Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system financial system for 150 years, and now spans 16 countries across the African continent.
The Operations division of Standard Bank is at the very centre of all the bank’s procedures, enabling and optimising our Corporate and Investment Banking activities. We develop prototype concepts into robust, reliable solutions, constantly evolving our existing product range to help the bank maintain a competitive lead with our global clients. We are also in demand as internal consultants to the business, helping to manage the Bank’s assets through effective risk management and control systems. As part of this role we now seek an experienced professional, who will help guide our work to fulfill our ambitious growth strategy
We are recruiting to fill the above position of:
Job Title: Officer, Suspense Recons
Job ID: 12583
Location: Nigeria
Purpose of Job
To support the Team Leader, deliver prompt reconciliation of all suspense accounts and ensure there are no long outstanding items.
Key Accountabilities/KRA
Daily Review of GL balances
- Review and reconciliation of Suspense/Transit/Proxy Accounts.
- Initiates process of investigation into unusual occurrence in the Branches/Head Office suspense accounts.
- Ensure cleanliness and Integrity of all Internal/GL accounts in the branches/Head Office entities under coverage through the review of their proof of accounts
- Maintain a culture within the Bank that emphasizes and demonstrates to all the importance of reconciliation and its corresponding effect on service excellence
- Ensure accurate reconciliation of Branches /Head Office Suspense accounts using Clirec.
- Follow up with Branches / Head Office entities on end of month suspense accounts proofs
- Follow up on all unmatched and outstanding items by generating written queries to the applicable unit / branch
- Prompt rendition of month end reports on Suspense accounts exceptions
- Conduct mid month surprise checks on suspense accounts.
- Review of Unclaimed balances GLs
Required Skills and Qualifications
Personal Skills
- Integrity
- Analytical Skills
- Organizational Skills
- Interpersonal Skills
- Good communication skills-written and verbal
- Attention to detail
- Must be a team player
Required Competencies
Technical competencies:
- Number of PoR networks being reviewed
- Computer proficiency in Microsoft Word and Excel
- A general knowledge of the bank’s accounting practices
Application Closing Date
7th April, 2014
Method of Application
Interested and qualified candidates should
Click here to apply online