12 Sep 2019

Reconciliation Supervisor at KCB Bank Tanzania Limited

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Location: TANZANIA 
Organization Name: KCB Bank Tanzania – HQ

Department Description
The role has a direct responsibility of ensuring that all the bank’s Agency and Suspense accounts are reconciled in line with existing guidelines on reconciliation.

Brief Description

  1. Ensure all suspense accounts under reconciliation unit are reconciled on daily basis
  2. Ensure all outstanding items are shared to respective units for action and rectified within agreed time.
  3. Ensure that all transactions in the bank’s suspense accounts are properly aged
  4. Mitigate all risks that may arise from suspense and Nostro & Vostro accounts

Detailed Description
a. Reconcile and follow up for action on outstanding items in suspense accounts
b. Ensure that all transactions in the bank’s suspense accounts are properly aged, and any items that are non-compliant are specifically raised with the concerned department/Branch.
c. Confirm that all transactions involving the In-Transit account are reversed on a daily basis.
d. Consolidate all suspense account returns ready for submission to Group Central Reconciliation Centre
e. Reconciliation of clearing accounts
f. Ensure that the age profile for all suspense transactions is as per set guidelines
g. Mitigate all risks that may arise from suspense and Nostro & Vostro accounts
h. First contact for all reconciliation matters from the branches, Head office and Group.

Education
Bachelors Degree
Total years of Experience required
2 YEARS

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