BASIC PURPOSE:

The holder of the position is charged with the responsibility of ensuring that, proper accounting standards and guidelines are followed without lapses and a high degree of integrity exercised for a fair and true reporting and presentation.

MAIN DUTIES & RESPONSIBILITIES

• Consolidate monthly reconciliation reports and branch returns and follow up resolution of outstanding issues
• Coordinate and supervise all reconciliation activities related to banking products to ensure that they are balancing on a daily basis
• Ensure proper reconciliation of suspense accounts on a daily basis as per established procedures and follow up all outstanding items
• Identify, investigate, and resolve imbalances between listings, sub ledgers and GL
• Keep abreast of all developments in accounting, finance and other regulations and coach team members as appropriate
• Provide expertise during accounting system implementation and monitoring
• Provide technical support to all business units in the resolution of system imbalances and suspense accounts balances
• Supervise and analytically identify old and irrecoverable amounts on bank reconciliation and advise how best to resolve them
• Ensure that Relationship Supervisors - Cash adhere to policies and procedures.
• Continuous offsite review and monitoring of office general ledgers, positioning, suspense accounts and branch reconciliations for accuracy and completeness;
• Ensure timely follow up and closure of unit Audit and compliance findings
• Ensure prompt remittance of utility partners' funds as per respective MOUs.
• Ensure prompt preparation of BOU operations returns
• Prompt processing of inter-company transfers
• Ensure timely review of branch returns
• Follow up on income linkages.
• Ensure that daily reconciliations for ATM's are done and sent;
• Timely follow up on variances in the general ledgers.
• Ensure Adherence to MOUs with Bank's third party partners
• Follow up & closure of unauthorized overdrawn accounts
• Follow up & closure off income GLs.
• General supervision of the unit.

QUALIFICATIONS, SKILLS AND EXPERIENCE

QUALIFICATIONS

• A degree in BBA, Accounting, B.com, Banking and finance or other related degrees;
• Part professional qualification (ACCA, CPA etc.) is an added advantage

SKILLS

• Thorough knowledge and understanding of Equity Bank Operations
• Thorough understanding of Equity Bank Policies and Procedure;
• Good in analyzing of reports and following up on issues
• Deep understanding of Equity Bank products and services;
• Proactive and quick response to customers and employees queries;
• Excellent interpersonal skills;
• Good knowledge of MS office suite

EXPERIENCE

• At least three years working experience in the bank.

• Consolidate monthly reconciliation reports and branch returns and follow up resolution of outstanding issues
• Coordinate and supervise all reconciliation activities related to banking products to ensure that they are balancing on a daily basis
• Ensure proper reconciliation of suspense accounts on a daily basis as per established procedures and follow up all outstanding items
• Identify, investigate, and resolve imbalances between listings, sub ledgers and GL
• Keep abreast of all developments in accounting, finance and other regulations and coach team members as appropriate
• Provide expertise during accounting system implementation and monitoring
• Provide technical support to all business units in the resolution of system imbalances and suspense accounts balances
• Supervise and analytically identify old and irrecoverable amounts on bank reconciliation and advise how best to resolve them
• Ensure that Relationship Supervisors - Cash adhere to policies and procedures.
• Continuous offsite review and monitoring of office general ledgers, positioning, suspense accounts and branch reconciliations for accuracy and completeness;
• Ensure timely follow up and closure of unit Audit and compliance findings
• Ensure prompt remittance of utility partners' funds as per respective MOUs.
• Ensure prompt preparation of BOU operations returns
• Prompt processing of inter-company transfers
• Ensure timely review of branch returns
• Follow up on income linkages.
• Ensure that daily reconciliations for ATM's are done and sent;
• Timely follow up on variances in the general ledgers.
• Ensure Adherence to MOUs with Bank's third party partners
• Follow up & closure of unauthorized overdrawn accounts
• Follow up & closure off income GLs.
• General supervision of the unit.

• Thorough knowledge and understanding of Equity Bank Operations
• Thorough understanding of Equity Bank Policies and Procedure;
• Good in analyzing of reports and following up on issues
• Deep understanding of Equity Bank products and services;
• Proactive and quick response to customers and employees queries;
• Excellent interpersonal skills;
• Good knowledge of MS office suite

• A degree in BBA, Accounting, B.com, Banking and finance or other related degrees;
• Part professional qualification (ACCA, CPA etc.) is an added advantage