• Application Deadline: Fri, 18 Nov 2022 00:00:00 GMT
• Position: Reconciliations Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Responsibilities

• Verify customer information against documentation provided and flag discrepancies based on understanding of the regulator and entity’s transaction processing requirements.


• Ensure that processes are in place to measure and monitor operational and financial effectiveness.


• Performs and evaluates general reconciliation of transactions


• Carry out Vendor reconciliation/ Supplier reconciliation and address discrepancies. Put in place adequate controls to minimize discrepancies


• Carry out reconciliation of customer accounts to the general ledger balances. Identify irregularities and ensure prompt resolution


• Coordinate reconciliation of all bank accounts, and identify and rectify all variances and exceptions


• Reconcile the payroll accounts to the company’s accounting systems


• Communicates and explains changes to policies, procedures and security measures to relevant operational personnel involved in the process


• Add value by utilizing broad-based regulatory, industry knowledge and awareness of current and past business trends in payments processing


• Interfaces seamlessly with internal and external customers, counterparties and clearing organizations


• Ensure settlement of trades, voluntary and mandatory corporate actions processing, as well as generation & control of wire payments


• Implement strategies to identify and develop new channels while improving existing payment channels


• Analyse trade life cycle of derivatives asset classes including Over the Counter and Exchange Traded Securities.


• Apply knowledge of legal and regulatory requirements, on international trade within the entity’s business area


• Identifies trade and transaction discrepancies that have not been cleared or are unauthorised for escalation


• Identifies the trade finance infrastructures or platforms, finance tools and instruments

Requirements

• Candidates should possess a Bachelor's Degree with relevant work experience.

Skills and Competencies:

• Understands various types of channels within relevant financial services industry and accompanying trends


• Knowledge of issues affecting international trade and possess up-to-date knowledge about changes in national and international trade legislation


• Ability to compare the pros and cons of buying and selling investment products through different channels.


• Understanding of the payment systems, key participants, and the settlement process.


• Able to assess client order details


• Aware of trade laws and regulations


• Possess knowledge of clearing and settlement operations and performance


• Personal Skill


• Numerate, thorough, and intelligent.


• Good analytical skill


• Pay attention to details.


• Communication skill. (Written/Oral)


• Ability to convey reconciliation results in clear, brief, and unambiguous terms.


• Ability to think outside the box and methodically


• Professionalism


• Possession of at least intermediate knowledge of share registration.


• Computer Literacy.


• Proficiency in the use of Microsoft Office applications.