Key Requirements:

1. Bachelor’s degree in Accountancy, Management Accounting, or any other accounting or finance-related course
2. Basic understanding of accounting principles for cash transactions
3. Strong critical and analytical skills to investigate and resolve discrepancies between bank statements and company records
4. Proficient in Microsoft Office, especially Excel (e.g., managing data, using formulas, pivot tables, and VLOOKUP for reconciliation tasks)
5. Strong attention to detail to ensure accuracy when reconciling bank transactions, verifying balances, and identifying discrepancies
6. Ability to clearly explain reconciliation issues and work collaboratively with other departments to resolve problems
7. Familiarity with banking terminology and processes (e.g., deposits, withdrawals, interest, bank charges, and transfers)
8. Ability to track and reconcile various types of banking transactions, ensuring all are recorded accurately in the company’s accounts

Key Responsibilities:

Bank Reconciliation

• Prepare daily, weekly, and monthly bank reconciliation reports, summarizing any differences and ensuring that all discrepancies are explained and resolved
• Identify discrepancies between the company’s records and bank statements, investigate the cause of differences, and resolve issues promptly

Transaction Verification

• Ensure that all payments and receipts are properly reflected in the accounting system and are in line with bank records
• Track disbursements reflected in bank statements as well as outstanding checks and ensure they are appropriately accounted for

Maintain Communication with Internal Teams

• Collaborate with internal departments (e.g., Disbursement Team, Treasury Department) to resolve discrepancies related to missing payments, deposits, or bank fees
• Work closely with the finance team to ensure that any adjustments or issues found during reconciliation are promptly addressed and recorded

Investigate and Resolve Discrepancies

• Investigate any discrepancies or errors identified in the bank reconciliation process, such as missing transactions, incorrect amounts, or timing issues

Reporting and Documentation

• Document and maintain reconciliation records for audit purposes, ensuring compliance with accounting policies and regulatory standards

Assist with Month-End and Year-End Close

• Support the month-end and year-end closing processes by ensuring all bank transactions are reconciled and posted on time
• Assist in preparing financial statements by providing accurate reconciled bank account balances for inclusion in reports