Job Title: Officer, VAF Reconciliations (Fresher Jobs)
Organisation: Stanbic Bank Uganda
Duty Station: Kampala, Uganda
About Organisation:
Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking and financial services group. The Standard Bank Group is the leading banking group focused on emerging markets. It is the largest African banking group ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda by assets and market capitalization. It offers a full range of banking services through two business units; Personal and Business Banking (PBB), and Corporate and Investment Banking (CIB).
Key Duties and Responsibilities:
- Engages stakeholders such as customers, Relationship Managers, Credit, Finance and Reconciliation with issues in respect to: Suspense accounts, Tax returns, Tax Invoices, and Insurance policies. Respond to customer queries and support the sales managers to track or originate deals in CAMs for personal clients.
- Reconcile VAT Output and Input accounts. Issues Customer monthly E-Invoices on URA Portal per customer and sends the E-invoices to clients/ RMs. Ensure VAT tax invoices from Finacle per client CIF are issued
- Be the key contact for both finance and Ops reconciliations teams with respect to VAF Reconciliations.
- Verifies entries posted to ascertain correctness while posting as well as validate files disbursed to confirm correctness of end to end process
- Monthly validation of interest rates for VAF deals against approved rates to ascertain variances
- Engage the Clients/ RMs/ Customer to provide Insurance policies. Follow up on expired Insurance polices
- Attend to VAF queries Attends to walk in clients.
- Initiate and drive to simplicity, processes and procedures by recommending best practices. Highlight irregular practices and take corrective action whenever possible.
Qualifications, Skills and Experience:
- First Degree Business Commerce or related.
- At least two years’ experience in reconciliation Suspense accounts. Basic understanding of processes and procedures.
- Exposure and understanding of general accounting principles and practices. Exposure to working within an operations and processing type environment.
- Additional Information
Technical Competencies:
- Knowledge Management
- Quality Control
- Quality Management System Support
- Stakeholder Management
- Cash Reconciliation
- Data Analysis
- Financial Accounting
- Information Management
Behavioural Competencies:
- Articulating Information
- Checking Things
- Documenting Facts
- Embracing Change
- Establishing Rapport
- Following Procedures
- Interacting with People
- Managing Tasks
- Meeting Timescales
- Team Working
- Upholding Standards
How to Apply:
All candidates who wish to join the one of Africa’s biggest Banking Groups, Standard Bank in the aforementioned capacity are encouraged to Apply Online by visiting Link below.
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Level of Education: Bachelor Degree
Work Hours: 8
Experience in Months: 24