Summary:

Nostro Reconciliations officer is responsible for:

• Performing complete daily reconciliations of cash accounts in accordance with pre-defined deadlines.
• Investigating and allocating all opened items to relevant department in charge of its regularization
• Chasing and escalating of open items are done accurately and in timely manner.
• Posting of entries (charges, small differences, book to book…)
• Distributing and/or repairing swift messages to relevant department in timely manner.
• Ensuring the production of reporting.

Key Responsibilities:

• To reconcile Nostro entries posted to the banks various currency accounts, on a multi entity basis, ensuring that prioritization is given to high cost / risk currencies
• To perform preliminary investigations in order to accomplish manual matches wherever possible
• To issue Nostro breaks (outstanding statement and ledger debit and credits) to the relevant operational support teams and perform deep investigations if need be.
• To chase aged breaks regularly and in accordance with procedures
• To liaise competently and professionally with contacts, both internally and externally (if applicable) ensuring that strong relationships are forged and maintained in key areas
• To post entries within its perimeter
• To distribute and repair swift messages to relevant department and within agreed timeframe
• To produce reporting
• To continually evaluate the reconciliation process ensuring that optimum matching rates are attained and that any negative trends are identified and addressed
• To assist with specifying business requirements in order to enhance the reconciliation process
• To ensure that all processes are performed in accordance with documented procedures
• To actively contribute towards mitigating operational risk whilst performing daily responsibilities

Role Requirements:

• University Degree
• At least 3-5 years’ relevant experience in Back-Office Operations e.g. payments, Nostro account management, etc.
• Hands-on experience on reconciliation process will be an advantage (ledgers vs bank statements).
• Knowledge of accounting
• Autonomy / Pro-activity
• Excellent sense of urgency and prioritization
• English and French speaking, reading and writing is preferable
• Proficient in Microsoft Office

Application Method:

Please apply directly on JobsDB. A rewarding package will be offered to successful candidate.

Personal data provided by job applicants will be used strictly in accordance with the employer’s personal data policies, a copy of which will be provided immediately upon request.