Job Opportunity at KCB Bank Tanzania Limited, Central Reconciliation Supervisor

Job Title: Central Reconciliation Supervisor

Location: TANZANIA
Organization Name: KCB Bank Tanzania - HQ
Department Description 
The role has a direct responsibility of ensuring that all the bank’s Agency and Suspense accounts are reconciled in line with existing guidelines on reconciliation.

Brief Description   

Ensure all suspense accounts under reconciliation unit are reconciled on daily basis

Ensure all outstanding items are shared to respective units for action and rectified within agreed time.

Ensure that all transactions in the bank’s suspense accounts are properly aged

Mitigate all risks that may arise from suspense and Nostro & Vostro accounts

Detailed Description  

Reconcile and follow up for action on outstanding items in suspense accounts

Ensure that all transactions in the bank’s suspense accounts are properly aged, and any items that are non-compliant are specifically raised with the concerned department/Branch.

Confirm that all transactions involving the In-Transit account are reversed on a daily basis.

Consolidate all suspense account returns ready for submission to Group Central Reconciliation Centre

Reconciliation of clearing accounts 

Ensure that the age profile for all suspense transactions is as per set guidelines 

Mitigate all risks that may arise from suspense and Nostro & Vostro accounts 

First contact for all reconciliation matters from the branches, Head office and Group.

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