Monday, 19 August 2019

Job Opportunity at KCB Bank Tanzania Limited, Central Reconciliation Supervisor



Job Title: Central Reconciliation Supervisor

Location: TANZANIA
Organization Name: KCB Bank Tanzania - HQ
Department Description
The role has a direct responsibility of ensuring that all the bank’s Agency and Suspense accounts are reconciled in line with existing guidelines on reconciliation.

Brief Description   

  • Ensure all suspense accounts under reconciliation unit are reconciled on daily basis
  • Ensure all outstanding items are shared to respective units for action and rectified within agreed time.
  • Ensure that all transactions in the bank’s suspense accounts are properly aged
  • Mitigate all risks that may arise from suspense and Nostro & Vostro accounts


Detailed Description  

  • Reconcile and follow up for action on outstanding items in suspense accounts
  • Ensure that all transactions in the bank’s suspense accounts are properly aged, and any items that are non-compliant are specifically raised with the concerned department/Branch.
  • Confirm that all transactions involving the In-Transit account are reversed on a daily basis.
  • Consolidate all suspense account returns ready for submission to Group Central Reconciliation Centre
  • Reconciliation of clearing accounts 
  • Ensure that the age profile for all suspense transactions is as per set guidelines 
  • Mitigate all risks that may arise from suspense and Nostro & Vostro accounts 
  • First contact for all reconciliation matters from the branches, Head office and Group.


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