Bank Reconcillation Officer

Responsible for reconciling all banking transactions for the various accounts held by the company

JOB TITLE: BANK RECONCILIATION OFFICER  

Under the supervision of the Finance Manager (FM), the Bank Reconciliation Officer is responsible for the timely and accurate reconciliation of Scoops Unlimited (SUL) & Caribbean Cream Limited (CCL) bank accounts and ensuring that all transactions are entered into the General Ledger.  

KEY AREAS OF RESPONSIBILITY 

• Undertakes reconciliation of SUL &CCL main current and savings accounts, and credit card accounts in accordance with established policies and guidelines.
• Reconciliation of daily cash deposit from all retail stores and depots to the bank statement.
• Ensures that cashed cheques and drafts (both local and overseas), online payments, and transfers are checked against the bank statements.  
• Ensures that credit card transactions are checked against the statements.
• Informs the FM of discrepancies and errors found on bank statements and follows up with the bank until resolved/corrected.
• Ensures that bank statement transactions are timely posted to the company’s’ GL system, that is -
  • Identifies bank charges, debit and credit advice, stale dated cheques etc. and prepares journals that are to be approved by the FM.
  • Posts journal entries to the General Ledger.
• Reports any irregularities and/or variances identified during the preparation of the reconciliations to the FM.
• Submits completed Bank & Credit Card Reconciliation Statements.  
• Maintains files for cashed cheques, bank statements, bank reconciliation statements and journals.   
• Assists with the reconciliation of various balance sheet accounts and prepares required audit schedule.
•  Contributes to the SUL & CCL monthly financial reports and annual financial statements.  
• Provides support as required to the FM by performing any other assigned responsibilities that may be deemed necessary for the efficient operation of the department.

Qualifications/Experience 

• Associate degree in business administration and/or ACCA level 1.
• A minimum of 2 years’ experience in a similar function. 

Skills & Knowledge 

• Knowledge of general accounting principles and procedures.
• Sound knowledge of Bank Reconciliation Procedures /General Ledger Systems and        Procedure.
• Computer literate – have skills in QuickBooks, Microsoft Dynamics, Point of sales system, and Microsoft applications. 
• Sound internal control systems. 

• Good oral and written communication skills.
• Good organizational and interpersonal skills.
• Good teamwork and cooperation skills.
• Demonstrates a high level of integrity.