African Development Bank Group (AfDB) - the premier pan-African development institution, promoting economic growth and social progress across the continent.
POSITION : Accounts Assistant - Bank Reconciliations
The Hiring Department
- The Financial Control Department is responsible for all controllership functions of the African Development Bank Group and has the primary responsibility for analyzing, recording, and reporting the financial consequences of all decisions and transactions of the African Development Bank Group.
- The activities of the Financial Control Department include transactions processing and control, analyses and timely reporting to the Board, management, borrowers and other stakeholders and compliance monitoring activities.
- It also provides decision support, including assistance in the development of performance measurements and participates actively in the development, planning, and implementation of operational and financial strategies and related information systems.
- In addition, the Department is responsible for the formulation of all accounting policies, as well as the preparation of all policies relating to the administration of the Loans and grants of the Bank Group
- The Department is also responsible for managing the relationship with the external auditors of the Bank Group
The Position
Under the overall Supervision of the Division Manager and the day to day supervision of Functional Supervisor the Account Assistant will the following:
- The system of internal control around banks and General Ledger reconciliation is adequate, effective and functioning properly
- Financial reports of the banking activities of the Bank Group are timely and accurate
- Reconciliation and clearance of all suspense and receivable/payable accounts in the general ledger are carried out properly and in a timely manner.
Responsibilities
- Investigate and follow up on all outstanding items on bank reconciliation statements with responsible persons and Organization Units.
- Analytically identify old and irrecoverable amounts on bank reconciliation and advise how best to resolve them.
- Ensure accurate and timely reconciliation of banking transactions for all the bank accounts maintained by the Bank Group and Trust Funds.
- Provide monthly summary of bank reconciliations and control weaknesses for review by Management
- Verify the reliability and accuracy of bank balances in the general ledger and trial balance
- In liaison with Treasury department ensure that adequate internal controls are maintained in the opening and closing of new and old bank accounts.
- In liaison with other data entry personnel, improve the internal control environment related to Bank accounts and transactions.
Analysis and Reconciliation of General Ledger Accounts:
- Investigate and ensure reconciliation and clearance of bank related transit suspense / accounts
- Ensure reconciliation of all inter-institution accounts for the Bank Group and bilateral and/or multilateral funds.
- Liaise with other sections in Financial Control department for the clearance of items on inter-institutions accounts.
Preparation of Analytics and Reports:
- Prepare analytical reports showing trends on degradation of the bank account outstanding items
Other Duties:
- Carry out other duties as may be allocated by the Supervisor or Division Manager.
Selection Criteria
- Demonstrated competencies for accuracy, attention to detail, integrity and update knowledge of International Financial Reporting Standards. Team player and excellent interpersonal skills.
- Communication, innovation and creativity, problem-solving and client orientation competencies.
- Ability to work independently as well as part of a multicultural team.
- Very good computer skills including proficiency competence in the use of standard software applications (Word, Excel, Access and PowerPoint, SAP).
- Ability to communicate and write effectively in French or English, preferably with a working knowledge of the other language.
- Hold at least a Bachelor's Degree in Accounting, Finance, Audit, Business Administration, or Banking.
- Have a minimum of five (5) years of relevant experience.
- Private sector experience will be an added advantage.
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Sorry the application deadline for this job has elapsed
