Financial Role - Reconciliation - Bank

Responsibilities :

- Monthly/periodic preparation of reconciliation under his/her portfolio by analysing transactions that should occur in an account to the transactions that actually did occur.

- The attestation of reconciliation by application of accounting knowledge and policies to determine any unusual transactions, duplicate or erroneous payments, correct account usage, reasonableness, transactions that are not allowable per policy, reconciling items and their ageing.

- Engage in business and review calls with various stakeholders and business partners to ensure timely and accurate closure of reconciliation and action items. Review open items and work with business partners for resolution, work with LOB Controllers, other departments, business units to resolve problems pertaining to General Ledger account usage.

- Conduct due diligence of reconciliation and procedure to ensure better compliance with accounting and reconciliation standards and policies.

- Support the Reconciliation Governance team with any queries and documentation and ensure adherence to controls and timely record updations for risk mitigation.

- Perform different variety of routine and ad-hoc reconciliations in accordance with standard procedures in compliance with internal company policies and SOX requirements

- Identify and implement simplification opportunities in process through usage of advance tools and technologies.

- Mentor the reconciler and conduct trainings for better skill management and drive competencies in the process.

- Verification on a daily basis that the system reconciliations have been updated through external feeds and that the data is correct

- Engage in process driven initiative and projects and also drive maximum participation from fellow approvers and reconcilers.

Support the designated Manager with any other tasks assigned on the process from time to time

Requirements:

Education :

- B. Com with 6 - 7 yrs. of experience, out of which at least 6 yrs. in GL Accounting & Reconciliation function.

OR

- M. Com/CA (Inter) with 4-5 yrs. of accounting experience.

Certifications If Any : NA

Experience Range :

- 6 - 7 years of experience with at least 4 years in GL Accounting & Reconciliation.

Foundational skills :

1) Experience in preparation of GL reconciliations in a similar environment

2) Excellent oral and written communication skills

3) Excellent knowledge of accounting concepts & journal entries

4) Good analytical skills

5) Clear understanding of transaction flow in General Ledger

6) Proficient in knowledge of MS Excel and other office applications

7) Proficient in Audit & SOX controls

Desired skills :

1) Advanced Excel and VBA

2) Alteryx and advanced analysis/automation tools.