Senior Accountant - TrBOT | Finance Shared Service Center | Corporate Services

Overview of the role

As a member of the Bank reconciliations team you will be supporting the Divisional Finance Controlling teams and the Business Units in ensuring timely reconciliation of the Group\xe2\x80\x99s bank accounts and reporting in relation thereto and also supporting the business units in enhancing customer experience by timely performing the activity of credit confirmations.

In addition, you would be responsible to ensure that all open line items timely escalated to, followed up with and resolved by relevant internal stakeholders (such as Global Treasury Centre, FSSC- I2P, FSSC- O2C, FSSC- R2R, Business Finance, Divisional Financial Controlling etc). and external stakeholders such as banks. Where the open line items are a result of system or process issues. you are responsible for escalating such matters to the Senior Manager- Bank reconciliations and working with the Senior Manager and other relevant stakeholders in finding a solution to such issues.

What you will do

Reconciliation of bank accounts

• Run the scheduler to automatically clear open line items where matching references exist.
• Perform manual matching of open line items wherever possible after ensuring adequate matching criteria exist and due confirmations are obtained

Reporting of open line items

• Ensuring that all the open line items at the end of the day are reported to relevant internal stakeholders- Business Finance, Divisional Financial Controlling, FSSC-O2C, FSSC- I2P, Global Treasury Centre etc. for timely investigation and resolution.
• Ensuring that any open items that needs investigated at the banks\xe2\x80\x99 end are reported to the banks for investigation and resolution
• Ensuring that any instances of cheque dishonours and amounts debited by bank but not accounted by us are promptly bought to the notice of businesses/other concerned stakeholders.
• Ensuring that all month end submissions in relation to bank reconciliation statements are carried out

Credit confirmations

• Ensuring that all queries from business teams in relation to deposit of cash or cheques by customers are reviewed and responded after referring to the online banking reports so that timely delivery of goods/services by business teams is ensured

Accounting and Audit

• Ensuring all bank charges are accounted in consultation with Treasury and FSSC-I2P.
• Supporting internal and external audit processes in relation to bank reconciliations

Continuous follow-up, escalation and resolution of open line items

• Ensuring that all the open line items in the Bank reconciliations are reviewed daily and followed up and escalated timely to ensure a timely resolution and clearance

Process and system improvement initiatives

• Identifying opportunities for improving systems and processes for timely clearance, reporting and resolution of open line items in the Bank reconciliation process and in the upstream collection/ payment processes.

Bayt