Accounting Officer - Bank Finance

The incumbent should provide accurate and timely preparation of assigned weekly Bank of Jamaica Reports. Ensure assigned BOJ Reports variances are researched and comments updated.

MAIN DUTIES & RESPONSIBILITIES:

The incumbent is responsible for:

 Administrative

1. Prepare and respond to queries from BOJ regarding to assigned reports
2. Assist in responding  to queries from the Management/Staff, Auditors and other Regulators
3. Sought & Respond to queries from other Departments regarding clearing of Bank and other Reconciliation.
4. Review Reconciliation from proof and those for Managers cheque

Financial Statements, BOJ Reporting; Analysis, Budget and Reporting

1. Prepare assigned BOJ reports
2. Prepare, research and update queries related to the BOJ weekly and any other monthly reports
3. Assist in preparing monthly schedules to facilitate CCSL Financials
4. Prepare assigned expense and payables schedules
5. Prepare the CCSL’s Loan Loss Provision schedule
6. Assist in preparing annual Budget for CCSL
7. Prepare assigned bank reconciliations
8. Review reconciliations from Proof and for Managers cheque
9. Assist with Approving Journal entries/Invoices payment in T24 based on assignment
10. Assist in the preparation of customers deposit and loan audit confirmation
11. Prepare assigned reconciliation payables and receivables
12. Assist in the preparation of monthly  schedules to facilitate ALCO Report preparation
13. Produces the CCSL Notes and update to the Financial Statements for Board Report
14. Assist in the external and internal audit process for JMMB Bank and  Capital & Credit Securities Ltd

BOARD & BANK FINANCIAL REPORT

1. Update and format template of the Bank performance schedules for the monthly Board Report process
2. Assist in preparing schedule for the CEO Highlights.
3. Assist in updating and formatting the Monthly financial statements for the Board Report
4. Upload and format monthly Financial statement in publisher format and assist with the analysis of prior and current changes
5. Assist with the Budget preparation schedules for the Bank
6. Preparation of  DBJ Quarterly Report along with the relevant schedules to support same
7. Check Back BOJ Report (FIM2&3) used to populate and monitor the Liquidity Reserve requirement prepared and circulated daily
8. Provide relief to Accountant, Accounting Officer et al.

PAYROLL

1. Assist in preparing the summary report to reconcile with the overall payroll for the various branches and company
2. Assist in the  relevant department received the payroll instructions related to funds to be credited to staff accounts eg loan payments
3. Prepare the journals for booking the related payments and apportion the monthly expenses to the relevant accounts.
4. Assist with posting related entries to  T24
5. Code various General Ledger entries related to vacation accruals for the Bank and Money Transfer
6. Maintain files for Payroll items for ease of reference by Auditors and other internal personnel
7. Monitors variances for the expenses vs the budgeted figure and giving explanation for the variances.

FILING OF RETURNS

• Assists in keeping the Company tax compliant through the preparation of statutory deductions related to JMMB Bank  and JMMB MT
• Prepare weekly withholding tax report and verify/reconcile accounts for monthly filing
• Assist in the Prepare updated statutory schedules and payments on a monthly basis and upload to TAJ website.
• Assist in the preparation and file annual payroll statutory returns for JMMB Bank and Money Transfer
• Prepare monthly GCT return schedule for filing

REGULATORY & OTHER REPORTS

• Liaise with IT to get daily extract for all liabilities product
• Preparation of weekly and monthly BOJ cash reserve schedules for prescribed liabilities for all currencies
• Ensure all deposit items in settlement account are captured appropriately
• Prepare  all relevant schedules within the stipulated timeframe
• Prepare summary report and notify Treasury of payments or refund related to cash reserve requirement
• Prepare Journal Entries for payment or receipt and ensure these are done before the stipulated deadline
• Prepare, disseminate cash reserve letters and instructions for BOJ.
• Prepare Reconciliation and maintain cash reserve files
• Prepare weekly BOJ  W01 to W05 reports to be uploaded to BOJ JAMFIRMS portal
• Provide weekly report to BOJ on changes in liabilities and Loans
• Any other project & duties assign from time to time.
• Promotes the JMMB’s philosophy of the Vision of Love and its unique culture.
• Any other project & duties assign from time to time.

EDUCATION, TRAINING & WORK EXPERIENCE REQUIRED:

• B.Sc. in Accounting with  2 Years working experience, or Pursuing Level 1 – ACCA with 1 year  working experience or a Minimum of two (2) years post-graduation work experience in Accounting preferably in a financial institution. Prior supervisory experience would be an asset
• Must be computer literate
• Sound knowledge of International Financial Reporting Standards
• In-depth knowledge of the financial sector laws, regulations, ethics and professional jargon (e.g. Banking procedures, Securities, Regulations, Money Laundering, Taxes),  as well as of regulatory reporting requirements  (e.g. Bank of Jamaica).
• Highly proficient in the use of computers, particularly word-processing, spreadsheets and Accounting software.  Working knowledge of T24 would be an asset.
• Very good oral and written skills.
• To liaise directly with persons with good communication skills.