Reconciliation Analyst

2 weeks ago

Karachi, Sindh, Pakistan Halan Microfinance Bank Full time

Senior Officer, GL Monitoring and Reconciliation

Department:
 Centralized Operations

Reports to:
 Manager - GL Monitoring and Reconciliation  

Job summary

The Senior Officer, GL Monitoring and Reconciliation, is responsible for ensuring the accuracy, integrity, and timely reconciliation of all general ledger accounts within the centralized & branch operations function. This role involves monitoring general ledger activity, investigating and resolving discrepancies, and assisting with the month-end and quarter-end and year-end closing processes. The incumbent will work closely with various internal departments and play a key role in minimizing operational risk and ensuring compliance with accounting standards and internal policies.

Key roles and responsibilities

  • · 
    Daily monitoring and reconciliation
    :

  • Perform daily, weekly, and monthly reconciliations of complex GL accounts, including suspense, nostro, and internal accounts.

  • Identify, investigate, and resolve discrepancies in a timely manner, escalating long-outstanding items to management.

  • · 
    Process improvement and automation
    :

  • Develop and implement strategies to improve the efficiency and accuracy of reconciliation processes.

  • Identify and suggest opportunities for process enhancements and automation to minimize manual errors and operational risks.

  • · 
    Audit and compliance
    :

  • Ensure all reconciliation activities comply with internal policies, accounting standards and external regulatory requirements.

  • Support internal and external audits by providing necessary documentation and explanations related to GL reconciliations.

  • · 
    Reporting and analysis
    :

  • Prepare and submit periodic reconciliation reports to management, highlighting trends, anomalies, and areas for improvement.

  • Provide ad-hoc financial analysis and reports as required to support business decision-making.

  • · 
    Collaboration and communication
    :

  • Collaborate with various internal departments (e.g., Finance, IT, and other business units) to resolve transaction discrepancies and operational issues.

  • Communicate complex financial information clearly and concisely to both finance and non-finance stakeholders.

  • · 
    Team support and mentoring
    :

  • Provide guidance and training to junior team members on reconciliation best practices and procedures.

  • Act as a subject matter expert for reconciliation-related queries within the department.

Skills and qualifications

  • · 
    Education
    : Bachelor's degree in Finance, Accounting, or a related field is typically required, with a professional certification like CPA or ACCA being an advantage.

  • · 
    Experience
    : Candidates should have at least 2 to 3 years of relevant experience in financial reconciliation, preferably in a banking or financial services setting with significant general ledger exposure.

  • · 
    Technical skills
    : Essential technical skills include proficiency with financial software and databases, advanced Excel skills (including pivot tables and VLOOKUP), and a solid understanding of accounting principles and financial regulations.

  • · 
    Soft skills
    : Key soft skills for this role are strong analytical and problem-solving abilities, exceptional attention to detail, excellent communication skills (both written and verbal), the ability to work well both independently and in a team, and strong organizational and time-management skills to meet deadlines.

  • · 
    Behavioral traits
    : Important behavioral traits include a high level of integrity and ethical conduct, trustworthiness, being proactive, self-motivated, and having a continuous improvement mindset.

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