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Full-time
Officer, Digital Reconciliations Job at Stanbic Bank Uganda
Stanbic Bank Uganda
Job Description
To reconcile suspense accounts or match entries / records across accounts / records and take required action that will achieve an outcome where “open” / unmatched items are correctly resolved and reported on in the general ledger within defined turnaround times (TATs). To contribute to the process of improving, automating, digitising and/or eliminating reconciliations.
Duties, Roles and Responsibilities
- Adhere to Financial hygiene practices by ensuring data used for reconciliation is complete (relevant if reconciliation is performed in tool that sits outside database containing master records).
- Continuously maintain an understanding of policies, processes, procedures and systems and review said to ensure all reconciliations are aligned accordingly and with the view to find better ways to execute tasks, improve systems, improve training material, improve functional performance and to influence Group Standards.
- Define and agree the periods for which substantiation records must be produced and agree on the layout for such record and other information to be provided. A good substantiation record would contain the Balance(s) of the suspense account or records being reconciled per the official record(s), volumes, values and age of open / unmatched items, grouping by reason of open / unmatched items, specific commentary pertaining to unusual items and items that are outside of the agreed turnaround times.
- Reconcile entries / records through matching in a suspense account or between accounts / records (e.g. across accounts in different legal entities or account to bank statement recon) in order to ensure sound financial control.
- Execute reconciliation activities in line with the agreed policies, procedures and service level agreements. Identify root cause of open / unmatched items and taking appropriate action that will result in resolution of items within defined timelines – e.g. contacting parties to make a payment in order to close out on an open debtor or credit note record.
- Measure, monitor and report on service delivery metrics and performance against agreed standards to ensure effective delivery to clients as per the service level agreements.
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
Apply here: https://www.standardbank.com/sbg/standard-bank-group/careers/apply/jobs/view-all-jobs/job-detail?jobID=744000110679678
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