Manager- Reconciliation

Manager- Reconciliation

People's Bank is looking for a talented & dynamic individual to fill the following post.

Duties and Responsibilities

Duties and responsibilities relevant to the post of Manager- Reconciliation include:

A. Bank-wide Reconciliation Governance

• Develop, implement and periodically review the Bank-wide Reconciliation Policy.
• Establish reconciliation standards applicable across all departments, branches and business units.
• Develop reconciliation procedures, manuals and standard operating procedures.
• Ensure consistency in reconciliation practices throughout the Bank.
• Develop reconciliation templates and reporting formats.
• Monitor compliance with reconciliation timelines.

B. General Ledger Maintenance Governance

• Oversee governance related to General Ledger maintenance including GL Account creation, GL modification, GL closure/deletion, Reference maintenance, etc.
• Creation, deletion and closure of Standard Procedures Manual for GL maintenance functions.
• Review and document all GL accounts.
• Recommend closure of obsolete GL accounts.
• Ensure proper documentation for all GL maintenance activities.

C. Monitoring Outstanding Reconciliation Items

• Monitor outstanding reconciliation items.
• Define outstanding criteria.
• Identify root causes.
• Coordinate with relevant departments to resolve long outstanding items.
• Escalate outstanding items to senior management.
• Maintain reconciliation reporting items.
• Monitor write-off proposals where applicable.

D. Regulatory Compliance

• Ensure compliance with Central Bank regulations, including Accounting Standards (SLFRS/LKAS/IFRS).
• Internal Audit and External Audit recommendations, Board Audit Committee directives, Internal Policies, circulars, procedures and manuals, Risk Management and Compliance Framework.

E. Management Information Reporting

• Prepare periodic reports relating to reconciliation status, outstanding items, high-risk accounts, aging analysis, exception reports, key reconciliation indicators, policy compliance, authority dashboards, quarterly Board Audit Committee reports and Executive Management reports.

F. Stakeholder Coordination

• Coordinate with all relevant Departments, Business units/Branch Network, Internal Audit, Risk Management and Compliance and facilitate regulatory examinations.

G. Automation & Continuous Improvement

• Promote reconciliation automation.
• Improve reconciliation systems.
• Participate in system development projects.
• Develop reconciliation dashboards.

H. Team Leadership

• Lead the Reconciliation Unit.
• Allocate reconciliation responsibilities.
• Provide technical guidance.
• Conduct reconciliation training programmes.

Eligibility Criteria

Educational and Professional Qualifications:

• Should be a citizen of Sri Lanka.
• Should possess a bachelor's degree in Banking, Finance, Accounting from a university or a degree awarding institute recognized by the University Grants Commission of Sri Lanka.
• AND
• Should be fully or partly qualified with a recognized accounting professional body, such as CA Sri Lanka, ACCA, or CIMA.

Experience:

• Should possess at least 10 years of experience in banking or finance with strong knowledge in banking operations, General Ledger management, reconciliation processes, and regulatory requirements.
• Demonstrated experience in developing banking policies, internal control frameworks, or governance is an added advantage.
• Excellent analytical, report-writing, and stakeholder management skills and knowledge on information systems.

How to Apply

Age: Preference will be given to applicants below 45 years as at the closing date of application.

Applicants are instructed to fill in the Application Form on the Career page of People's Bank website and submit the same through the People's Bank website (www.peoplesbank.lk) on or before 05/02/2026.

An Email confirmation of receipt will be sent upon the receipt of the application. In the event a confirmation has not been received within a reasonable period of time, you may require inquiring the application telephone numbers 011/2741202/011/2741203.