Bank Reconciliation
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The Bank Reconciliation Accountant is responsible for ensuring the accuracy and completeness of all bank transactions within the hypermarket. The role involves reconciling bank statements with accounting records, identifying discrepancies, monitoring cash deposits, and supporting financial reporting and internal controls to safeguard company assets. Key Responsibilities Bank Reconciliation Perform daily, weekly, and monthly bank reconciliations for all company bank accounts. Compare bank statements with the general ledger and cashbook records. Investigate and resolve discrepancies, outstanding items, and unreconciled transactions. Ensure all deposits, withdrawals, transfers, and bank charges are accurately recorded. Cash and Deposit Monitoring Verify daily sales deposits from stores and cash collection points. Monitor cash deposits and ensure timely banking of company funds. Reconcile POS, mobile money, and online payment transactions with bank records. Track outstanding deposits and follow up on any delays. Financial Reporting Prepare monthly bank reconciliation reports and submit them to management. Maintain accurate reconciliation schedules and supporting documentation. Assist in month-end and year-end closing activities. Provide reconciliation data for audits and financial reviews. Internal Control and Compliance Ensure compliance with company financial policies and procedures. Support internal and external auditors by providing required reconciliation records. Identify control weaknesses and recommend improvements. Maintain confidentiality of financial information. Coordination and Support Liaise with banks regarding transaction inquiries and discrepancies. Coordinate with cashiers, branch accountants, and finance staff to resolve issues. Assist the Finance Manager in cash flow monitoring and treasury activities. Support other accounting functions as assigned. Qualifications Bachelor's Degree in Accounting, Finance, or a related field. Professional certification (ACCA, CPA, or equivalent) is an advantage. Experience Minimum 2–4 years of experience in accounting, preferably in retail, supermarket, or hypermarket operations. Experience in bank reconciliation and cash management is required. Skills and Competencies Strong knowledge of accounting principles and bank reconciliation procedures. Proficiency in accounting software and ERP systems. Advanced Microsoft Excel skills. Strong analytical and problem-solving abilities. Excellent attention to detail and accuracy. Good communication and interpersonal skills. Ability to work under pressure and meet deadlines. High level of integrity and confidentiality. Key Performance Indicators (KPIs) Timeliness and accuracy of bank reconciliations. Number of unreconciled transactions outstanding. Accuracy of cash deposit verification. Compliance with financial policies and procedures. Audit findings related to bank reconciliations. Timely resolution of reconciliation discrepancies. Please Apply With this Email only emawashr@gmail.com