Senior Manager, General Ledger Reconciliation and Monitoring

Senior Manager – GL Reconciliation and Monitoring

Company: Union Bank Of Colombo PLC

Key Responsibilities

• Maintain up to date GL reconciliation policy/procedure in line with regulatory requirements/industry best practices to mitigate risk with relevant approvals.
• Ensure all GL accounts are reconciled and are in compliance with the GL Reconciliation Policy and Procedures of the Bank.
• Ensure independent reconciliation of GL accounts under the responsibility of the Unit based on risk-prioritized critical GL accounts, particularly suspense accounts, transit accounts and zero-balance expectation accounts on daily basis and reconciliation of other GL accounts minimum of monthly basis.
• Ensure the identification and follow up on imbalances, inter-branch imbalances, unusual or abnormal balances and long outstanding balances to clear them on time.
• Ensure explanations and confirmations from relevant stakeholders are obtained, challenge unsupported explanations and notify relevant Business Units for corrective actions.
• Escalate unresolved balances beyond defined timelines, root causes, potential risks in accordance with the approved escalation framework.
• Monitor aging of outstanding MIS, prepare and present reports to the Management.
• Ensure proper documentation and audit trail are maintained.
• Identify recurring reconciliation issues and recommend corrective actions where necessary.
• Perform analytical reviews to identify unusual transactions and abnormal debit/credit balances.

Requirements/Qualifications

• Minimum 7 years of overall experience, including 5 years in a finance functions.
• Professional qualifications such as CA, ACCA, or equivalent.
• Strong knowledge of General Ledger (GL) reconciliations, financial controls, governance, and risk management.
• Proven ability to manage complex reconciliation exceptions, drive improvements, and support automation initiatives.
• Strong analytical, problem-solving, and stakeholder management skills with keen attention to detail.
• Excellent communication, leadership, and people management capabilities, with the confidence to engage effectively with Senior Management.
• Advanced proficiency in Microsoft Excel and a strong understanding of financial systems and data management.

Added Advantages

• Knowledge of banking products and operations.
• Experience in RPA, process automation, and business process re-engineering.
• Working knowledge of SQL, Power BI, and other data analytics tools.