Senior Associate - Reconciliation Development

Job Description

Job Summary

The role entails developing rules for Nostro/GL/Suspense accounts to enhance auto-matching capabilities for reconciliations. This involves creating product-specific rules for FIS Intellimatch to ensure accurate reconciliation from the general ledger to the appropriate source. Monitoring the integrity of general ledger accounts, identifying discrepancies, and investigating un-reconciled balances are key responsibilities. Collaboration with IT, Finance, Ops Risk, Internal, and External Audit is vital for effective reconciliation and issue resolution. Additionally, the position involves preparing quality dashboards, generating management reports, and implementing process improvements to optimize efficiency and accuracy within operations.

Key Accountabilities

• Develop, test and produce matching rules for NOSTRO/ Dividend/ Central Bank/ ATM GL/ Sundry/ Suspense accounts reconciliation & monitoring of aging analysis.
• Develop, test and produce matching rules for Visa Card/ MasterCard/ Diners including Issuing & Acquiring – Debit & Credit Card GL reconciliation & monitoring of outstanding items.
• Review and optimize all data inflows for all required reconciliations
• Develop dedicated automated dashboards to monitor matching, aging, data quality and effectiveness
• Automation of all manual reconciliation processes with proactive controls for exception management
• Reviewing the transaction defects based on root-cause reports and identifying/proposing robotic automation solutions with enhanced controls.
• Strong understanding of financial concepts: A good understanding of financial concepts such as general ledger, accounts payable, accounts receivable, etc
• Experience with financial reconciliation software: Experience with financial reconciliation software such as  IntelliMatch is essential. Knowledge of other similar software, such as TLM Reconciliations Premium or SmartStream TLM Reconciliations, may also be beneficial
• Understanding of database management: strong understanding of database management, including data modeling and database design.

Skills

Experience

Preferred Candidate

Years of Experience

Min: 2

Degree

Bachelor's degree / higher diploma