Reconciliation Officer at Standard Chartered Bank - Lagos

Standard Chartered Bank Nigeria - We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group's people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.

Standard Chartered is recruiting to fill the position of:

Job Title: Reconciliation Officer

Job ID: 434647
Job Function: Finance
Location: Lagos, Nigeria - SCB

Job Description

• Provide report and ensure completeness, validity & accuracy of the GL accounts which local finance holds ownership in line with the FCP manual.
• Maintenance of proper record and documentation of SME investments.
• Maintenance of Fixed Asset Movement schedule and fixed asset register.
• Acts as the tax remittance officer, Insurance officer and as the CBR Officer

Key Roles & Responsibilities

1. Fixed Assets Management

• Prepare fixed assets movement schedule agreeing to the general ledger.
• Ensure proper treatment and classification of all fixed assets.
• Ensure no erroneous entries are posted into the fixed assets accounts.
• Provide documents for all additions to fixed assets.

2. SME Investment accounting

• Prepare SME investment movement schedule monthly.
• Ensure proper tracking of income and repayment on SME investments.
• Manages the SME accounts and ensure proper record keeping and filing.

3. GL Reconciliation & Controls

• Prepare daily Finance Suspense Reconciliation
• Prepare daily trial balance review.
• Preparation of PSGL Accounts proofs monthly
• Prepare the Fixed Assets Schedule and undertake monthly reconciliation of the fixed assets register with the ledger
• Investigate all Receivables and Payables Accounts
• Propose correcting entries to Finance Operations as required
• Investigate all unusual items of Suspense & Sundry Accounts
• Escalate outstanding items that are within FCP manual thresholds
• Process all cross border recharges and maintain proper records.

4. Tax and Payroll Remittance

• Remit all tax and payroll deductions to the relevant tax authority before deadline.
• Obtain valid receipts and credit notes for the remittances.

5. Insurance

• Ensure adequate insurance cover for insurable Bank Asset
• Prompt settlement of Premium due on all insurance transaction.

Qualifications & Skills

• Minimum of a Second degree in a relevant course. Professional qualifications in Accounting and Finance e.g. ACCA, ACA plus at least five years work experience in an Accounting department of a financial institution.
• Good Analytical/writing skills
• Knowledge of PSGL Systems and general high level of computer literacy and understanding of business computing environment
• Good communications and interpersonal skills

Application Closing Date
Not Stated

Method of Application
Interested and qualified candidates should:
Click here to apply online