Bank Reconciliator (Accounting Background) at Great Brands

Scope of Role


Daily reconciliation of all regional bank collection accounts and HO.
Daily reconciliation of POS transactions across five regions collection account and HO.
Monitoring of inter-regional and head office fund transfers.
Investigation and resolution of discrepancies.
Preparation of reconciliation reports and variance analysis.
Daily reporting of all reconciles and unreconciled item to the Head Regional Accounts Manager


Key Responsibilities
Daily Bank Reconciliation (All Regions/HO):


Download and review daily bank statements for all collection accounts.
Match bank transactions against General Leager, collection accounts and ERP system postings
Identify and classify reconciling items including, unmatched credits and debits, Bank charges and interest and direct debits and standing orders like daily sweep.
Prepare and post approved journal entries for bank-related adjustments.
Maintain updated reconciliation schedules for each region.
Ensure reconciling items are cleared within agreed timelines.
Escalate unposted customers payment to the RAM and Head Regional Account Manager.
Escalate and reconcile double posting in the customer's account.
Daily follow-up on outstanding payments from customers.


POS Transaction Reconciliation (Five Regions/HO):


Obtain daily POS sales reports from all regional collection accounts.
Download settlement reports from banks and payment service providers.
Reconcile POS collection accounts, settlement reports and Settlement report vs bank credits
Identify and investigate Failed transactions, chargebacks, reversals, short or delayed settlements and merchant service charges.
Maintain POS variance tracking reports per region.
Liaise with banks and service providers to resolve discrepancies.
Monitor transfers between regional accounts and head office accounts.
Confirm transfer out entries match corresponding transfer in entries.
Investigate timing differences or missing transfers.
Investigate discrepancies immediately upon identification.
Liaise with head regional account manager, banks, and service providers.
Maintain a discrepancy resolution log.
Escalate unresolved issues to the head regional account manager on daily basis.


Requirements


Candidates should possess a Bachelor's Degree with 2 - 3 years of working experience.