Assistant Manager - GL Reconciliation & Monitoring
Assistant Manager – GL Reconciliation and Monitoring
Company: Union Bank of Colombo PLC
Role Overview
To ensure the accuracy and completeness of financial records by performing daily, weekly and monthly GL reconciliations and resolving discrepancies in a timely manner.
Key Responsibilities
- The timely and accurate reconciliation of assigned General Ledger (GL) accounts in accordance with established policies and procedures.
- Ensure the adequacy of supporting documentation and audit trails.
- Monitor and perform the timely, resolution, and clearance of reconciliation differences, exceptions, and unmatched items.
- Escalate significant aged items, control breaches, and unresolved issues to the management, recommending appropriate corrective actions.
- Prepare/generate reconciliation status reports, aging analyses, and exception reports, ensuring timely follow-up and closure of outstanding items.
- Coordinate with branches, business units, Operations, IT, Risk, and Finance teams to resolve complex reconciliation issues.
- Ensure compliance with internal policies, accounting standards, regulatory requirements, and audit recommendations relating to GL reconciliations.
- Support the implementation and monitoring of key controls to strengthen the integrity and accuracy of the General Ledger.
- Identify process gaps, recommend control enhancements, and drive automation and continuous improvement initiatives within the reconciliation function.
- Assist in managing internal and external audit reviews, regulatory examinations, and management reporting requirements related to GL reconciliations.
- Update the development and periodic review of reconciliation policies, procedures, and governance frameworks.
Candidate Profile
- Part qualification in a professional body (CASL / ACCA etc.)
- Experience in the field of finance/ banking
- GL reconciliation and accounting expertise.
- Strong analytical skills and attention to detail
- Sound knowledge of banking products will be an added advantage
- Communication and interpersonal skills
- Process improvement and automation orientation.
- Proficiency in MS Excel