Reconciliation Officer

Job Summary

The Reconciliation Officer will play a key role in overseeing the accuracy and timeliness of cash reconciliations within the North American Client Service Platform (NA CSP). The Officer will manage more complex reconciliation tasks, and assist the Senior Officer and Manager in optimizing reconciliation processes. This role is pivotal in ensuring the smooth transition of reconciliation activities to the India-based team and supporting ongoing process improvements.

Responsibilities

• Perform daily cash reconciliations for assigned accounts, ensuring all discrepancies are identified and resolved in a timely manner.
• Assist in maintaining accurate financial records by reviewing and updating reconciliation reports.
• Support the Reconciliation team with data entry, processing transactions, and monitoring reconciliation exceptions.
• Collaborate with team members to ensure adherence to established KPIs and SLAs for reconciliation processes.
• Escalate unresolved issues to the Senior Officer or Manager for further investigation.
• Contribute to the documentation of processes and procedures to ensure consistency and compliance.
• Participate in training sessions to build knowledge of reconciliation procedures and best practices.

Profile

• Bachelor's degree in Finance, Accounting, Business Administration, or related fields.
• 1-5 years of experience in financial operations, accounting, or reconciliation.
• Sound knowledge of Syndicated Loans Structured Credit products.
• Working knowledge of different Loan platforms like WSO, Sentry would be an added advantage.
• Basic understanding of reconciliation processes and financial principles.
• Strong attention to detail and organizational skills.
• Ability to work in a deadline-driven environment with a focus on accuracy.
• Proficiency in Microsoft Excel and other financial software tools is a plus.
• Strong communication and teamwork skills.