Description:
\nJob Purpose
\nThe Reconciliation Officer will monitor and reconcile transaction discrepancies in a centralized accounting system. Investigate and resolve reconciliation variances with relevant departments and external partners. Coordinate with decentralized units to gather source documents and clarify transactional differences. Give assurance through daily reconciliation that all Central Operations Support functions have been performed correctly and are commensurate to each payroll lending deduction loan status.
\nJob application tracker
\nSummary of Key Responsibilities:\u00a0<\/p>\n
Perform reconciliation of accounts related to Internal Accounts
\nFollow up with the units concerned to ensure all the outstanding items, for Internal Accounts are resolved within the set standards and issues of non-compliance escalated as per the escalation matrix.
\nSpearhead recovery efforts of any duplicated transactions in conjunction with the product owners, IT and contact centre
\nFollow up on the suspense account ownership sign offs with the unit heads across the bank
\nReconcile reservations for all reserved accounts
\nPrepare detailed reconciliation reports and escalation notes to management.
\nEnsure adherence to company policies, internal controls, and compliance requirements throughout the reconciliation process.
\nSupport centralized month-end and year-end financial closing activities by providing reconciliation documentation.
\nMaintain accurate and systematic filing of reconciliation schedules and supporting documents for audits.
\nImprove methods of carrying out work through on-the-job concrete experience
\nReconcile the uploads to confirm that all payout amounts are accounted for.
\nIdentify and recommend process improvements to enhance efficiency and accuracy in centralized reconciliation activities.
\nUtilize accounting software and ERP systems efficiently to perform reconciliations and generate management reports.
\nChecking client activity and sorting out any errors to do with card operations
\nAssist with refund payments
\nReconcile collection uploads
\nRefund and Suspense Account Management
\nReconcile daily e-money settlement with 3rd parties
\nReconcile daily repayments amendments.
\nReconcile the Changed amount status of all monthly instalments<\/p>\n
Required Skills and Competencies<\/p>\n
Good communication skills
\nExcellent analytical skills
\nAttention to detail
\nResults Driven
\nGood relationships building skills
\nGood problem-solving skills
\nHigh integrity
\nTeam Player
\nGood time management skills
\nAbility to work under pressure<\/p>\n
Primary Areas of Accountability:<\/p>\n
Qualification and Experience<\/p>\n
Full Grade 12 certificate
\nFull\/Finalist\u00a0 CA Zambia, ACCA, CIMA\u00a0OR
\nDegree in Accounting\/ Finance
\nMust have a minimum 3-4 years of experience in reconciliation, preferably in shared services in a commercial bank
\nProven knowledge of internal controls, risk and compliance
\nMust have experience with Core Banking Software (Flexcube) and Card Payment Systems
\nMust have working knowledge of a bank\u2019s operating systems, controls and general banking
\nKnowledge of regulatory and statutory requirements
\nProficient in ERP\/accounting systems and advanced Excel.
\nPractical experience in use of relevant MS Office applications<\/p>\n
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