About the job


The Account Officer - Bank Reconciliation is responsible for ensuring accurate and timely reconciliation of the company’s bank accounts with its financial records. This role involves verifying transactions, identifying discrepancies, and resolving issues to maintain financial accuracy and compliance. The ideal candidate must posses strong analytical skills, attention to detail, and experience in accounting, particularly in bank reconciliation.


Key Responsibilities:

Bank Reconciliation:


Perform daily, weekly, and monthly reconciliation of bank statements with the company’s accounting records.
Investigate and resolve discrepancies between bank records and internal ledgers.
Ensure all transactions (deposits, withdrawals, fees, and charges) are accurately recorded.


Financial Reporting & Documentation:


Prepare and maintain reconciliation reports for management review.
Document reconciliation processes and adjustments for audit purposes.
Assist in month-end and year-end closing activities.


Discrepancy Resolution:


Identify and rectify errors in bank postings, missing entries, or duplicate transactions.
Coordinate with banks and internal departments (Sales, Finance, Treasury) to resolve discrepancies.


Compliance & Internal Controls:


Ensure compliance with company policies and accounting standards.
Support internal and external audits by providing reconciliation reports and documentation.


Process Improvement:


Recommend and implement improvements to the reconciliation process for efficiency.
Utilize accounting software (e.g., QuickBooks, SAP, Oracle) to automate reconciliations where possible.


Requirements:


Education: Bachelor’s degree in Accounting, Finance, or a related field.


Experience:


Minimum of 2-3 years in accounting, preferably in bank reconciliation.
Experience in a sales or trading company is a plus.


Skills & Competencies:


Strong knowledge of accounting principles and bank reconciliation processes.
Proficiency in Microsoft Excel (VLOOKUP, Pivot Tables) and accounting software.
High attention to detail and accuracy.
Strong analytical and problem-solving skills.
Ability to work under tight deadlines.