Bank Recon Clerk - KZN

MAIN FUNCTIONS OF THE JOB

Bank Reconciliation

• Run extracts of all iMal transactions for each bank account and update the cash book accordingly.
• Reconcile all iMal entries against bank statements, ensuring transactions are accurately allocated and recorded.
• Investigate and resolve any discrepancies or outstanding reconciling items.
• Prepare and provide bank reconciliations to external auditors and respond to audit queries as required.

ABG Bank limits Reporting

• Update cash balance and interbank placement information for ABG reporting by the 6th of each month.
• Ensure the accuracy and completeness of all reported information.

Inter-system Reconciliation

• Reconcile transactions between the iMal system and the Enterprise Debit Card System.
• Verify that all branch transactions are accurately captured and reflected in both systems.
• Investigate and resolve any differences between the systems.

SWIFT messages

• Verify SWIFT messages as required, ensuring accuracy and compliance with internal controls and banking procedures.

Monitoring ad Reporting

• Monitor bank charges and interest across all bank accounts.
• Prepare monthly schedules for bank charges and interest, ensuring they reconcile with Power BI reports.
• Identify unusual transactions or variances and escalate where necessary.

Month end schedules

• Prepare month-end bank reconciliations, schedules, and supporting working papers for management review.
• Follow up with branches and relevant departments to resolve outstanding reconciliation items promptly.
• Ensure all month-end reconciliation deadlines are met.

General responsibilities

• Perform ad hoc duties as assigned by management.
• Provide support for finance-related projects and process improvement initiatives when required.
• Maintain compliance with internal policies, accounting standards, and regulatory requirements.

Requirements

• A minimum of 2-3 years of experience in banking, with at least 1-2 years prior experience in reconciling of cash and cash equivalents.

KNOWLEDGE

• Microsoft Office
• iMal
• PowerBI