General Accounting Associate

Bank Reconciliation

• Prepare daily, weekly and monthly bank reconciliation reports, summarizing any differences, and ensuring that all discrepancies are explained and resolved
• Identify discrepancies between the companys records and bank statements, investigate the cause of differences, and resolve issues promptly
  
  

• Ensure that all payments and receipts are properly reflected in the accounting system and are in line with bank records
• Track disbursements reflected in bank statement as well as outstanding checks and ensure they are appropriately accounted for
  
  

• Collaborate with internal departments (e.g., Disbursement Team, Treasury Department) to resolve discrepancies related to missing payments, deposits, or bank fees
• Work closely with the finance team to ensure that any adjustments or issues found during reconciliation are promptly addressed and recorded
  
  

• Investigate any discrepancies or errors identified in the bank reconciliation process, such as missing transactions, incorrect amounts, or timing issues
  
  

• Document and maintain reconciliation records for audit purposes, ensuring compliance with accounting policies and regulatory standards
  
  

• Support the month-end and year-end closing processes by ensuring all bank transactions are reconciled and posted on time
• Assist in preparing financial statements by providing accurate reconciled bank account balances for inclusion in reports
  
  

• Opportunities for promotion
• Paid training
• Promotion to permanent employee
  
  

• 8 hour shift
  
  

• 13th month salary
• Overtime pay
• Bachelor's degree in accountancy, Management Accounting. or any other accounting or finance related course
• Basic understanding of accounting principles for cash transactions
• Strong critical and analytical skills to investigate and resolve discrepancies between bank statements and company records
• Proficient in Microsoft Office such as Excel e.g., for managing data, using formulas, pivot tables, and VLOOKUP for reconciliation tasks
• Strong attention to detail to ensure accuracy when reconciling bank transactions, verifying balances, and identifying discrepancies
• Ability to clearly explain reconciliation issues and work collaboratively with other departments to resolve problems
• Familiarity with banking terminology and processes (e.g., deposits, withdrawals, interest, bank charges, and transfers)
• Ability to track and reconcile various types of banking transactions, ensuring all are recorded accurately in the companys accounts