimum of 5 years’ experience in reconciliation, accounting, or financial operations, with at least 2 years in a leadership role.
• Strong knowledge of reconciliation processes, financial reporting, and internal controls.
• Proficiency in accounting software and reconciliation tools, including ERP systems and advanced Excel functions.
• Excellent analytical and problem-solving skills to identify, investigate, and resolve discrepancies efficiently.
• Effective communication and collaboration skills to work with finance, settlement, and operations teams.
• Understanding of regulatory compliance and risk management in financial reconciliation and payment processing.