Officer, Reconciliation in Lagos, Nigeria

at Stanbic IBTC Bank

Banking / Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
1 - 3 years
Employment Type
Full Time
Male or Female
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Job Description

Job purpose

To support the Team Leader, deliver prompt reconciliation of all accounts under review and ensure there are no long outstanding items that can lead to financial loss for the bank.

Key responsibilities:
• Daily Review of GL balances, Nostro and CBN Accounts among others
• Accurate matching of entries using Clirec
• Review and reconciliation of Suspense/Transit/Proxy Accounts.
• Initiates process of investigation into unusual occurrence in the Branches/Head Office suspense, Nostros and CBN accounts.
• Ensure cleanliness and Integrity of all Internal/GL accounts in the branches/Head Office entities under coverage through  the review of  their proof of accounts
• Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence
• Ensure accurate reconciliation of all accounts.
• Follow up with Branches / Head Office entities on end of month suspense accounts proofs
• Follow up on all unmatched and outstanding items by generating written queries to the applicable unit / SOL
• Prompt rendition of month end reports on Suspense accounts exceptions
• Prompt rendition of monthly / Quarterly EFASS reports on Nostro accounts
• Ensure proper filing, storage and retreival  for Nostro accounts;
• Work along with other reconciliation functions within various departments under Country Operations.

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