Settlement & Reconciliation Executive

Job Overview

Airtel Malawi Plc is seeking a diligent Settlement & Reconciliation Executive to manage precise bank reconciliations, validate transactions, and maintain robust financial controls ensuring integrity in accounting records.

Main Responsibilities

• Conduct independent and timely reconciliation of multiple bank accounts to ensure financial accuracy.
• Investigate any unreconciled transactions or discrepancies and resolve outstanding issues.
• Engage directly with banking institutions for transaction clarifications, statement procurement, and resolving queries.
• Track cash and float movements, ensuring accurate documentation of all banking transactions.
• Review, verify, and accurately post accounting entries in alignment with company policies and applicable accounting standards.
• Ensure all financial records and supporting documents are complete and precise.
• Manage journal postings, accounting entries, and reconciliation validations effectively.
• Support closing processes at month-end and year-end for financial reporting.
• Assess payment requests along with their documentation for completeness and legitimacy.
• Authorize transactions following the established delegation of authority framework.
• Guarantee adherence to internal controls and financial governance protocols.
• Follow up with banks on transaction issues, payment investigations, account updates, and necessary documentation.
• Coordinate with IT to address ERP, banking interface, and related system issues affecting finance operations.
• Collaborate internally with various departments to gather supporting data and resolve accounting inquiries.

Required Qualifications and Experience

• A Bachelor's Degree in Accounting, Finance, Commerce, or a related discipline.
• Between 3 to 5 years' relevant experience in finance and accounting, emphasizing operations.
• Proven background in bank reconciliation and transaction assessments is imperative.
• Experience within a corporate finance environment is advantageous.

Technical Skills

• Deep understanding of accounting principles and sound financial control mechanisms.
• Demonstrable experience conducting independent bank reconciliations.
• Familiarity with transaction validation procedures and approval processes.
• Proficiency in Microsoft Excel for financial data analysis and reporting.