Reconciliation Officer

Job Summary

• The Reconciliation Officer under the Monitoring and Reconciliation Department primary purpose is
• to ensure the accuracy and integrity of the consumer loans financial records by comparing and
• matching the consumer loans management system and the general ledger, including identifying
• discrepancies, errors and its corresponding corrections and/or adjustments, ultimately leading to a
• more reliable financial reporting and support informed decision making.
  
  

• 1. Daily monitoring and review of GL accounts for any abnormal balance, float items, and
• discrepancy between SL and GL, in compliance to all applicable regulations and accounting
• standards related to loan accounting.
• 2. Investigate and resolve any differences between loan system records, the general ledger, and
• other financial records.
• 3. Preparation of various schedules for Certification of Balances (COB) and reporting purposes
• 4. Updates the status and/or disposition of outstanding balances of Accounts included in the
• monthly and quarterly aging reports.
• 5. Coordinates with the concerned units, including escalation of unresolved long outstanding
• items.
• 6. Preparation of life insurance such as CLI or Credit Life Insurance and MRI or Mortgage
• Redemption Insurance and non-life insurance such as Fire Insurance and Motor
• Comprehensive Insurance for monthly remittance to third party agencies.
• 7. Monitors the Philippine Guarantee Corporation (PGC) enrolled consumer loan portfolio and
• its movement under, including timely remittances and compliance to the terms and conditions
• of the Memorandum of Agreement with PGC.
• 8. Contribute to general ledger and loan system projects, including conversions, testing, and
• enhancements.
  
  

• Bachelor’s Degree in any Business-related course. Accounting Graduate is preferrable.
• Knowledge of bank operations and accounting-related functions, including bank’s internal policies/rules and regulations.
• With 2 to 3 years’ relevant experience in loans accounting and reconciliation, including familiarity with loan accounting systems, general ledger systems, and other relevant software.
• Proficiency in MS Office applications, particularly spreadsheet analysis