Bank Reconciliator (Accounting Background) at Great Brands

About the Role

This position offers a great opportunity for career growth in accounting and financial operations. You will be responsible for ensuring the accuracy and integrity of all banking transactions across multiple regions and head office operations.

Scope of Role

• Daily reconciliation of all regional bank collection accounts and head office accounts
• Daily reconciliation of POS transactions across five regions' collection accounts and head office
• 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 reconciled and unreconciled items to the Head Regional Accounts Manager

Key Responsibilities

Daily Bank Reconciliation (All Regions/Head Office)

• Download and review daily bank statements for all collection accounts
• Match bank transactions against General Ledger, 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 such as 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 customer payments to the Regional Accounts Manager and Head Regional Accounts Manager
• Escalate and reconcile double postings in customer accounts
• Conduct daily follow-up on outstanding payments from customers

POS Transaction Reconciliation (Five Regions/Head Office)

• 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 reports versus 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 records