Manager Reconciliations – I&M Bank Uganda

April 28, 2024 #I&M Bank Uganda Jobs 2024

Job Title: Manager Reconciliations
Company: I&M Bank Uganda
Location: Kampala
Type: Full-time
Reports To: Senior Manager Operations

Job Purpose:
To build a robust and timely GL reconciliation process, ensuring accuracy and compliance with policy guidelines.

Key Responsibilities:

Lead the development of standardized and complete reconciliation reports across the Bank.
Respond to all queries concerning reconciliations from all stakeholders in a timely manner.
Report any losses, near-misses, irregularities, and/or variances identified during the preparation of reconciliation.
Raise suspicious transactions like duplicates and multiple transactions with respective GL.
Spearhead the development of underlying processes, reports, and systems to facilitate ongoing improvement in efficiency and quality of reconciliation.
Review, advise, and sign off on all documentation related to the reconciliations project (e.g., process flows, BRS, UAT, go-live documentation, risk assessment documentation, training attestations).
Perform Administrator and Approver roles in the blacklines system for each GL line onboarded therein, one at a time.
Allocate and distribute the reconciliations unit snap check every month, support the snap checker as they perform this task by availing all the information and documentation they require, receive, and file the completed snap.
Calculate the volume and value of all Items at Risk on all the GL lines reconciled within the Unit for a given month and populate this data into the KRI.
Review all End of month reconciliation reports submitted by branches and departments, rating them based on timeliness of submission, completeness of documentation, quality of work, and items in exception / at risk.
Review each Balance Sheet GL line, categorizing each line as reconciled, unreconciled, GL not in use, Item in exception, or Item at Risk depending on the findings, putting explanatory comments where necessary.
Follow up on all items at risk and items in exception that were identified through the reports to ensure resolution by the action owners and avoid repeat findings the following month.

Minimum Education Qualification:

Bachelor’s degree in Finance, Business, Accounting, Statistics, Actuarial Science, Computer Science, or any other relevant field.

Work Experience:

At least 6 years working experience in a commercially oriented organization mainly in the related field in operations function with at least 3 years at a supervisory level.

Required Competencies (Knowledge, Skills & Abilities):