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Reconciliation Analyst

Full time @KCB BANK posted 13 hours ago in Management Email Job

Job Detail

  • Job ID 22519
  • Career Level  Officer
  • Experience  3 Years
  • Gender  Both
  • Industry  Healthcare
  • Qualifications  Degree Bachelor
  • Job Type  Full time

Job Description

KEY RESPONSIBILITIES

  • Review and reconcile all card and chargebacks, digital, nostro, clearing, intercompany and other assigned suspense accounts on a daily basis and ensure that suspense items do not exceed the established timeline designated for each type of exception.
  • Check outstanding entries on accounts assigned and liaise with involved parties for action and ensure transactions are accurately reconciled. Process settlements and ensure timely reversal of exceptions.
  • Support branches in settlement and timely resolution of queries relating to acquired transactions on their ATMs.
  • Prepare and submit daily reconciliations and weekly aging analysis returns to the Unit Manager for assigned accounts.
  • Participate in the analysis and review of existing reconciliation processes/procedures/guidelines in order to assess the strength of the controls and identify areas for improvement.
  • Actively participate in automation initiatives geared towards improving the control environment and overall reconciliation experience.
  • Participate in timely presentation of end month reports and returns where applicable to the Finance department and other stakeholders as required.
  • Participate in the identification, reporting and control of key risks within the Operations department.

 

MINIMUM POSITION QUALIFICATION REQUIREMENTS

Academic & Professional

Particulars Detail Specific Field or Qualification Need Type[1]
Education  Bachelor’s Degree Business Administration/ equivalent, or any other degree with a quantitative/Mathematical bias. RQ
Professional Qualifications Accounting AA
Master’s Degree Business related AA

Notes:

Need Types are: RQ = Required, AA = Added Advantage

 

Experience

 

Total Minimum No of Years’ Experience Required

 

  

3

 

Detail Area Minimum No of Years Need Type[1]
Banking Operations General Banking 2 ES
Reconciliation 1 DE

 

Notes: Need Type:        ES=Essential, DE=Desirable but not essential

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