Bank Reconciliation Clerk

Bank Reconciliation Clerk

Position Summary

Our client is seeking a detail-oriented and dependable Bank Reconciliation Clerk to ensure the timely and accurate reconciliation of all bank accounts. Reporting to the General Accountant, the successful candidate will reconcile daily banking activity with the General Ledger, investigate discrepancies, prepare corrective entries and maintain accurate financial records.

Key Responsibilities

• Prepare daily and monthly bank reconciliations.
• Reconcile transactions on the main bank accounts against the General Ledger, ensuring that all transactions are accurately recorded.
• Reconcile cash, LINX and credit-card deposits against the relevant bank accounts.
• Prepare daily reports identifying errors, omissions and outstanding reconciliation items.
• Investigate discrepancies and liaise with banks, cashiers and relevant internal departments to resolve outstanding matters promptly.
• Prepare corrective journal entries and other required adjustments.
• Record loan payments, bank deductions, fees and charges accurately and promptly.
• Prepare monthly reports on dishonoured and stale-dated cheques.
• Reconcile Bank Contra, Accounts Receivable Contra and Cash Clearing accounts monthly.
• Consolidate and verify deposit information.
• Maintain organized records of bank reconciliations, bank statements and supporting documentation.
• Assist colleagues in understanding and applying effective internal controls.

Qualifications and Experience

• ACCA Level 1 orA Level 1 an equivalent accounting qualification.
• A minimum of two years’ experience performing bank reconciliations.
• An equivalent combination of relevant education, training and experience may be considered.
• Experience completing both manual and computerized bank reconciliations.
• Working knowledge of integrated accounting software.
• Proficiency in Microsoft Office, particularly Microsoft Excel.

Key Competencies

• Strong numerical, analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Ability to identify discrepancies and resolve reconciliation issues.
• Effective written and verbal communication skills, including report preparation.
• Ability to prioritize assignments and meet strict deadlines.
• Strong organizational skills and the ability to work with minimal supervision.
• Ability to establish effective working relationships with colleagues, banks and other stakeholders.
• Team-oriented and service-focused approach.
• Initiative, urgency, accountability and a proactive mindset.
• Commitment to maintaining effective financial controls and producing high-quality work.