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Job Title:  Manager Reconciliations

Organisation: I&M Bank Uganda

Duty Station:  Kampala, Uganda

Reports to: Senior Manager Operations

About US:

I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence.  The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.

Job Summary:  The Manager Reconciliations will build a robust and timely GL reconciliation process, ensuring accuracy and compliance to policy guidelines.

Key Duties and Responsibilities:

• Lead development of standardized and complete reconciliation reports across the Bank.
• Respond to all queries concerning reconciliations from all stakeholders in a timely
• Report any losses, near-misses, irregularities, and/or variances identified during the preparation of reconciliation
• Raise suspicious transactions like duplicates and multiple transactions with respective GL
• Spearhead the development of underlying processes, reports, and systems to facilitate ongoing improvement in efficiency and quality of reconciliation
• Review, advise, and sign off on all documentation related to the reconciliations project for example process flows, BRS, UAT and go-live documentation, risk assessment documentation, training attestations, among
• Perform Administrator and Approver roles in the blacklines system for each GL line onboarded therein, one at a time.
• Allocate and distribute the reconciliations unit snap check every month, support the snap checker as they perform this task by availing all the information and documentation they require, receive, and file the completed snap
• Calculate the volume and value of all Items at Risk on all the GL lines reconciled within the Unit for a given month and populate this data into the KRI
• Review all End of month reconciliation reports submitted by branches and departments, rating them based on timeliness of submission, completeness of documentation, quality of work, and items in exception / at
• Review each Balance Sheet GL line, categorizing each line as reconciled, unreconciled, GL not in use, Item in exception, or Item at Risk depending on the findings, putting explanatory comments where necessary.
• Follow up on all items at risk and items in exception that were identified through the reports to ensure resolution by the action owners and avoid repeat findings the following.

Qualifications, Skills and Experience:

• Bachelor’s degree in Finance, Business, Accounting, Statistics, Actuarial Science, Computer Science, or any other relevant field.
• Six years of working experience in a commercially oriented organization mainly in the related field in operations function with at least 3 years at supervisory level.
• Detail oriented and strong communication skills.
• Industry experience in financial services preferred.
• Leadership and Decision-making skills.
• Problem solving skills.
• Analytical skills and attention to detail.
• Strong commercial awareness and an ability to connect to business goals.
• Knowledge of Core banking systems.
• Business process review.
• Financial management.

NB: Only shortlisted candidates will be contacted

How to Apply:

All suitably qualified and interested applicants should apply online at the link below.

Click Here

Deadline: 30^th April 2024

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