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Officer, Reconciliations - Standard Bank Group

Finance

Nairobi  

Published On: 10th, May 2023

Closes on: 22nd, May 2023

Job closed

More About the Job

Job Description

Provide operational support to the Head, Client Experience and Shared Services by taking responsibility of reconciling assigned accounts. Highlighting exceptions as detfined in the defined respective account structure to the relevant teams and escalating to Management those posing a risk through delayed action, significant financial risk, inadequate responses provided or otherwise. 

The role is responsible for management of financial risk through second level control on Bank accounts ensuring completeness of entries passed and querying validity of transactions where necessary.


Responsibilities:

    • To reconcile and follow up on outstanding items in suspense accounts.
    • Generate exception reports and escalate long outstanding items in suspense accounts
    • Undertake allocated reconciliations and ensure they are of requisite quality.
    • Periodically confirm underlying client instructions relate to entries posted to the reconciled accounts for material amounts.
    • Accounts to be in current status at all times.
    • Quality of documentation/information.
    • Keep abreast of best practices (locally and internationally) and make appropriate recommendations within the reconciliation team.
    • Error tracking - generate transaction defect log and propose remedial measures where practical.
    • Ensure Internal processes and procedures are adhered to at all times with gaps identified reported for remediation.
    • Adhere to the SLAs with various business units.
    • Reconciliations completed and followed up on within set turnaround times
    • Daily reconciliation of Suspense, internal and other accounts.
    • Effectively manage client/stakeholder queries and complaints ensuring adherence to set service levels.

    • Query old, strange outstanding entries in accounts reconciled and escalate as per matrix

       


Requirements:

    • A bachelor’s degree in Building Economics or equivalent
    • A minimum of 2 years’ experience in a similar role in a fast-paced environment.
    • Strong Preventive and Active maintenance skills, Construction & Project Management skills
    • Excellent communication, analytical and interpersonal skills.
    • Excellent business skills and knowledge of managing budgets, leading a team and liaising with suppliers.
    • Ability to build strong relationships across the organization.
    • Advanced report writing and presentation skills.
    • Sound ability to prioritize, time-manage, and honor deadlines.

Posted By

Mambo Maithya

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