Scope of Role
• Daily reconciliation of all regional bank collection accounts and HO.
• Daily reconciliation of POS transactions across five regions collection account and HO.
• Monitoring of inter-regional and head office fund transfers.
• Investigation and resolution of discrepancies.
• Preparation of reconciliation reports and variance analysis.
• Daily reporting of all reconciles and unreconciled item to the Head Regional Accounts Manager
Key Responsibilities
Daily Bank Reconciliation (All Regions/HO):
• Download and review daily bank statements for all collection accounts.
• Match bank transactions against General Leager, collection accounts and ERP system postings
• Identify and classify reconciling items including, unmatched credits and debits, Bank charges and interest and direct debits and standing orders like daily sweep.
• Prepare and post approved journal entries for bank-related adjustments.
• Maintain updated reconciliation schedules for each region.
• Ensure reconciling items are cleared within agreed timelines.
• Escalate unposted customers payment to the RAM and Head Regional Account Manager.
• Escalate and reconcile double posting in the customer’s account.
• Daily follow-up on outstanding payments from customers.
POS Transaction Reconciliation (Five Regions/HO):
• Obtain daily POS sales reports from all regional collection accounts.
• Download settlement reports from banks and payment service providers.
• Reconcile POS collection accounts, settlement reports and Settlement report vs bank credits
• Identify and investigate Failed transactions, chargebacks, reversals, short or delayed settlements and merchant service charges.
• Maintain POS variance tracking reports per region.
• Liaise with banks and service providers to resolve discrepancies.
• Monitor transfers between regional accounts and head office accounts.
• Confirm transfer out entries match corresponding transfer in entries.
• Investigate timing differences or missing transfers.
• Investigate discrepancies immediately upon identification.
• Liaise with head regional account manager, banks, and service providers.
• Maintain a discrepancy resolution log.
• Escalate unresolved issues to the head regional account manager on daily basis.
Requirements
• Candidates should possess a Bachelor's Degree with 2 - 3 years of working experience.