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 / Sub-Dividend 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 ad-hoc assignments (including process re-engineering) 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 as-
- Dealers Report
- Credit Confirmation Report
- Settlement Report (ATM, Master & Visa)
- Outward clearing Cheque Reports
- Commission Report
- Manager’s Cheque
- Daily 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.
Skills
Education
- Bachelor degree or equivalent