Job Description: Reconciliations Manager

General Details

• Job Title: Reconciliations Manager
• Department: Finance
• Job Grade: Manager
• Reports To: Head of Financial Controls
• No. of Vacancies: 1

Job Purpose

The Reconciliations Manager ensures the accuracy, completeness, and timeliness of all reconciliations within the bank’s financial systems. This includes:

• Bank accounts
• General ledger (GL) accounts
• Intercompany accounts
• Clearing and transit/suspense accounts

The role also ensures compliance with internal controls and regulatory requirements and supports operational efficiency by resolving reconciling items promptly.

Key Duties and Responsibilities

1. Central Bank Clearing & Nostro Accounts Reconciliations
   • Review all bank account reconciliations, including Nostro and Central Bank clearing accounts.
   • Ensure timely identification and clearance of reconciling items by liaising with Operations and Treasury Back Office.
   • Escalate and follow up on unreconciled items with respective departments within defined timelines.
2. General Ledger (GL) Reconciliations
   • Oversee reconciliation of all GL accounts, ensuring accuracy and completeness.
   • Assign ownership and classify GL accounts into risk categories (high, medium, low).
   • Conduct snap checks to validate reconciliations and address unusual or long-outstanding items.
3. Intercompany Accounts
   • Review and follow up on reconciliation of intercompany payables and receivables.
   • Ensure timely resolution of discrepancies in line with group reporting requirements.
4. Reporting & Compliance
   • Prepare and submit monthly GL reconciliation reports to management and Group.
   • Liaise with GL owners, reconcilers, and reviewers to ensure timely completion and attestation of reconciliations.
   • Ensure compliance with internal policies, regulatory standards, and audit requirements.
5. Batch Proofing & Transaction Validation
   • Review daily batch proofing reports to confirm all payments are appropriately supported.
   • Ensure accurate and timely execution of batch proofing processes.
6. Risk Management & Controls
   • Maintain robust reconciliation controls to mitigate financial and operational risks.
   • Identify process gaps and recommend improvements for efficiency and accuracy.
   • Support internal and external audits with reconciliation documentation and explanations.
7. Stakeholder Engagement
   • Collaborate with Operations, Treasury, Finance, Credit, and other units to resolve reconciliation issues.
   • Provide guidance and training to reconciliation staff on best practices and compliance requirements.

Qualifications and Skills

Education & Professional Qualification

• Bachelor’s degree in Finance, Accounting, or related field from a recognized university.
• CPA or ACCA qualification preferred.

Experience

• Minimum 5 years’ experience in financial reconciliations within banking or financial services.
• Supervisory or team management experience is essential.

Core Competencies

• Strong knowledge of GL systems, bank operations, and reconciliation processes.
• Analytical skills and proficiency in MS Excel and financial systems (e.g., Oracle, Finacle).
• Excellent communication and interpersonal skills.
• Attention to detail, accuracy, and high integrity.
• Ability to lead and work collaboratively with teams and stakeholders.

Application Details

• Submission Requirements: Cover letter, detailed resume, and copies of relevant certificates/testimonials in a single PDF.
• Subject Field: Quote the Job Title or Ref No. in the subject line.
• Email: TZRecruitment@equitybank.co.tz
• Application Deadline: Tuesday, 16th December 2025