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About this job
Key Responsibilities:
Ensure all assigned Nostro accounts are reconciled on a daily basis with proper details of all outstanding transaction narrated.
Conduct a periodic reconciliation of assigned GL suspense and ensure proper details narrated for outstanding entries.
Follow up of timely clearance of outstanding transactions within 7 days.
Ensure reconciliation statements are countersigned by supervisors.
Produce periodical reports to the management on status of reconciliations.
Verify the genuineness of outstanding transactions by requesting copies of vouchers of relatively large amounts.
Monitor movements for assigned GL suspense accounts and request clarifications from an originator of the transaction.
Any other duties that may be assigned from time to time by your supervisor.
Maintenance of Bank assets register for assigned categories and ensuring balances agree with GL.
Daily Responsibilities:
Check outstanding entries in Nostro accounts that relate to operations i.e. swift, trade, and clearing.
Reconcile the assigned GL internal accounts
Raise queries on long outstanding items
Prepare a required summary of outstanding items
Challenges:
Failure by branches and Head Office units to respond to queries
Ensure all assigned Nostro accounts are reconciled on a daily basis with proper details of all outstanding transaction narrated.
Conduct a periodic reconciliation of assigned GL suspense and ensure proper details narrated for outstanding entries.
Follow up of timely clearance of outstanding transactions within 7 days.
Ensure reconciliation statements are countersigned by supervisors.
Produce periodical reports to the management on status of reconciliations.
Verify the genuineness of outstanding transactions by requesting copies of vouchers of relatively large amounts.
Monitor movements for assigned GL suspense accounts and request clarifications from an originator of the transaction.
Any other duties that may be assigned from time to time by your supervisor.
Maintenance of Bank assets register for assigned categories and ensuring balances agree with GL.
Daily Responsibilities:
Check outstanding entries in Nostro accounts that relate to operations i.e. swift, trade, and clearing.
Reconcile the assigned GL internal accounts
Raise queries on long outstanding items
Prepare a required summary of outstanding items
Challenges:
Failure by branches and Head Office units to respond to queries