KEY RESPONSIBILITIES

Review and reconcile all card and chargebacks, digital, nostro, clearing, intercompany and other assigned suspense accounts on a daily basis and ensure that suspense items do not exceed the established timeline designated for each type of exception.

Check outstanding entries on accounts assigned and liaise with involved parties for action and ensure transactions are accurately reconciled. Process settlements and ensure timely reversal of exceptions.

Support branches in settlement and timely resolution of queries relating to acquired transactions on their ATMs.

Prepare and submit daily reconciliations and weekly aging analysis returns to the Unit Manager for assigned accounts.

Participate in the analysis and review of existing reconciliation processes/procedures/guidelines in order to assess the strength of the controls and identify areas for improvement.

Actively participate in automation initiatives geared towards improving the control environment and overall reconciliation experience.

Participate in timely presentation of end month reports and returns where applicable to the Finance department and other stakeholders as required.

Participate in the identification, reporting and control of key risks within the Operations department.

MINIMUM POSITION QUALIFICATION REQUIREMENTS

Academic & Professional

Particulars

Detail

Specific Field or Qualification

Need Type[1]

Education

Bachelor’s Degree

Business Administration/ equivalent, or any other degree with a quantitative/Mathematical bias.

RQ

Professional Qualifications

Accounting

AA

Master’s Degree

Business related

AA

Notes:

Need Types are: RQ = Required, AA = Added Advantage

Experience

Total Minimum No of Years’ Experience Required

3

Detail

Area

Minimum No of Years

Need Type[1]

Banking Operations

General Banking

2

ES

Reconciliation

1

DE

Notes: Need Type: ES=Essential, DE=Desirable but not essential

• Review and reconcile all card and chargebacks, digital, nostro, clearing, intercompany and other assigned suspense accounts on a daily basis and ensure that suspense items do not exceed the established timeline designated for each type of exception.
• Check outstanding entries on accounts assigned and liaise with involved parties for action and ensure transactions are accurately reconciled. Process settlements and ensure timely reversal of exceptions.
• Support branches in settlement and timely resolution of queries relating to acquired transactions on their ATMs.
• Prepare and submit daily reconciliations and weekly aging analysis returns to the Unit Manager for assigned accounts.
• Participate in the analysis and review of existing reconciliation processes/procedures/guidelines in order to assess the strength of the controls and identify areas for improvement.
• Actively participate in automation initiatives geared towards improving the control environment and overall reconciliation experience.
• Participate in timely presentation of end month reports and returns where applicable to the Finance department and other stakeholders as required.
• Participate in the identification, reporting and control of key risks within the Operations department.

• Bachelor’s Degree in Business Administration/ equivalent, or any other degree with a quantitative/Mathematical bias. (Required)
• Professional Qualifications in Accounting (Added Advantage)
• Master’s Degree in a Business related field (Added Advantage)