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Reconciliation Officer

Krugersdorp Krugersdorp Mogale City, South Africa
Closing date
Jul 17, 2024

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Job Role
Contract Type
Full Time
Daily reconciliation of Cash Cover, collateral, Call and Margin accounts
Ensuring attention to detail when screening of position and cash reconciliations submitted to stakeholders and the timely escalation of any discrepancies as and when they are encountered
The implementation of processes and controls to ensure that recons that reconciliations sent out to stakeholders are done so in accordance with service level agreements
Strict monitoring and actioning of all internal controls
Ensure satisfactory audit
Obtain approval on initial and Subsequent Facility Drawdown processes
Ensure deals have been approved by the deal committee before requesting authorization from management
Escrow services - review submissions, match agreement to joint instruction, send for approval so that funds can be disbursement
Ensure that the deals are executed in line with the deal specific approval and conditions precedent and sent for validation to management
Investigate and resolve any discrepancies, raising issues to the relevant TMU Specialist and Trade Finance Operations and Global Markets trading desk
Preparation of Manual Reconciliation templates
Update Control First daily task checklist
Update daily Management Information
Filing of all reconciliation reports or relevant supporting documentation
Investigating, resolving and responding to any queries
Follow up and resolution of any Internal or External Audit queries
Our client in the banking industry is looking for a Reconciliation Officer! To oversee accurate and timely reconciliations across all accounts, products, and systems, ensuring the smooth flow of trade transactions. Gain valuable experience in a critical role while streamlining discrepancy resolution.2-month contract
3-4 years
B Comm or equivalent tertiary level education
Trade Services knowledge, including Back to Backs, Open Account Trade Finance, Risk Participation, Trade Loans, Exchange Control and Escrow accounts.
good understanding of the purpose of a reconciliation.
Good working knowledge of the mechanics of reconciliations
High level ability to work with Excel including Pivot tables.
Understanding of Balance Sheet Substantiation
Daily review of Cash and Position reconciliation Management Information dashboards
Previous experience in a Global Markets Reconciliations area recommended
Building and maintaining stakeholder relationships in functions external to the teams at a supervisory level

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