Reconciliation Supervisor at KCB Bank

by Udahiliportaldaily

Job Overview
Reconciliation Supervisor at KCB Bank

Job Description

Job Summary:

Ensure all outstanding items are accurately reconciled, all initial investigations and subsequent follow-ups are done promptly.
Ensure all items outstanding beyond the required time (days) are reduced to nil.
To undertake periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.

JOB DETAILS;

Key Responsibilities:

Reconciliation of the Intercompany Accounts across the Subsidiaries.
Reconcile Tanzania Nostros and Central bank accounts.
Ensure balances in both ledger and Nostro/ Intercompany accounts are correct.
Modify all unreconciled items; append them to respective business units and branches using references. Send the modified items to the business units and branches.
Follow-up via e-mail, swift chasers, and telephone to ensure that the respective Subsidiaries/ business units/ branches uplift their outstanding items.
Apply for write-off or absorption of long outstanding items which cannot be resolved.
Ensure compliance with key control standards as per group requirement.

Daily Responsibilities:

Ensure all the statements are complete and correct.
Follow up on missing statements.
Reconcile all matching entries in the accounts with entries in ledger statements.
Follow up on outstanding and or unresolved items with branches, Head Office Units, subsidiaries, and corresponding Banks.
Responding to queries from other branches, Head Office Units, subsidiaries and corresponding banks.
Follow up on item without cover; liaise with branches, Head Office Units, subsidiaries, and corresponding Banks to reverse any erroneous entries.

Requirements:

Bachelor’s degree in Banking, Finance, Accounts and Risk
CPA will be a value-added advantage.
Masters will be value-added advantage
2-3 years of experience in Banking Operations
CLICK HERE TO APPLY

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