Settlement & Reconciliation Executive

Key Responsibilities

Bank Reconciliation

• Perform independent and timely bank reconciliations for multiple bank accounts.
• Investigate and resolve unreconciled items, discrepancies, and outstanding transactions.
• Coordinate directly with banking partners for resolving transaction issues, obtaining statements, and managing banking queries.
• Monitor cash/float movements and ensure accurate recording of bank transactions.

Accounting & Financial Controls

• Review, validate, and post accounting transactions in compliance with company policies and accounting standards.
• Ensure accuracy and completeness of financial records and supporting documentation.
• Verify accounting entries, journal postings, and reconciliations.
• Support month-end and year-end closing activities.

Transaction Validation & Approvals

• Review payment requests and supporting documents for completeness and accuracy.
• Validate transactions before processing and obtain necessary approvals as per the delegation of authority matrix.
• Ensure compliance with internal controls and financial governance requirements.

Stakeholder Management

• Follow up with banks regarding transaction queries, payment investigations, account maintenance, and banking documentation.
• Liaise with IT teams to resolve ERP, banking interface, and system-related issues impacting finance operations.
• Coordinate with internal departments to obtain supporting information and resolve accounting-related queries.

Qualifications & Experience

• Bachelor's Degree in Accounting, Finance, Commerce, or related field.
• 3 to 5 years of relevant experience in finance and accounting operations.
• Experience in bank reconciliations and transaction review is essential.
• Experience working in a corporate finance environment is preferred.

Technical Skills

• Strong knowledge of accounting principles and financial controls.
• Proven experience in independent bank reconciliation.
• Good understanding of transaction validation and approval processes.
• Strong proficiency in Microsoft Excel.