General Accountability

 

The Bank Reconciliation Accounting Associate is responsible for performing monthly bank reconciliation of the Corporation’s large and more complex bank accounts (more than 2,000 transactions monthly), ensuring that all bank transactions are consistent with amounts in the general ledger. He/she ensures the reconciliation is prepared in a timely manner, with no unreconciled items and all adjustments are adequately described and supported to allow for subsequent follow up and action.

 

Key Responsibilities

Prepare monthly bank reconciliations to ensure that all transactions are consistent in the general ledger and on the bank statements and vice-versa for accounts with average monthly transactions ranging from 2,000-28,000

 

• Complete daily/monthly reconciliation of cleared cheques and/or deposits (as applicable) and researching discrepancies.
• Analyze individual un-reconciled items and coordinate with the owners of the accounts for corrective action.
• Prepare the bank reconciliation working papers for review
• Monitor the timely clearing of outstanding items.
• File cleared cheques

 

Prepare labels and file bank reconciliation files in account and date order to facilitate ease of retrieval

 

Prepare Daily Corporation Balances Report to be submitted to the Treasury Department to facilitate management of cash flows

• Obtain balances from various banking institutions
• Extract balances from the general ledger for comparison
• Investigate and resolve significant variances

 

Complete general ledger adjustments under the responsibility of the Unit

 

• Prepare journal clearing entries with supporting documentation and submit to the
• Accountant for approval
• Post approved journal entries and return to the Accountant for review File journals

 

Prepare status report on all outstanding issues to the Accountant  

• Submit status report in writing to Accountant

 

Assist with the training new members of staff within the unit.        

• Provide guidance to Accounting Associates within the unit as required

 

The selected candidate must possess the following combination of qualifications, skills, training, and experience:

• Passes in five (5) GCE Ordinary Level/ CXC / CSEC Ordinary Level subjects including English Language and Mathematics at General Proficiency Grades 1, 2 or 3 with a maximum of 2 subjects at Grade 3 and two (2) GCE/CAPE Advanced Level subjects
• Minimum of two (2) years’ experience in a similar role preferably at a Financial institution
• Suitable combination of training and experience
• High confidentiality and integrity
• Passion for delivering excellent customer service
• Ability to work independently and in teams
• Strong interpersonal, communication and organizational skills
• Ability to analyze and interpret information and data received
• Excellent telephone and office etiquette
• Knowledge of Microsoft Office Suite of Products
• Ability to work in teams

 

 All Applications to be submitted by April 29, 2025