Run the scheduler to automatically clear open line items where matching references exist.
Perform manual matching of open line items wherever possible after ensuring adequate matching criteria exist and due confirmations are obtained
Ensuring that all the open line items at the end of the day are reported to relevant internal stakeholders- Business Finance, Divisional Financial Controlling, FSSC-O2C, FSSC- I2P, Global Treasury Centre etc. for timely investigation and resolution.
Ensuring that any open items that needs investigated at the banks? end are reported to the banks for investigation and resolution
Ensuring that any instances of cheque dishonours and amounts debited by bank but not accounted by us are promptly bought to the ntice of businesses/other concerned stakeholders.
Ensuring that all month end submissions in relation to bank reconciliation statements are carried out
Identifying, tracking, and reporting of KPIs to Senior Management.
General ledger
Ensuring reconciliation of GL and highlighting the risk and process correction
Accounting and Audit:
Ensuring all bank charges are accounted in consultation with Treasury and FSSC-I2P
Supporting internal and external audit processes in relation to bank reconciliations
Continuous follow-up, escalation and resolution of open line items
Ensuring that all the open line items in the Bank reconciliations are reviewed daily and followed up and escalated timely to ensure a timely resolution and clearance
Process and system improvement initiatives:
Identifying opportunities for improving systems and processes for timely clearance, reporting and resolution of open line items in the Bank reconciliation process and in the upstream collection/ payment processes.
Leading the implementation of the process improvement initiatives including those relating to Clearing automation levels.
