General Details

Job Title: Reconciliations Manager

Department: Finance

Job Grade: Manager

Reports To: Head of Financial Controls

No. of Vacancies: 1

Job Purpose

The Reconciliations Manager ensures the accuracy, completeness, and timeliness of all reconciliations within the bank’s financial systems. This includes:

• Bank accounts
• General ledger (GL) accounts
• Intercompany accounts
• Clearing and transit/suspense accounts

The role also ensures compliance with internal controls and regulatory requirements and supports operational efficiency by resolving reconciling items promptly.

Key Duties and Responsibilities

Central Bank Clearing & Nostro Accounts Reconciliations

• Review all bank account reconciliations, including Nostro and Central Bank clearing accounts.
• Ensure timely identification and clearance of reconciling items by liaising with Operations and Treasury Back Office.
• Escalate and follow up on unreconciled items with respective departments within defined timelines.

General Ledger (GL) Reconciliations

• Oversee reconciliation of all GL accounts, ensuring accuracy and completeness.
• Assign ownership and classify GL accounts into risk categories (high, medium, low).
• Conduct snap checks to validate reconciliations and address unusual or long-outstanding items.

Intercompany Accounts

• Review and follow up on reconciliation of intercompany payables and receivables.
• Ensure timely resolution of discrepancies in line with group reporting requirements.

Reporting & Compliance

• Prepare and submit monthly GL reconciliation reports to management and Group.
• Liaise with GL owners, reconcilers, and reviewers to ensure timely completion and attestation of reconciliations.
• Ensure compliance with internal policies, regulatory standards, and audit requirements.

Batch Proofing & Transaction Validation

• Review daily batch proofing reports to confirm all payments are appropriately supported.
• Ensure accurate and timely execution of batch proofing processes.

Risk Management & Controls

• Maintain robust reconciliation controls to mitigate financial and operational risks.
• Identify process gaps and recommend improvements for efficiency and accuracy.
• Support internal and external audits with reconciliation documentation and explanations.

Stakeholder Engagement

• Collaborate with Operations, Treasury, Finance, Credit, and other units to resolve reconciliation issues.
• Provide guidance and training to reconciliation staff on best practices and compliance requirements.

Qualifications and Skills

Education & Professional Qualification

• Bachelor’s degree in Finance, Accounting, or related field from a recognized university.
• CPA or ACCA qualification preferred.

Experience

• Minimum 5 years’ experience in financial reconciliations within banking or financial services.
• Supervisory or team management experience is essential.

Core Competencies

• Strong knowledge of GL systems, bank operations, and reconciliation processes.
• Analytical skills and proficiency in MS Excel and financial systems (e.g., Oracle, Finacle).
• Excellent communication and interpersonal skills.
• Attention to detail, accuracy, and high integrity.
• Ability to lead and work collaboratively with teams and stakeholders.

• Review all bank account reconciliations, including Nostro and Central Bank clearing accounts.
• Ensure timely identification and clearance of reconciling items by liaising with Operations and Treasury Back Office.
• Escalate and follow up on unreconciled items with respective departments within defined timelines.
• Oversee reconciliation of all GL accounts, ensuring accuracy and completeness.
• Assign ownership and classify GL accounts into risk categories (high, medium, low).
• Conduct snap checks to validate reconciliations and address unusual or long-outstanding items.
• Review and follow up on reconciliation of intercompany payables and receivables.
• Ensure timely resolution of discrepancies in line with group reporting requirements.
• Prepare and submit monthly GL reconciliation reports to management and Group.
• Liaise with GL owners, reconcilers, and reviewers to ensure timely completion and attestation of reconciliations.
• Ensure compliance with internal policies, regulatory standards, and audit requirements.
• Review daily batch proofing reports to confirm all payments are appropriately supported.
• Ensure accurate and timely execution of batch proofing processes.
• Maintain robust reconciliation controls to mitigate financial and operational risks.
• Identify process gaps and recommend improvements for efficiency and accuracy.
• Support internal and external audits with reconciliation documentation and explanations.
• Collaborate with Operations, Treasury, Finance, Credit, and other units to resolve reconciliation issues.
• Provide guidance and training to reconciliation staff on best practices and compliance requirements.

• Strong knowledge of GL systems, bank operations, and reconciliation processes.
• Analytical skills and proficiency in MS Excel and financial systems (e.g., Oracle, Finacle).
• Excellent communication and interpersonal skills.
• Attention to detail, accuracy, and high integrity.
• Ability to lead and work collaboratively with teams and stakeholders.

• Bachelor’s degree in Finance, Accounting, or related field from a recognized university.
• CPA or ACCA qualification preferred.