Faulu MFB – Reconciliation Analyst Job Old Mutual

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The role holder is responsible for reconciliation of bank and customer accounts. He/she will be expected to co-ordinate with various stakeholders to ensure adherence to processes and prepare reconciliation status reports. He/she also interacts with internal and external stakeholders and understand user department requirements in addition to ensuring that they appreciate the importance of the reconciliation process as a control measure aimed at safeguarding bank assets from potential losses.

Key Tasks & Responsibilities

Key Measurable Goals

• Cost – Reduction of cost and promoting efficiency. 
• Quality – Accuracy in processing and embedding continuous improvement. 
• Delivery Speed – Enhanced TAT in processing and minimizing delays. 
• Delivery Flexibility – Parameterization of solutions and better innovations. 
• Controls – reduction and minimizing risk in operations. 
• Team Performance & Engagement 

Key Responsibilities

• Collate data from bank accounts, analyse the same for reconciliation, check for variances and ensure to notify the relevant stakeholders for resolution
• Engage managers and other stakeholders within user departments to co-ordinate reconciliation related activities
• Collate, analyze data, identify anomalies and ensure relevant rectifications are made by the user department
• Responsible for timely completion of reconciliation of all assigned accounts as per defined timelines
• Prepare and organize supporting documentation for reconciliations as provided by impacted department on own initiatives
• Ensure processing of rectification entries within thresholds allowed as per policy
• Handle branch queries / guide on recon requirements
• Take initiative on resolution of issues / dependencies with concerned people (Branch Managers / Unit heads) and follow through to logical closure and within acceptable timelines
• Track and monitor reconciliation activities both in Branches and Head office (Finance, Human Resources
• Credit Division, Bancassurance, Treasury Operations, Cash operations)
• Develop understanding of related processes and inter-dependability between teams, have broad understanding of underlying data structures and end to end processes
• Prepare status/ summary reports (matrix reports) for internal circulation
• Envision scope for more effective performance of prescribed responsibilities through enhancements, technical or otherwise.
• Resolve concerns raised by team / escalate at appropriate levels

Skills, Knowledge & Competencies

Knowledge Skills 

• Knowledge of Bank Reconciliation
• Knowledge of general accounting practices and principles
• Knowledge of Bank Reconciliation
• Knowledge of general accounting practices and principles
• Excellent communication skills – both oral and written
• Excellent work ethics and research skills coupled with the ability to handle multiple assignments
• Good people management skills, conflict resolution skills

Competencies

• Excellent communication skills – both oral and written
• Excellent work ethics and research skills coupled with the ability to handle multiple assignments
•  Good people management skills, conflict resolution skills
• Ability to prioritize & multitask successfully to ensure deadlines are met
• Effective team player ensuring the team goals are achieved through collaboration

Qualifications & Experience

• Bachelor’s degree in business administration, Finance, Accounting or related fields
• Professional Certification in Accounting such as CPA or ACCA

How to Apply

Click here to apply