Operations Department,Tanzania.Reconciliation Manager at KCB Group

Washington, District of Columbia, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Aug, 26

Salary

0.0

Posted On

07 May, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Account Reconciliation, Nostro Account Management, Financial Reporting, Staff Management, Query Handling, Risk Management, Audit Compliance, Team Coaching, Business Continuity Planning, Financial Analysis

Industry

Banking

Description

KEY RESPONSIBILITIES: 1. Ensure all Nostro accounts, MNOs, Card accounts and suspense accounts are reconciled on daily basis with proper details of all outstanding transaction narrated, and advise exceptions to respective units as required. 2. Follow up on timely clearance of all outstanding transactions. 3. Checking of all manual reversals and adjustments to different accounts under reconciliation hub and ensuring the accuracy and correctness of reversals done 4. Handling queries related to reconciliation operations from all stakeholders. 5. Apply for write-off or absorption of long outstanding items which cannot be resolved. 6. Ensure timely submission of returns to all stakeholders. 7. Ensuring a leave plan is in place and management of staff leave regarding business continuity. 8. Manage employees and ensure coaching and training of staff in the team by ensuring daily checks on staff activities are in place and cross training. 9. Any other duties assigned by the supervisor. DAILY RESPONSIBILITIES: 1. Ensure all outstanding items are shared to respective units for action and rectified within agreed time. 2. Ensuring that customer inquiries related to reconciliation are handled effectively and timely. 3. Ensure all suspense accounts, card accounts and nostro accounts under reconciliation hub are reconciled on daily basis. 4. Checking of all manual reversals and adjustments to different accounts under reconciliation hub and ensuring the accuracy and correctness of reversals done. 5. Handling queries related to reconciliation operations from all stakeholders. MINIMUM POSITION QUALIFICATION REQUIREMENTS 1. Academic & Professional ParticularsDetailSpecific Field or QualificationNeed Type[1]Education Bachelor’s degreeBusiness related RQ Professional Qualifications ES Master’s degreeBusiness Related AA 2. Experience Total Minimum No of Years’ Experience Required 3 -------------------------------------------------------------------------------- [1] Need Types are : RQ = Required, AA = Added Advantage

Responsibilities

The role is responsible for the daily reconciliation of Nostro, MNO, Card, and suspense accounts to ensure accuracy and timely clearance of outstanding transactions. It also involves managing a team, handling stakeholder queries, and overseeing manual reversals and adjustments.