Sidian Bank – Officer-Reconciliations.

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Officer – Reconciliations

Branch: Kilimani Branch – Head Office

Department: Shared Services

Reports to: Manager, Loans Processing

Job Purpose:

The position is responsible for the prompt efficient reconciliation of the ADC related processes by ensuring all controls and settlement policies are followed.

Key Responsibilities and Activities:

Reconciliations

  • Ensure daily reconciliation of ADC related accounts with discrepancies identified and corrected within 48 hrs. and exceptions escalated.
  • Ensure M-Pesa floats in the branches and head office are maintained.
  • Ensure commissions are collected and distributed to branches within 24 hours of receipt.
  • Ensure amounts owed by other banks are settled on a bank to month basis.
  • Ensure all ADC related reports are prepared as per the set schedule in a timely manner.
  • Ensure all items posted are authorized before close of business. 

Revenue Assurance

  • Support in Analysis of Actual Vs Expected revenue from all transactional revenue lines.
  • Identifying uncollected charges in Nostro and other operational accounts (banker’s cheques, Mpesa, card Centre and Funds transfer) and ensuring that the same is collected.
  • Ensure that debits in P&L are monitored on a daily basis and any exceptions escalated. To pick any authorized debits in P&L accounts.

Customer Service

  • Effect instructions received from customers or branches within 24 hours of receipt e.g. Card reactivation, blocking lost/stolen cards.
  • Ensure adequate stocks of stationery to branches and maintenance of re-order levels thereto.
  • Respond to customer and branch queries.

Reports

  • Prepare a summary report of transaction movement.
  • Ensure daily receipt of reconciliation reports within the department.
  • Any other report as may have been assigned.
  • Inform the relevant authorities on the anomalies related to ATM, Money Gram, M-Pesa and Western Union system operations and faults rectified.

Financial Management

  • Ensures management of costs.
  • Ensure prevention of income leakage and collection of revenue.
  • Facilitating in cost containment of various transactional processes by ensuring avoidance of chargeable errors.
  • Ensuring that the bank doesn’t incur losses through internal, Nostro & swift charges

Knowledge, Skills and Experience:

  • Bachelor’s degree in a business-related cost & a diploma in a business-related course, CPA Part II
  • At least 3 years working experience in operations.
  • Good analytical skills and report writing skills.

CLICK HERE TO APPLY

Apply by: 2nd Jul, 2021

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Sidian Bank

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