Manager, Agency& Product Reconciliation job at KCB Bank

JOB DETAILS:
Job Description
Key Responsibilities:
• Ensure items are reconciled timely and accurately in Nostro accounts, suspense accounts, telecom agency money transfer accounts and collection accounts as per the Reconciliation Guidelines.
• Ensure reconciliation and settlements are done on international agent money transfer accounts and card related accounts in line with agent policies and procedures as well as bank accounting procedures.

• Oversight and management of Telecom money transfer float to and from branches and on the Bank’s OVAs.
• Monitor and ensure exceptional items are tracked and escalated as stipulated in Reconciliation Guidelines.

• Monitor and ensure prompt response to reconciliation related queries from other subsidiaries and branches.

• Ensure timely presentation of end of month reports and returns where applicable to Finance and Risk Departments.

• Participate in projects within the Department, including automation and new products.
• Participate in the identification, control and reporting of key risk indicators with in the Operations department.

Daily Responsibilities:
• Review and verify reconciliation returns and postings of all suspense accounts held within Head Office operation’s department.
• Oversee and guide reconciliation team so as to ensure all disputes (chargebacks) are handled and processed in a timely manner, and measures put in place to mitigate any exposures.
• Participate in projects within the Department, including automation and new products.

Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education:

Job application procedure

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