Job Title: Manager Reconciliations

Location: Head Office

Reports To: Senior Manager Operations

Deadline: April 30, 2024, 5:00 PM

I&M Bank Uganda, headquartered at Kingdom Kampala, is a leading commercial bank with a growing regional presence. We are dedicated to delivering innovative financial solutions tailored to our customers’ needs. Currently, we are looking for a skilled and motivated individual to join us as a Manager Reconciliations.

Job Purpose: As the Manager Reconciliations, your primary responsibility will be to establish a robust and timely GL reconciliation process, ensuring accuracy and compliance with policy guidelines.

Key Responsibilities:

1. Lead the development of standardized and comprehensive reconciliation reports across the bank.
2. Address queries related to reconciliations from stakeholders promptly and efficiently.
3. Report any identified losses, near-misses, irregularities, or variances during the reconciliation process.
4. Identify and report suspicious transactions such as duplicates and multiple transactions to the respective GL.
5. Drive the development of underlying processes, reports, and systems to enhance the efficiency and quality of reconciliation continuously.
6. Review and approve all documentation pertaining to the reconciliation project, including process flows, risk assessments, and training attestations.
7. Perform Administrator and Approver roles in the blacklines system for each GL line onboarded.
8. Allocate and distribute the reconciliations unit snap check monthly, providing necessary support to the snap checker and filing completed snap checks.
9. Calculate the volume and value of Items at Risk on all reconciled GL lines and populate this data into the Key Risk Indicator (KRI).
10. Review end-of-month reconciliation reports submitted by branches and departments, rating them based on timeliness, completeness, and quality of work.
11. Review each Balance Sheet GL line, categorizing them based on reconciliation status and providing explanatory comments where necessary.
12. Follow up on items at risk and in exception to ensure resolution by action owners and prevent repeat findings.

Minimum Education Qualification:

• Bachelor’s degree in Finance, Business, Accounting, Statistics, Actuarial Science, Computer Science, or any other relevant field.

Work Experience:

• At least 6 years of experience in a commercially oriented organization, with at least 3 years at a supervisory level.

Required Competencies (Knowledge, Skills & Abilities):

• Detail-oriented with strong communication skills.
• Previous experience in the financial services industry preferred.
• Demonstrated leadership and decision-making abilities.
• Strong problem-solving and analytical skills.
• Commercial awareness and ability to align with business goals.
• Familiarity with Core banking systems and business process review.
• Proficiency in financial management.

Note: Only shortlisted candidates will be contacted. The deadline for applications is April 30, 2024, at 5:00 PM.

Apply Here: I&M Bank Uganda Careers