Assistant Manager Reconciliations job at Mayfair CIB Bank Ltd
Website :
869 Days Ago
Linkedid Twitter Share on facebook
 

Vacancy title:
Assistant Manager Reconciliations

[ Type: FULL TIME , Industry: Banking , Category: Management ]

Jobs at:

Mayfair CIB Bank Ltd

Deadline of this Job:
30 June 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Summary
Date Posted: Friday, June 17, 2022 , Base Salary: Not Disclosed

Similar Jobs in Kenya
Learn more about Mayfair CIB Bank Ltd
Mayfair CIB Bank Ltd jobs in Kenya

JOB DETAILS:
Key Duties & Responsibilities:
• Ensure an accurate and timely month-end close process; review balance sheet reconciliations, troubleshoot, follow-up on outstanding items on Nostro accounts, and Bank’s General Ledger
• Provide critical input for technical accounting and policy guidelines on system implementation projects in bank accounts and the reporting of balances due from banks in the financial statements
• Supervise the investigation and follow up of all outstanding items on bank reconciliation statements with responsible persons and various organization units
• Coordinate with various stakeholders to ensure adherence to processes
• Supervise and analytically identify old and irrecoverable amounts on bank reconciliation and advise how best to resolve them
• Reconciliation of all the Bank nostro accounts
• Verify the reliability and accuracy of bank balances in the general ledger and trial balance
• Work with operations to ensure that the business works follows Bank operational and reconciliation processes.
• Lead the analysis of the existing reconciliation processes to assess the strength of the controls and identify areas for improvement
• Prepare and organize supporting documentation for reconciliations
• Escalate significant discrepancies to the CFO
• Ensure that suspense items do not exceed the established timeline designated for each type of exception

Key Competencies:
• Demonstrated knowledge and experience with;

• Over five years of relevant working experience in a reconciliation role in a Finance department in a Bank
• An in-depth understanding of Banking systems
• An in-depth understanding of reconciliation and reporting requirements
• Ability to interact with Top Management
• Good team player with excellent interpersonal and communication skills
• An individual who has demonstrated competences for accuracy, attention to detail, integrity, and update knowledge of International Financial Reporting Standards

Qualifications /Technical Skills Required:
• Business related degree i.e. finance, accounting, commerce
• Professional qualification in Accounting & Finance like ACCA/CPA
• A self-motivated, innovative, confident, and analytical individual
• Dynamic and self-driven individual with the ability to work under pressure
• Excellent writing skills, and ability to explain technical accounting issues to subordinates and colleagues
• Good presentation skills and an ability communicate and write effectively
• Proficiency in MS Office and other Database Applications (Excel, PowerPoint, Word, Access/Database)



Work Hours: 8


Experience in Months: 60

Level of Education:
Bachelor Degree

Job application procedure

• Interested and qualified? Go to Mayfair CIB Bank Ltd on www.linkedin.com  to apply


All Jobs

QUICK ALERT SUBSCRIPTION

Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 30 june 2022
Duty Station: Addis Ababa
Posted: 17-06-2022
No of Jobs: 1
Start Publishing: 17-06-2022
Stop Publishing (Put date of 2030): 17-06-2065
Apply Now
Notification Board

Join a Focused Community on job search to uncover both advertised and non-advertised jobs that you may not be aware of. A jobs WhatsApp Group Community can ensure that you know the opportunities happening around you and a jobs Facebook Group Community provides an opportunity to discuss with employers who need to fill urgent position. Click the links to join. You can view previously sent Email Alerts here incase you missed them and Subscribe so that you never miss out.

Caution: Never Pay Money in a Recruitment Process.

Some smart scams can trick you into paying for Psychometric Tests.