Reconciliation Specialist
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Key skills for this role
About the Role
ruya bank is seeking a Reconciliation Specialist to handle all reconciliation activities throughout the customer lifecycle. The role requires experience in financial reconciliation within banking, strong analytical skills, and proficiency in Microsoft Excel.
Key Skills for This Role
Responsibilities
- Perform daily reconciliation of bank accounts, including but not limited to cash, deposits and withdrawals, transit accounts, suspense account, card settlement accounts
- Analyze financial data to identify discrepancies and variances between internal records and external sources
- Investigate and rectify discrepancies by collaborating with other departments and external parties as necessary
- Document reconciliation processes and findings, maintaining clear and accurate records for audit purposes
- Develop and implement procedures to improve the efficiency and effectiveness of reconciliation processes
- Remain up to date about regulatory requirements and industry best practices related to financial reconciliation
- Communicate effectively with internal stakeholders and external parties
Requirements
- Bachelor's degree in accounting, finance, or a related field
- Previous experience in a range of financial reconciliation or accounting activities, in banking
- Strong analytical and problem solving skills
- Attention to detail and accuracy in data analysis
- Proficiency in Microsoft Excel, banking systems, and other relevant software applications
- Excellent communication and interpersonal skills
- Ability to work independently and collaboratively in a fast paced environment
Full Job Posting
Overview
- The Reconciliation Specialist will be responsible for handling all reconciliation activities for ruya bank throughout the entire customer lifecycle.
- This role requires experience and knowledge of financial reconciliation of accounts in the banking sector.
Key Responsibilities
- Perform daily reconciliation of bank accounts, including but not limited to cash, deposits and withdrawals, transit accounts, suspense account, card settlement accounts
- Analyze financial data to identify discrepancies and variances between internal records and external sources.
- Investigate and rectify discrepancies by collaborating with other departments and external parties as necessary.
- Document reconciliation processes and findings, maintaining clear and accurate records for audit purposes.
- Develop and implement procedures to improve the efficiency and effectiveness of reconciliation processes.
- Remain up to date about regulatory requirements and industry best practices related to financial reconciliation.
- Communicate effectively with internal stakeholders and external parties.
Job Requirements
- Bachelor's degree in accounting, finance, or a related field.
- Previous experience in a range of financial reconciliation or accounting activities, in banking
- Strong analytical and problem solving skills.
- Attention to detail and accuracy in data analysis.
- Proficiency in Microsoft Excel, banking systems, and other relevant software applications.
- Excellent communication and interpersonal skills.
- Ability to work independently and collaboratively in a fast paced environment.
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