Prepare daily, weekly and monthly bank reconciliation reports, summarizing any differences, and ensuring that all discrepancies are explained and resolved
Identify discrepancies between the companys records and bank statements, investigate the cause of differences, and resolve issues promptly
Transaction Verification
Ensure that all payments and receipts are properly reflected in the accounting system and are in line with bank records
Track disbursements reflected in bank statement as well as outstanding checks and ensure they are appropriately accounted for
Maintain Communication with Internal Teams
Collaborate with internal departments (e.g., Disbursement Team, Treasury Department) to resolve discrepancies related to missing payments, deposits, or bank fees
Work closely with the finance team to ensure that any adjustments or issues found during reconciliation are promptly addressed and recorded
Investigate and Resolve Discrepancies
Investigate any discrepancies or errors identified in the bank reconciliation process, such as missing transactions, incorrect amounts, or timing issues
Reporting and Documentation
Document and maintain reconciliation records for audit purposes, ensuring compliance with accounting policies and regulatory standards
Assist with Month-End and Year-End Close
Support the month-end and year-end closing processes by ensuring all bank transactions are reconciled and posted on time
Assist in preparing financial statements by providing accurate reconciled bank account balances for inclusion in reports
Benefits
Opportunities for promotion
Paid training
Promotion to permanent employee
Schedule
8 hour shift
Supplemental Pay
13th month salary
Overtime pay
Bachelor's degree in accountancy, Management Accounting. or any other accounting or finance related course
Basic understanding of accounting principles for cash transactions
Strong critical and analytical skills to investigate and resolve discrepancies between bank statements and company records
Proficient in Microsoft Office such as Excel e.g., for managing data, using formulas, pivot tables, and VLOOKUP for reconciliation tasks
Strong attention to detail to ensure accuracy when reconciling bank transactions, verifying balances, and identifying discrepancies
Ability to clearly explain reconciliation issues and work collaboratively with other departments to resolve problems
Familiarity with banking terminology and processes (e.g., deposits, withdrawals, interest, bank charges, and transfers)
Ability to track and reconcile various types of banking transactions, ensuring all are recorded accurately in the companys accounts
