Reconciliation Accountant at BOTSWANA SAVINGS BANK

Main Purpose of the Job

Responsible for managing the reconciliation of third-party transaction’s with the organisation’s accounts. The Manager, Reconciliation Accountant also ensures that organisational guidelines which minimise reconciliation errors and improve process effectiveness and efficiency are in place; reviews the organisation’s accounts and validates that they align with third party transaction data and investigates errors and discrepancies.

Key Performance Areas

1. Accuracy of third party reconciliations
2. Compliance with international accounting financial reporting standards and procedures and adherence to regulatory requirements
3. Minimisation of audit queries
4. Availability of reconciliations in line with agreed schedules

Qualifications: Membership of an internationally recognised institute of professional accountants (BICA, ACCA, ACA, CIMA, etc.) or equivalent            professional qualification or relevant master’s in accounting, Finance, Financial Management or equivalent.

Experience: Five (5) years’ experience in a financial management and/or accounting role (preferably at a bank or other mass market financial institution) including at least two (2) years at a supervisory level.

Demonstrated experience utilising a computerised accounting system and detailed knowledge of contracts and change order documents is essential.

Competencies: Critical and analytical thinking
Planning and organisation
Detail oriented
Resource management
Communications, impact and influence

Core Accountabilities and Responsibilities
1. Ensure the daily reconciliation of organisation accounts and customer transactions carried out through third-party financial service providers (e.g. FNB).
2. Review daily batch summary sheets from reports generated during posting.
3. Identify and resolve all variances in accordance with organisational processes and procedures.
4. Identify root causes of errors and develop mitigations to reduce likelihood of future errors.
5. Escalate any significant or persistent variances to the Chief Finance Officer.
6. Develop and maintain a system which optimises daily workflows and productivity.
7. Reconcile financial data between integrated modules, assess the causes of any reconciled differences and correct these errors.
8. Ensure that monthly reconciliations of bank and control accounts are completed prior to the drafting of the Trail Balance.
9. Review the performance of reconciliation accounting staff and place them in training programs if necessary.
10. Review the financial statements of the organisation and assess whether any discrepancies are present and identify the causes.
11. Benchmark quality and productivity against best practices.
12. Develop and implement monitoring, measurement and tracking processes and systems.