What you will do

• Run the scheduler to automatically clear open line items where matching references exist.
• Perform manual matching of open line items wherever possible after ensuring adequate matching criteria exist and due confirmations are obtained
• Ensuring that all the open line items at the end of the day are reported to relevant internal stakeholders- Business Finance, Divisional Financial Controlling, FSSC-O2C, FSSC- I2P, Global Treasury Centre etc. for timely investigation and resolution.
• Ensuring that any open items that needs investigated at the banks end are reported to the banks for investigation and resolution
• Ensuring that any instances of cheque dishonours and amounts debited by bank but not accounted by us are promptly bought to the ntice of businesses/other concerned stakeholders.
• Ensuring that all month end submissions in relation to bank reconciliation statements are carried out
• Identifying, tracking, and reporting of KPIs to Senior Management.

General ledger

• Ensuring reconciliation of GL and highlighting the risk and process correction.

Accounting and Audit:

• Ensuring all bank charges are accounted in consultation with Treasury and FSSC-I2P.
• Supporting internal and external audit processes in relation to bank reconciliations

Continuous follow-up, escalation and resolution of open line items

• Ensuring that all the open line items in the Bank reconciliations are reviewed daily and followed up and escalated timely to ensure a timely resolution and clearance

Process and system improvement initiatives:

• Identifying opportunities for improving systems and processes for timely clearance, reporting and resolution of open line items in the Bank reconciliation process and in the upstream collection/ payment processes.
• Leading the implementation of the process improvement initiatives including those relating to Clearing automation levels.

Bayt