Manager; Finance Reconciliation

Job Purpose

Manage reconciliation activities for general ledgers by ensuring comprehensive reviews of customer assets/liabilities and treasury are conducted to guarantee accuracy and compliance with internal policies and external regulations. Continuously improve reconciliation processes, minimize discrepancies, and maintain financial integrity through timely and precise reporting.

Main Responsibilities

• Oversee the reconciliation framework and control environment for product general ledger to ensure it remains robust, thereby upholding financial integrity and enabling precise financial reporting
• Conduct monthly reviews of product general ledgers, including review of customer assets/liabilities and treasury product accounts to ensure no variation on the Trial Balance ledger balances against customer listings (total of subledger balances)
• Conduct monthly reviews of non-accrued interest from loans and overdraft and track trends to identify anomalies resulting from various loan activities, including customer account upgrades and downgrades
• Perform monthly reconciliation of Expected Credit Loss (ECL) impairment provisions recorded in the general ledger against movements reported by the ECL module for both Balance Sheet and Profit or Loss accounts, ensuring complete alignment and zero discrepancies
• Perform analytical and trend reviews for deferred income from loans, ensuring that movements in the Profit and Loss account align accurately with the Balance Sheet and are correctly reported
• In collaboration with Credit MI, ICT and Business Relationship Manager, ensure all significant reconciliation matters are proactively raised and reported

Employment Details

• Position Type: Full-Time
• Location: Head Office, Dar es Salaam, Tanzania
• Industry: Banking
• Functional Areas: Management, Accounting & Finance, Business Operations