Bank Reconciliation Analyst

MediCard Phils., Inc.is one of the country's leading HMOand the only HMOfounded and run by Doctors. Since its inception, the concept of service-oriented total health care has been the molding ideal of MediCard. The competition is vast, and the benefits being offered by the competitors are tempting. However, MEDICard has taken the lead in providing innovative and productive ideas that cut down the cost of health maintenance without compromising its quality.

MediCardnow boasts of more than half a million members and over 54,000 accredited doctors in over 1,000 hospitals and clinics nationwide. It also operates 16 MediCard free-standing clinics that provide services at par with those offered by hospitals minus the confinement.

MediCardis currentlylooking for assertive, dynamic and energetic individuals to fill up the following vacancy:

The Bank Reconciliation Specialist is responsible for ensuring the accuracy and integrity of the company's cash records by reconciling bank statements with internal accounting records. This role involves identifying discrepancies, resolving variances in a timely manner, and supporting month-end and year-end closing activities. The position plays a critical role in maintaining accurate financial reporting and strong internal controls.

Key ResponsibilitiesPerform daily, weekly, or monthly bank reconciliations for multiple bank accounts
Compare bank statements with general ledger cash accounts and identify discrepancies
Investigate and resolve reconciling items such as outstanding checks, deposits in transit, bank charges, and errors
Post necessary adjusting journal entries related to bank reconciliations
Coordinate with Accounts Payable, Accounts Receivable, Treasury, and other departments to resolve issues
Monitor unreconciled or long-outstanding items and escalate issues when necessary
Support month-end, quarter-end, and year-end close activities
Prepare reconciliation reports and supporting schedules for internal and external audits
Ensure compliance with internal controls, company policies, and applicable accounting standards
Assist in process improvements and documentation of reconciliation procedures
Perform other accounting tasks as assigned by management