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Reconciliation Analyst

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Job Description - Reconciliation Analyst

Job Summary:

A Reconciliation Analyst ensures the accuracy and integrity of financial transactions by reconciling accounts, investigating discrepancies, and maintaining compliance with financial regulations. They are detail -oriented, analytical, and proficient in handling USD and Naira reconciliations across agency banking, web payments, and remittance transactions.

Key Responsibilities:

1. Perform daily, weekly, and monthly reconciliation of financial transactions, ensuring

accuracy between internal records and external statements.

2. Investigate and resolve discrepancies in financial records, working closely with internal

teams and external stakeholders.

3. Monitor and analyze variances in financial transactions to ensure data integrity.

4. Ensure timely reconciliation of payments, invoices, bank statements, and other financial

records.

5. Maintain accurate and up -to -date records of all reconciliations for audit and reporting

purposes.

6. Collaborate with the Finance and Accounting teams to identify process gaps and improve

reconciliation workflows.

7. Provide regular reports and insights on reconciliation activities to management.

8. Ensure compliance with financial regulations and internal policies regarding transaction

reconciliation.

9. Identify opportunities for automation and process improvements in reconciliation tasks.

10. Assist in preparing documentation and reports for audits and financial reviews.



Requirements

  • Strong analytical skills with attention to detail.
  • Experience in financial reconciliation, settlement processes, or accounting.
  • Proficiency in financial software and reconciliation tools.
  • Ability to work with large datasets and identify discrepancies effectively.
  • Understanding of CBN reporting requirements for FOREX transactions.
  • Proficiency in handling FOREX and Naira transaction reconciliations.

  • Ability to interpret financial data and provide insights Strong communication and problem -solving skills.



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