Bank Recon Specialist

United Bearing Industrial Corporation; Quezon City; On-site; PHP 279,000 - 391,000; Full time

Job summary

United Bearing Industrial Corporation is seeking an Accounting Staff - Bank Reconciliation to ensure the accuracy of financial records by reconciling bank statements with internal accounting records. The role supports the finance department by identifying discrepancies, recording adjustments, and maintaining reconciliation documentation.

The position requires coordinating with the Finance department, monitoring daily deposits and bank withdrawals, and ensuring compliance with company policies.

Responsibilities

• Reconciles bank transactions and bank statements to the general ledger on a regular basis.
• Identifies and investigates discrepancies, including missing or incorrect transactions.
• Records journal entries for bank-related activities such as interest income and other items.
• Communicates with banks and internal departments to resolve reconciliation issues.
• Maintains detailed records of reconciliation activities with supporting documentation.
• Prepares and posts bank transactions to ensure accurate reflection in the general ledger.

Job description

The Accounting Staff - Bank Reconciliation is responsible for ensuring the accuracy of financial records by reconciling bank statements with internal accounting records. This role supports the finance department by identifying discrepancies, recording adjustments, and maintaining accurate and up-to-date reconciliation documentation.

Duties and Responsibilities:

A. BANK RECONCILIATION

• Reconciles bank transaction, bank statements to general ledger on a regular ledger on a regular basis.
• Identifies and investigates discrepancies, including missing or incorrect transactions.
• Knowledgeable in journalizing bank transactions other than deposits and withdrawals, i.e. interest income and others.
• Communicates with banks and internal departments to resolve reconciliation issues.
• Maintains detailed records of reconciliation activities, including supporting documentation.
• Prepares and submits bank transactions are accurately reflected in general ledger.
• Check, verify and ensure daily deposit of collection and monitor bank withdrawals.
• Ensures reconciliations adhere to company policies and procedures.
• Provides documentation and supporting during internal and external audits.
• Conducts inventory of checkbooks as necessary.
• Check and monitor daily bank deposit of collection and withdrawals. Ensure compliance with the company policies, otherwise, reports to HR anf non-compliance with the related policy.
• Coordinates with Finance department.

B. Other duties that maybe assigned from time to time

WORKING SCHEDULE: MONDAY TO SATURDAY, 8AM - 5PM

LOCATION: G. ARANETA AVENUE, QUEZON CITY