Sr Executive - Central Reconciliation Ernakulam

CSB Bank; Ernakulam; On-site; INR 500,000 - 800,000; Full time

Job summary

CSB Bank in India seeks an experienced Reconciliation Specialist to independently manage reconciliation activities, investigate exceptions and perform root cause analysis. You will ensure closure of aged breaks, support governance reporting and work closely with stakeholders to strengthen controls.

The role requires reviewing reconciliations, validating balances against source systems and GL, and contributing to automation and standardization of processes.

Qualifications

• Experience range 3 to 7 years.
• Graduation.
• MBA (Finance).
• Banking Operations Certification.

Responsibilities

• 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.

Education

Graduation

MBA (Finance)

Banking Operations Certification

Job description

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.

Responsibilities

• 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.

Qualifications

Experience Range: 3 to 7 years

Qualifications:

Graduation

MBA (Finance)

Banking Operations Certification

Requirements: