Reconciliation Officer at Excel and Grace Consulting

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 month ago

Additional Details

Job ID
143646
Job Views
35

Job Description






Role Summary




  • The Reconciliation Officer is responsible for ensuring the accuracy, completeness, and integrity of all financial transactions within the organization.

  • The role requires strong attention to detail, discipline, and the ability to promptly detect and resolve discrepancies across all savings, loan, and operational accounts.



Key Responsibilities




  • Reconcile all daily, weekly, and monthly transactions across cash, bank accounts, POS, transfers, field agents, and digital platforms

  • Match field agents’ collections with bank statements, system records, and savings registers

  • Verify savings deposits, loan repayments, charges, and other inflows before confirmation and posting

  • Identify, document, and immediately escalate discrepancies, shortages, excesses, or missing entries

  • Investigate reconciliation differences and provide clear, evidence-backed explanations

  • Work closely with Accounts, Operations, and Field Supervisors to resolve reconciliation issues promptly

  • Maintain accurate reconciliation schedules, registers, and supporting documents

  • Prepare and submit periodic reconciliation reports to Management within approved timelines

  • Ensure compliance with internal controls, financial policies, and approved procedures

  • Support internal audits, external audits, and regulatory reviews with complete reconciliation records



Key Performance Indicators (KPIs)




  • Timely completion of daily, weekly, and monthly reconciliations

  • Reduction in unresolved discrepancies and reconciliation backlogs

  • Accuracy level of reconciled transactions

  • Speed of discrepancy detection and resolution

  • Quality and clarity of reconciliation reports submitted to Management

  • Compliance with internal financial controls and audit requirements



Required Skills & Competencies




  • Strong numerical accuracy and attention to detail

  • High level of integrity and confidentiality

  • Ability to work with financial records, statements, and reports

  • Good communication and reporting skills

  • Strong problem-solving and investigative ability

  • Ability to work under pressure and meet strict deadlines

  • Basic knowledge of thrift, cooperative, microfinance, or financial operations is an advantage.



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