Bank Recon Clerk - KZN

Al Baraka Bank South Africa · KwaZulu-Natal

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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

QUALIFICATIONS

A BCom degree or Relevant Qualification in Finance / Accounting will be required in order to meet the requirements of the role at the highest level of competence

EXPERIENCE

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