Reconciliations Officer, Corporate & Investment Banking
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About the role
Standard Bank is hiring a Reconciliations Officer, Corporate & Investment Banking, based in Johannesburg, Gauteng. We are seeking a detail-oriented and analytical Reconciliations Officer to join our Reconciliations CFID team in Johannesburg, South Africa. In this Contract position, you will play a crucial role in ensuring the accuracy and integrity of our financial records through meticulous reconciliation processes. The successful candidate will demonstrate exceptional organizational skills, a commitment to precision, and the ability to work efficiently within established timescales. Perform daily, weekly, and monthly bank reconciliations, identifying and resolving discrepancies promptly
Responsibilities
- Reconcile general ledger accounts to supporting documentation and external statements
- Analyze variances and investigate outstanding items to determine root causes
- Prepare detailed reconciliation reports and documentation for audit and management review
- Maintain accurate records of all reconciliation activities and maintain an organized filing system
- Liaise with internal departments and external parties to resolve outstanding reconciliation issues
- Monitor and track payment processing to ensure timely and accurate transaction recording
- Assist in the month-end and year-end close processes
- Support the implementation and maintenance of reconciliation procedures and controls
- Contribute to the continuous improvement of reconciliation processes and efficiency
Requirements
- Proven experience in reconciliation processes and financial account management
- Strong proficiency with Microsoft Excel and accounting software applications
- Solid understanding of general ledger principles and accounting practices
- Excellent numerical accuracy and attention to detail
- Demonstrated ability to analyze financial data and identify discrepancies
- Strong organizational and time management skills
- Excellent written and verbal communication skills
- Ability to work independently and as part of a team
- Desirable experience with ERP systems (such as SAP or Oracle)
- Desirable knowledge of audit procedures and financial controls
- Desirable background in financial services, banking, or accounting sectors
- Desirable advanced Excel skills, including pivot tables and data analysis functions