>>>CLICK HERE to Join JOBS IN NIGERIA & OVERSEAS Telegram Channel

Reconciliations Officer at Coronation Merchant Bank

0
Apply for Jobs in Port Harcourt & South South States
Apply for Jobs in Abuja & Middle Belt States
Apply for Jobs in Lagos & Western States

Coronation Merchant Bank is a Africa’s premier investment bank, providing innovative solutions to the needs of corporations, governments and other financial services organisations.

We are recruiting to fill the position below:

Job Title: Reconciliations Officer
Location: Lagos
Employment Type: Full-time

Responsibilities

  • Verify customer information against documentation provided and flag discrepancies based on understanding of the regulator and entity’s transaction processing requirements.
  • Ensure that processes are in place to measure and monitor operational and financial effectiveness.
  • Performs and evaluates general reconciliation of transactions
  • Carry out Vendor reconciliation/ Supplier reconciliation and address discrepancies. Put in place adequate controls to minimize discrepancies
  • Carry out reconciliation of customer accounts to the general ledger balances. Identify irregularities and ensure prompt resolution
  • Coordinate reconciliation of all bank accounts, and identify and rectify all variances and exceptions
  • Reconcile the payroll accounts to the company’s accounting systems
  • Communicates and explains changes to policies, procedures and security measures to relevant operational personnel involved in the process
  • Add value by utilizing broad-based regulatory, industry knowledge and awareness of current and past business trends in payments processing
  • Interfaces seamlessly with internal and external customers, counterparties and clearing organizations
  • Ensure settlement of trades, voluntary and mandatory corporate actions processing, as well as generation & control of wire payments
  • Implement strategies to identify and develop new channels while improving existing payment channels
  • Analyse trade life cycle of derivatives asset classes including Over the Counter and Exchange Traded Securities.
  • Apply knowledge of legal and regulatory requirements, on international trade within the entity’s business area
  • Identifies trade and transaction discrepancies that have not been cleared or are unauthorised for escalation
  • Identifies the trade finance infrastructures or platforms, finance tools and instruments

Requirements

  • Candidates should possess a Bachelor’s Degree with relevant work experience.

Skills and Competencies:

  • Understands various types of channels within relevant financial services industry and accompanying trends
  • Knowledge of issues affecting international trade and possess up-to-date knowledge about changes in national and international trade legislation
  • Ability to compare the pros and cons of buying and selling investment products through different channels.
  • Understanding of the payment systems, key participants, and the settlement process.
  • Able to assess client order details
  • Aware of trade laws and regulations
  • Possess knowledge of clearing and settlement operations and performance
  • Personal Skill
  • Numerate, thorough, and intelligent.
  • Good analytical skill
  • Pay attention to details.
  • Communication skill. (Written/Oral)
  • Ability to convey reconciliation results in clear, brief, and unambiguous terms.
  • Ability to think outside the box and methodically
  • Professionalism
  • Possession of at least intermediate knowledge of share registration.
  • Computer Literacy.
  • Proficiency in the use of Microsoft Office applications.

Application Closing Date
18th November, 2022.

CLICK HERE TO APPLY FOR TOP JOBS OF THE WEEK

Method of Application
Interested and qualified candidates should forward their CV to: careers@coronationmb.com using the Job Title as the subject of the email.

LEAVE A REPLY

Please enter your comment!
Please enter your name here