Central Reconciliation Supervisor Job in Tanzania | KCB BANK

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Central Reconciliation Supervisor KCB BANK Tanzania

Job Type: Full-Time Full-Time

Closing Date: 29th August 2019

Location: Tanzania

OVERVIEW

The role has direct responsibility of ensuring that all the bank’s Agency and Suspense accounts are reconciled in line with existing guidelines on reconciliation.

KEY RESPONSIBILITIES: MUST NOT BE MORE THAN 10

Reconcile and follow up for action on outstanding items in suspense accounts
Ensure that all transactions in the bank’s suspense accounts are properly aged, and any items that are non-compliant are specifically raised with the concerned department/Branch.
Confirm that all transactions involving the In-Transit account are reversed on a daily basis.
Consolidate all suspense account returns ready for submission to Group Central Reconciliation Centre
Reconciliation of clearing accounts
Ensure that the age profile for all suspense transactions is as per set guidelines
Mitigate all risks that may arise from suspense and Nostro & Vostro accounts
First contact for all reconciliation matters from the branches, Head office, and Group.

DAILY RESPONSIBILITIES: NOT MORE THAN 5 OF THE MOST TYPICAL.

Ensure all suspense accounts under reconciliation unit are reconciled on a daily basis
Ensure all outstanding items are shared to respective units for action and rectified within the agreed time.
Ensure that all transactions in the bank’s suspense accounts are properly aged
Mitigate all risks that may arise from suspense and Nostro & Vostro accounts

CHALLENGES: GIVE ONE EXAMPLE OF THE CHALLENGES ENCOUNTERED IN THIS JOB.

The system challenge is the most common one which affects our daily works e.g. delays on the settlement of entries and posting of transactions.