What you will do
- Run the scheduler to automatically clear open line items where matching references exist.
- Perform manual matching of open line items wherever possible after ensuring adequate matching criteria exist and due confirmations are obtained
- Ensuring that all the open line items at the end of the day are reported to relevant internal stakeholders- Business Finance, Divisional Financial Controlling, FSSC-O2C, FSSC- I2P, Global Treasury Centre etc. for timely investigation and resolution.
- Ensuring that any open items that needs investigated at the banks’ end are reported to the banks for investigation and resolution
- Ensuring that any instances of cheque dishonours and amounts debited by bank but not accounted by us are promptly bought to the ntice of businesses/other concerned stakeholders.
- Ensuring that all month end submissions in relation to bank reconciliation statements are carried out
- Identifying, tracking, and reporting of KPIs to Senior Management.
General ledger
- Ensuring reconciliation of GL and highlighting the risk and process correction
Accounting and Audit:
- Ensuring all bank charges are accounted in consultation with Treasury and FSSC-I2P
- Supporting internal and external audit processes in relation to bank reconciliations
Continuous follow-up, escalation and resolution of open line items
- Ensuring that all the open line items in the Bank reconciliations are reviewed daily and followed up and escalated timely to ensure a timely resolution and clearance
Process and system improvement initiatives:
- Identifying opportunities for improving systems and processes for timely clearance, reporting and resolution of open line items in the Bank reconciliation process and in the upstream collection/ payment processes.
- Leading the implementation of the process improvement initiatives including those relating to Clearing automation levels.
Skills
Required skills to be successful
- Experience with ERP and information systems, including planning, implementation and monitoring.
- Proficiency in MS Office (Word/ Excel/ PowerPoint/MS Projects)
- Working knowledge of SAP
- Excellent analytical, reasoning and problem-solving skills
What equips you for the role
- A bachelor’s/master’s degree in commerce/financial management/ accountancy
- Excellent Coordination and stakeholder management skills
- 3-5 years of well-rounded experience in the field of bank reconciliations & GL reconciliation