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About the Organisation
Manager Reconciliations job at I&M Bank Uganda | Apply Now
Kampala, Uganda
I&M Bank (Uganda) Limited, established in 2021 following the acquisition of a 90% stake in Orient Bank Limited, operates as a subsidiary of I&M Group Plc, a prominent East African financial services conglomerate.
The bank's mission is to empower prosperity by delivering innovative financial solutions, guided by core values of trust, integrity, respect, courage, and innovation. With a growing presence in Uganda, I&M Bank offers a comprehensive suite of banking services, including retail, corporate, and SME banking, supported by a robust digital banking platform to enhance customer convenience.
The bank fosters a dynamic work culture that emphasizes employee development and values diversity, offering various job opportunities that align with its commitment to excellence. I&M Bank actively engages in corporate social responsibility initiatives focused on education, health, and environmental sustainability, aiming to make a positive impact on the communities it serves. For more information, visit their official website at www.imbankgroup.com/ug.
Are you looking for Finance jobs in Uganda 2025 today? then you might be interested in Manager Reconciliations job at I&M Bank Uganda
Full Time
Deadline:
27 Jun 2025
Job Title
Manager Reconciliations job at I&M Bank Uganda
I&M Bank Uganda
Job Description
Job Title: Manager Reconciliations
Organisation: I&M Bank Uganda
Duty Station: Kampala, Uganda
Reports to: Head of Operations
To ensure timely and accurate reconciliation of all inter-branch and inter-General Ledger (GL) accounts across the bank as assigned, maintain integrity of financial records, and provide support in resolving disputes and complaints from utility companies and service providers linked to banking transactions.
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
All suitably qualified and interested applicants should apply online at the APPLY Button below.
Deadline: 27th June 2025
Note: Only shortlisted candidates will be contacted
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How to Apply
Oversee daily, weekly, and monthly reconciliation of all inter-GL and inter-branch accounts to ensure accuracy and completeness of financial records.
Investigate and resolve reconciliation differences, escalating unresolved items in a timely manner.
Ensure all reconciling items are followed up and cleared within defined turnaround times.
Monitor and ensure adherence to regulatory, audit, and internal policy standards in reconciliation processes.
Liaise with IT, Finance, and Branch Operations to automate reconciliation processes and enhance accuracy and efficiency.
Act as the primary contact for resolving transactional disputes and complaints from utility companies (e.g., power, water, telecom, URA) related to payments, settlements, or system failures.
Work with internal teams to resolve root causes of recurring reconciliation and complaint issues.
Prepare and submit regular reconciliation status reports and exception reports to management.
Participate in system upgrades and UAT testing related to reconciliations and utility payments.
Train and supervise reconciliation officers and provide technical guidance and
Financial Responsibility
Ensure accurate and timely reconciliation of financial data across inter-GL and inter-branch accounts.
Resolve discrepancies to maintain integrity of the bank’s financial records.
Support accurate financial reporting and compliance with internal controls and regulatory standards.
Prevent financial losses by identifying risks and escalating unresolved issues.
Manage complaint resolutions with utility companies to avoid financial exposure or penalties.
Contribute to budgeting and cost recovery by providing relevant reconciliation data.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
Professional certification such as CPA, ACCA, or equivalent is an added advantage.
Work Experience.
Minimum of 5 years’ experience in banking operations, with at least 2 years in a reconciliation or back-office management role.
Strong understanding of banking GL structures, inter-branch transactions, and utility billing/payment systems.
Experience working with core banking systems and reconciliation software tools.
Key Required Competencies & Skills.
High attention to detail and strong analytical skills.
Excellent problem-solving and investigative abilities.
Strong interpersonal and communication skills.
Ability to manage time and work under pressure to meet deadlines.
Proficient in MS Excel and data analysis tools.
Team leadership and staff supervision skills.
Strong leadership and people management
Operational risk and control awareness
Excellent planning and organizational skills
Strategic thinking with a focus on execution
Technology-savvy and innovative-oriented
High integrity and sound judgment
