Manager Reconciliations I&M Bank Uganda

I&M Bank Uganda is a commercial bank headquartered at Kingdom Kampala 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. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:

JOB TITLE: MANAGER RECONCILIATIONS
LOCATION: HEAD OFFICE
REPORTS TO: SENIOR MANAGER OPERATIONS

JOB PURPOSE
To build a robust and timely GL reconciliation process, ensuring accuracy and compliance to policy guidelines.

KEY 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.

Minimum Education Qualification:
• Bachelor’s degree in Finance, Business, Accounting, Statistics, Actuarial Science, Computer Science, or any other relevant field.

Work Experience:
• At least 6 years working experience in a commercially oriented organization mainly in the related field in operations function with ateast 3 years at supervisory level.

Required Competencies (Knowledge, Skills & Abilities)
• 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.

Note: Deadline for this job posting is 30 April 2024 at 5:00pm and only shortlisted candidates will be contacted