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Reconciliation Officer at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

Job Title: Reconciliation Officer

Location: Lagos Mainland, Lagos

Job ID: 65087

Job Sector: Banking

Country: Nigeria

Region / State / Province / District: Lagos

Work Arrangement: Fully Office Based

Job Details

Test Division Summary

Job Purpose

To support the Team Leader, deliver prompt reconciliation of all accounts under review and ensure there are no long outstanding items that can lead to financial loss for the bank.

Key Responsibilities / Accountabilities

Daily Review of GL balances
Review and reconciliation of Suspense/Transit/Proxy Accounts
Initiates process of investigation into unusual occurrence in the Branches / Head Officer 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

Follow up with Branches / Head Office entities on end of month suspense accounts proofs and all unmatched and outstanding items by generating written queries to the applicable unit / SOL
Prompt rendition of month end reports on Suspense accounts exceptions and prompt rendition of monthly / Quarterly EFASS reports on Nostro accounts
Ensure proper filing, storage and retreival for Nostro accounts
Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence

Minimum Qualification and Experience

First Degree in Finance and Accounting
Professional certification in Accounting (ACA,ACCA)
Practical knowledge of how to input, access and utilize information to analyse Financial statement
Understanding the branch service standard and practice
Minimum of 3 years experience covering general banking (i.e. PBB OPS, CIB OPS & Branch Control, etc).
Comprehensive knowledge of banking transaction processes relevant to products and services offered to customers;