Sr. Executive - Central Reconciliation

CSB Bank; Ernakulam; On-site; INR 350,000 - 520,000; Full time

Job summary

CSB Bank in Kerala seeks an experienced Reconciliation Specialist to independently manage reconciliation activities, investigate exceptions, and perform root cause analysis.

You will collaborate with stakeholders to strengthen controls, support audits, and ensure timely closure of aged breaks, with 3–7 years of experience and relevant certifications.

Qualifications

• Graduation in any discipline.
• MBA (Finance) or equivalent finance qualification.
• Banking Operations Certification.

Responsibilities

• Independently review and validate reconciliations for completeness, accuracy and SOP compliance.
• Verify reconciled balances, open items and exceptions against source systems and GL balances.
• Perform independent validation and sampling of transactions, balances and supporting documents.
• Review 100% of aged exceptions, payable debit balances, receivable credit balances, unidentified entries and AAR items.
• Escalate inappropriate investigations, ageing classifications and unsupported conclusions.
• Engage with Account Owners and Units to resolve material reconciliation breaks promptly.
• Monitor reconciliation quality, turnaround times, exception ageing and SL adherence.
• Review and approve reconciliation certifications and exception reporting prior to management submission.
• Escalate significant unresolved issues, control weaknesses and high-risk exceptions to governance forums.
• Support audits, regulatory reviews, risk assessments and management reporting.
• Identify opportunities for automation, standardization and enhancement of reconciliation controls and processes.
• Ensure segregation of duties and adherence to reconciliation policies and internal controls.

Education

Graduation

MBA (Finance)

Banking Operations Certification

Job description

Responsible for independently managing reconciliation activities, investigating exceptions, performing root cause analysis, ensuring closure of aged breaks and supporting governance reporting. Works closely with stakeholders to strengthen controls and improve process effectiveness.

Experience Range: 3 to 7 years

Qualifications:

• Graduation
• MBA (Finance)
• Banking Operations Certification

• Independently review and validate reconciliations prepared by Makers for completeness, accuracy and compliance with approved SOPs.
• Verify that reconciled balances, open items and exceptions accurately agree with source systems and GL balances.
• Perform independent validation and sample testing of transactions, balances and supporting documentation.
• Review 100% of aged exceptions, debit balances in payable accounts, credit balances in receivable accounts, unidentified entries and AAR items.
• Challenge inadequate investigations, incorrect ageing classifications and unsupported reconciliation conclusions.
• Engage with Account Owners and Action Owner Units to facilitate timely resolution of material reconciliation breaks.
• Monitor reconciliation quality, turnaround times, exception ageing and adherence to service levels.
• Review and approve reconciliation certifications and exception reporting before submission to management.
• Escalate significant unresolved issues, control weaknesses and high-risk exceptions to Unit Manager and Governance Forums.
• Support audits, regulatory reviews, risk assessments and management reporting activities.
• Identify opportunities for automation, standardization and enhancement of reconciliation controls and processes.
• Ensure adherence to segregation of duties, reconciliation policies and internal control standards.