Reconciliation Officer

Excel and Grace Consulting

Lagos, Nigeria Permanent

Published 1 month ago · Expires 3 weeks from now

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Job description

A top employer is now accepting applications for this role. Role Summary - The Reconciliation Officer is responsible for ensuring the accuracy, completeness, and integrity of all financial transactions within the organization. - The role requires strong attention to detail, discipline, and the ability to promptly detect and resolve discrepancies across all savings, loan, and operational accounts. Key Responsibilities: - Reconcile all daily, weekly, and monthly transactions across cash, bank accounts, POS, transfers, field agents, and digital platforms - Match field agents’ collections with bank statements, system records, and savings registers - Verify savings deposits, loan repayments, charges, and other inflows before confirmation and posting - Identify, document, and immediately escalate discrepancies, shortages, excesses, or missing entries - Investigate reconciliation differences and provide clear, evidence-backed explanations - Work closely with Accounts, Operations, and Field Supervisors to resolve reconciliation issues promptly - Maintain accurate reconciliation schedules, registers, and supporting documents - Prepare and submit periodic reconciliation reports to Management within approved timelines - Ensure compliance with internal controls, financial policies, and approved procedures - Support internal audits, external audits, and regulatory reviews with complete reconciliation records Key Performance Indicators (KPIs) - Timely completion of daily, weekly, and monthly reconciliations - Reduction in unresolved discrepancies and reconciliation backlogs - Accuracy level of reconciled transactions - Speed of discrepancy detection and resolution - Quality and clarity of reconciliation reports submitted to Management - Compliance with internal financial controls and audit requirements Required Skills & Competencies - Strong numerical accuracy and attention to detail - High level of integrity and confidentiality - Ability to work with financial records, statements, and reports - Good communication and reporting skills - Strong problem-solving and investigative ability - Ability to work under pressure and meet strict deadlines - Basic knowledge of thrift, cooperative, microfinance, or financial operations is an advantage.

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