Senior AssociateReconciliation

Job Summary TO HANDLE THE TRANSACTIONS THROUGH NOSTRO BANK ACCOUNTS ARE PROPERLY RECONCILED AND OUTSTANDING ITEMS ARE FOLLOWED UP EFFICIENTLY Daily Reconciliation of 45 Nostro Accounts 7 Dividend SubDividend Accounts Ensuring that statement received from the Bank are getting tallied with the GL Balance Knowledge of SWIFT messaging The issues exceptions if any are escalated to the Team Lead Supervisor Manager Stakeholders for immediate action to avoid the risk of Operational Financial loss The job holder is also responsible to the smooth Operations of the unit and to provide the required support to review update of SOPs SLAs and any adhoc assignments including process reengineering undertaken by the unit Key Accountabilities Reconcile unmatched transaction in Nostro Dividend on daily Basis If found any discrepancies in unmatched transaction has to be reported to the respective Stakeholder Identification of debit transaction and reporting to Stakeholder for clearance Provide Critical Reports followed after Upload of all Statements in CARS such asDealers ReportCredit Confirmation ReportSettlement Report ATM Master Visa Outward clearing Cheque ReportsCommission ReportManager s ChequeDaily Circulation of High Value Report QCB FCY MIS to all the Stakeholders within the Bank Prepare Monthly Reports of Bank charges file corresponding bank charges Rebates and Nostro charges Resolving queries within the organization as well as liaising with external Bank for investigation Prepare monthly proof sheets of all related suspense accounts Draft report and submit to Team leader Manager Any other tasks which the Team Manager may assign from time to time depending on work exigencies Daily basis Ensure no loss due to reconciliation failure and 100 compliance of all deadlines with total accuracy At least two process improvements either by automation of process process simplification by Year end and reduce turnaround of current process Acquire full range of skill of one other desk of Reconciliations Unit Have flair to understand system performing UAT will be preferable