Officer, Suspense Reconciliation Job at Stanbic IBTC Bank Plc

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Job Title: Officer, Suspense Recons.

Job ID: 12583

Location: Lagos, Nigeria

Division: Group Operations

Position Category: Business Support

Employment Type: Full Time – Permanent

Employer: Stanbic IBTC Bank Plc (part of Standard Bank Group)

Division Proposition: The Operations division of Standard Bank is at the very centre of all the bank's procedures, enabling and optimising our Corporate and Investment Banking activities. We develop prototype concepts into robust, reliable solutions, constantly evolving our existing product range to help the bank maintain a competitive lead with our global clients. We are also in demand as internal consultants to the business, helping to manage the Bank's assets through effective risk management and control systems. As part of this role we now seek an experienced professional, who will help guide our work to fulfill our ambitious growth strategy

Position Description:

Purpose of Job: To support the Team Leader, deliver prompt reconciliation of all suspense accounts and ensure there are no long outstanding items.

Key Accountabilities/KRA:

•   Daily Review of GL balances

•   Review and reconciliation of Suspense/Transit/Proxy Accounts.

•    Initiates process of investigation into unusual occurrence in the Branches/Head Office suspense accounts.

•   Ensure cleanliness and Integrity of all Internal/GL accounts in the branches/Head Office entities under coverage through  the review of  their proof of accounts

•   Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence

•   Ensure accurate reconciliation of Branches /Head Office Suspense accounts using Clirec.

•   Follow up with Branches / Head Office entities on end of month suspense accounts proofs

•   Follow up on all unmatched and outstanding items by generating written queries to the applicable unit / branch

•   Prompt rendition of month end reports on Suspense accounts exceptions

•   Conduct mid month surprise checks on suspense accounts.

•   Review of Unclaimed balances GLs

Required Skills and Qualifications:

Personal Skills:

•   Integrity

•   Analytical Skills

•   Organizational Skills

•   Interpersonal Skills

•   Good communication skills-written and verbal

•   Attention to detail

•   Must be a team player

Required Competencies:

Technical competencies:  

•   Number of PoR networks being reviewed

•   Computer proficiency in Microsoft Word and Excel

•   A general knowledge of the bank's accounting practices

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