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Reconciliation officer

2.00 to 3.00 Years   Saudi Arabia   05 Nov, 2024
GlobeMed Saudi
500 Jobs Openings
Job LocationSaudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting - Financial Services
Functional AreaNot Mentioned

Job Description

The Reconciliation Officer plays a vital role in ensuring the accuracy and integrity of financial records within the accounting and financial services sector. This position is essential for maintaining the financial health of the organization by verifying transactions, identifying discrepancies, and ensuring compliance with financial regulations. The ideal candidate will have a keen eye for detail and a strong understanding of accounting principles, making them an integral part of the finance team.Responsibilities:

  1. Conduct regular reconciliations of bank statements, accounts, and financial transactions to ensure accuracy.
  2. Identify and resolve discrepancies in financial records promptly.
  3. Prepare detailed reports on reconciliation findings and present them to management.
  4. Collaborate with other departments to gather necessary documentation for reconciliation processes.
  5. Ensure compliance with internal controls and financial regulations.
  6. Assist in the preparation of financial statements and audits as needed.
  7. Maintain accurate records of all reconciliation activities and documentation.
  8. Provide training and support to junior staff on reconciliation processes.
  9. Monitor changes in financial regulations and recommend updates to internal policies.
  10. Participate in continuous improvement initiatives to enhance reconciliation processes.
Preferred Candidate:
  1. Strong analytical skills with a focus on detail.
  2. Proficient in accounting software and Microsoft Excel.
  3. Excellent communication and interpersonal skills.
  4. Ability to work independently and as part of a team.
  5. Strong organizational skills and the ability to manage multiple tasks.
  6. Experience in the financial services industry is a plus.
  7. Knowledge of financial regulations and compliance standards.
  8. Problem-solving mindset with a proactive approach.

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