Manager reconciliation.

Job Description

. POSITION DESCRIPTION JOB TITLE Senior Manager[1]Reconciliation Unit GRADE AVP-I DEPARTMENT Finance Accounts LOCATION HO SUB[1]DEPARTMENT TYPE OF POSITION Full-time REPORTS TO National Manager[1]Accounts REPORTING INTO Manager-Accounts II. ROLE PURPOSE & OBJECTIVE Responsible for timely reconciliation and reviewing of overall Internal Office accounts. Responsible for submission of GL reconciliation statement of overall Internal office accounts. Responsible for timely closure of Internal and External audit observations on office accounts Responsible for ensuing closure of inactive office accounts in coordination with respective GL owners. Responsible for implementation of regulatory changes relating to Internal Office accounts Responsible for review of manual entries in system-based GL with approvals, recording reasons for the approvals and the risk mitigants. Responsible for review of audit logs for passing manual entries which have been approved by CISO/Risk for re-laxing system only validation and nature and number of transactions posted to be presented in management committee quarterly Responsible for identification of P&L account GLs with receipts’ for ‘debit freeze’ needed to be undertaken to prevent revenue leakage and possible mis-utilization of these accounts Responsible for identification of suspected violation, including regulatory breach or internal fraud etc. in internal office accounts Responsible for interaction with other functions on GL related queries, process enhancement and data submission including handling of various audits and on time fulfillment of audit requirements. III. SIZE OF THE ROLE FINANCIAL SIZE NON-FINANCIAL SIZE NA • NA IV. KEY DUTIES & RESPONSIBILITIES OF THE ROLE Business/ Financials Review the GL architecture and framework defined within the Finance ERP including Core Banking systems (i.e., Br.Net and Finacle), IRAC system (Crismac) and Oracle Managing GL creation process, blocking and unblocking process as per approval matrix Review the list of internal accounts opened, nature of such accounts and comprehensiveness of the attributes defined Responsible for defining GL ownership of the accounts and monitoring responsibility Identification of inactive internal accounts and deactivation of any inoperative accounts and review the nature of transactions in the accounts vis--vis the defined GL attributes Testing of transactions in Office Accounts to verify correctness of the transactions basis nature of transactions Responsible for carrying out GL user access review at frequent intervals Review of GL code mapping with scheme code in Core Banking Systems Review the flow of accounting entries from transactions processing systems to the Finance ERP including Core Banking systems (i.e., Br.Net and Finacle), IRAC system (Crismac) and Oracle Review the nature of manual accounting entries, if any and controls around the same Responsible for daily or month end reconciliation conducted between the GL balances in transaction processing systems and balances in Finance ERP {including Core Banking systems (i.e., Br.Net and Finacle), IRAC system (Crismac) and Oracle} GLs Monitors productivity of the team and ensures daily benchmark. Publishes various MISs and reports relating to Internal Office accounts. Ensures GL reconciliation and review according to TAT defined in SOP. Reviews schedules submitted by respective GL owners and ensures accuracy Notifies GL owners on ageing outstanding balances in office and control accounts Attends email queries received related to Internal Office Accounts and provides resolution Coordinates with other units and ensures timely closure of audit observations on internal Office accounts. Monthly update to CFO and NAM Accounts and presentation of a quarterly update Customer (Both Internal & External) Resolution of complaint - 100% within TAT Stakeholder’s feedback (Compliance, Ops risk, GL owners) - Satisfactory feedback External customer satisfaction - Resolution of disputes regarding office accounts, 100% adherence to SOPs. Internal Process GL reconciliation and Review Sample verification of entries in system Root cause analysis on reconciliation gaps and process streamlining Audit, Compliance and Ops Risk Rating No adverse comments on processes managed. No adverse comments from external Audits. No open items > 30 days. Process revisit and updation of internal SOPs. Review of exception reports and initiate actionable as per Bank’s polices and procedures