Officer, Financial Accounting and Reporting

Full Time

Standard Bank

Job Purpose

  • Reporting to the Manager, Financial Accounting & Reporting the Officer, Financial Accounting & Reporting is responsible for ensuring the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports . S/he preparies financial reports and maintains records of assets, liabilities, revenue and expenditure, payments and other financial activities and conducts regular checks of the internal controls.

Key Responsibilities/Accountabilities

  • Monitoring balance sheet and income statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously.
  • Preparation of monthly general ledger reconciliations to ensure that outstanding items are timeously cleared, resultant entries processed and the amounts reflected in the general ledger appropriately supported.
  • Be the custodian of the General Ledger, Chart of Accounts, and the central repository for all financial and management information for the Bank.
  • Monitor and ensure reconciliation of Intercompany balances and resolve all mismatches arising thereon.
  • Reconcile SAP and Finacle disbursement accounts and SAP general ledger accounts.
  • Daily review and clearance of suspense accounts
  • Resolution of daily Trial Balance differences
  • Act as a secretariat for reconciliation committee and enforce compliance with Balance sheet substantiation guide.
  • Preparation of reconciliations and ageing analysis for all suspense accounts including system generated accounts and all bank and other accounts requiring reconciliation. Ensure sign-off on each reconciliation.
  • Ensure controls  over reconciliation of  suspense accounts by  Finance interfacing units are in place.
  • Facilitating the opening of accounts in Finacle and SAP.

Preferred Qualification and Experience

  • Holder of a Bachelor Degree in Accounting or Finance with minimum of 2 years’ relevant work experience
  • Postgraduate degree in Accounting or Finance/ACCA  will be an added advantage.
  • Understanding of International Financial Reporting Standards.
  • Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
  • Working knowledge of SAP, Finacle is an added advantage.
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