Reconciliation Supervisor Job Vacancy at KCB Bank Tanzania

Full Time

Website KCB Bank Tanzania

KCB Bank Tanzania Limited, also KCB Bank Tanzania, is a commercial bank in Tanzania.

Reconciliation Supervisor Job Vacancy at KCB Bank Tanzania

Job Summary:

  • Ensure all outstanding items are accurately reconciled, all initial investigations and subsequent follow-ups are done promptly.
  • Ensure all items outstanding beyond the required time (days) are reduced to nil.
  • To undertake periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.

JOB DETAILS;

Key Responsibilities:

  • Reconciliation of the Intercompany Accounts across the Subsidiaries.
  • Reconcile Tanzania Nostros and Central bank accounts.
  • Ensure balances in both ledger and Nostro/ Intercompany accounts are correct.
  • Modify all unreconciled items; append them to respective business units and branches using references. Send the modified items to the business units and branches.
  • Follow-up via e-mail, swift chasers, and telephone to ensure that the respective Subsidiaries/ business units/ branches uplift their outstanding items.
  • Apply for write-off or absorption of long outstanding items which cannot be resolved.
  • Ensure compliance with key control standards as per group requirement.

Daily Responsibilities:

  • Ensure all the statements are complete and correct.
  • Follow up on missing statements.
  • Reconcile all matching entries in the accounts with entries in ledger statements.
  • Follow up on outstanding and or unresolved items with branches, Head Office Units, subsidiaries, and corresponding Banks.
  • Responding to queries from other branches, Head Office Units, subsidiaries and corresponding banks.
  • Follow up on item without cover; liaise with branches, Head Office Units, subsidiaries, and corresponding Banks to reverse any erroneous entries.

Reconciliation Supervisor Job Vacancy at KCB Bank Tanzania

Requirements:

  • Bachelor’s degree in Banking, Finance, Accounts and Risk
  • CPA will be a value-added advantage.
  • Masters will be value-added advantage
  • 2-3 years of experience in Banking Operations

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To apply for this job please visit tz.kcbgroup.com.