Vacancy title:
Reconciliation Assistant

Jobs at:

Deadline of this Job:
Friday, February 12 2025

Summary
Date Posted: Wednesday, February 05 2025, Base Salary: Not Disclosed

JOB DETAILS:

Reconciliation Assistant
PURPOSE:
Responsible for ensuring daily receipting, Reconciliations, Monthly reporting and posting journal.

PRIMARY RESPONSIBILITIES:
• Monitor Daily Receipts, ensure cash ups are done and bankings done on a daily basis
• Prepare weekly cashflow statements
• Identify Bounced Cheques, reverse and share the Bounced cheques list to credit control (Daily)
• Bank reconciliation, sign offs & Cashbook ledgers posting and ensure accuracy for monthly reporting
• Look out for unauthorized debits on the Bank statement and follow up immediately with the bank
• Ensure intercompany payoffs within 5 days
• Ensure collection bank accounts sweeps off with 5 days
• Write letters to the bank requesting for further details for those items that are not sufficiently narrated (Monthly)
• Identification and cancelation of stale cheques (Daily)
• Preparation of Bounced Cheque report (Monthly)
• Preparation of Reconciliation Aging Analysis (Monthly)
• Forward to credit control funds credited in our accounts for receipting (Daily)
• Respond to customer and banks queries regarding payments
• Review all daily transaction entries to verify the correctness and completeness of the captured data and advise on required actions;
• Prepare monthly reports for transactions at risk for submission to Unclaimed Financial Assets Authority (UFFA).
Generic Duties:
• Strict adherence to all regulations, statutes, standards, practices and all internal processes and procedures as per relevant manuals and comply with all relevant external legislation and regulations with regards to compliance requirements.
• Ensure that as a staff you actively contribute to the department/division attaining a ‘good’ rating in both internal and external audit by performing your role to the required standards and adhering to all internal processes and procedure as per relevant manuals, policies, and regulations of the company.
• Ensure that all risk management requirements within your remit are addressed and where necessary escalate through the available defined channels.
Key Skills, Knowledge, Experience and Behavioural Competencies

Academic and Professional Requirements
• Education Bachelor’s Degree Bachelor’s degree in a related field from a recognized university
• Professional Qualification CPA, ACCA
Experience Required:
• Two years Relevant experience

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure

If any interested and qualified, Click the link below:
https://www.myjobmag.co.ke/job/reconciliation-assistant-cic-insurance

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