Manager, Reconciliations

We are seeking an experienced and detail-oriented Manager, Reconciliations to join our CIB Reconciliation Capability team in Johannesburg, South Africa. In this Contract position, you will oversee all reconciliation activities, ensuring accuracy, compliance, and efficiency across our financial operations. The successful candidate will lead a team of reconciliation specialists, drive process improvements, and maintain the highest standards of financial control and integrity.

• Manage and oversee all reconciliation processes, including bank, intercompany, and balance sheet reconciliations
• Lead, mentor, and appraise a team of reconciliation staff, providing guidance on best practices and professional development
• Analyse reconciliation discrepancies, investigate root causes, and implement corrective actions in a timely manner
• Ensure compliance with internal controls, audit requirements, and regulatory standards
• Develop and implement process improvements to enhance efficiency and reduce manual interventions
• Prepare and review reconciliation reports, identifying trends and areas for optimisation
• Liaise with other finance departments, banking partners, and external auditors to resolve outstanding items
• Monitor key performance indicators and reconciliation metrics to ensure targets are met
• Maintain comprehensive documentation and audit trails for all reconciliation activities
• Stay abreast of changes in accounting standards and reconciliation methodologies

Required Skills and Experience:

• 5 - 10 years Extensive experience in financial reconciliations, including bank, intercompany, and general ledger reconciliations
• Proven track record of managing and leading finance teams
• Strong analytical and problem-solving abilities with meticulous attention to detail
• Advanced proficiency in Microsoft Excel and accounting software systems
• Solid understanding of accounting principles, financial controls, and compliance requirements
• Excellent organisational and time-keeping skills with the ability to manage multiple priorities
• Strong people skills and the ability to communicate effectively at all levels
• Experience in process documentation and procedure development
• Matric, Diploma, Degree in Accounting/Finance, Chartered Accountant

Desirable Skills and Experience:

• Proficiency with enterprise resource planning (ERP) systems such as SAP
• Knowledge of banking reconciliation processes and procedures
• Experience in process improvement initiatives and lean methodologies
• Familiarity with audit requirements and audit preparation
• Advanced Excel capabilities, including pivot tables, VLOOKUP, and macro development
• Background in financial control environments or internal audit functions

Behavioural Competencies:

• Adopting Practical Approaches
• Articulating Information
• Challenging Ideas
• Directing People
• Embracing Change
• Establishing Rapport
• Examining Information
• Generating Ideas
• Interacting with People
• Resolving Conflict
• Team Working
• Valuing Individuals

Technical Competencies:

• Banking Process & Procedures
• Cash Reconciliation
• Data Analysis
• Reconciling Financial Records
• Risk Management
• Root Cause Analysis