Reconciliations Administrator

A Reconciliations Administrator is typically responsible for ensuring that financial transactions align correctly with accounting records. This role is commonly found in the finance, banking, or accounting sectors. Below are the key responsibilities and skills associated with this position:

Key Responsibilities and Experience

Experience Details:

• Min 1-2 yrs Basic knowledge of financial instruments, and relevant experience within the CIS (Collective investment schemes) industry. Relevant reconciliations knowledge and experience, with a understanding of systems, processes and procedures to perform reconciliations.
• Min 1-2 yrs Knowledge and practical experience with relevant MS Office programmes and systems (Fund accounting and reconciliation systems).
• Min 1-2 yrs Previous experience in building relationships and engaging with clients to gather required information, documentation and resolve queries.
  

Reconciliation Process:

1. Compare and reconcile financial transactions across various systems (e.g., bank statements vs. internal records).
2. Identify discrepancies and investigate the root causes.

Error Resolution:

1. Work with relevant teams to correct discrepancies or errors in financial data.
2. Ensure that outstanding items are cleared promptly.

Reporting:

1. Prepare reconciliation reports and provide insights to management.
2. Assist in month-end and year-end financial processes.

Compliance:

1. Ensure compliance with regulatory requirements and internal policies.
2. Maintain proper documentation for audits and reviews.

System Updates:

1. Work with accounting and financial systems to implement updates or changes that improve reconciliation processes.

Collaboration:

1. Communicate effectively with other departments (e.g., finance, operations, and IT) to ensure smooth workflows.

Qualifications

• Diploma in finance, accounting, or a related field.
• Experience in reconciliations, accounting, or financial analysis.
• Familiarity with regulatory requirements and industry standards.

Required Skills:

Clear Records:

• Clear ITC Record: No adverse listings on credit checks.
• Criminal Record Clearance: No prior criminal convictions or pending cases.

Other Requirements:

• Knowledge of regulatory requirements and financial best practices.
• High attention to detail and accuracy.

Technical Skills:

1. Proficiency in accounting software and reconciliation tools.
2. Strong MS Excel skills (e.g., pivot tables, formulas, and data analysis).

Attention to Detail:

1. Ability to identify and resolve even minor discrepancies in financial records.

Analytical Thinking:

1. Capability to analyze and interpret financial data.

Problem-Solving Skills:

1. Proactive approach to resolving reconciliation issues.

Time Management:

1. Ability to manage multiple tasks and meet deadlines.

Communication Skills:

1. Clear and effective communication with stakeholders at all levels.

Package & Remuneration

• Contract : Feb 1, 2025- Jul 31,2025 – 6 months contract
• Salary: R151 p/h
• Location: Rosebank – Gauteng (JHB)

Only applicants that meet the minimum requirements will be considered !

      Interested?

If interested, please apply directly through email us directly at Zanele.Hlophe@adcorpgroup.com

N.B If emailing us directly, remember to insert ” Reconciliations Administrator ” in the email subject line, for consideration, and state which area you are applying for.