Monitoring and Reconciliation Department Head

RCBC; Philippines; On-site; PHP 446,000 - 725,000; Full time

Job summary

RCBC in the Philippines seeks an accounting professional to monitor and review reconciled GL accounts, ensuring accuracy and reliability of reports to Head Office units.

You will perform daily monitoring of GL balances, validate discrepancies and assist with adjusting entries, monitor exception memos, COB schedules, aging report status, and monthly remittance to insurance partners.

Qualifications

• Bachelor's degree in Accounting or equivalent.
• Knowledge on Bank's operations and accounting-related entries.
• Bank's internal policies/rules and regulations.
• Preferably with experience in bank operations or accounting-related.

Responsibilities

• Checking of daily monitoring and review of GL accounts for any abnormal balance, float items, and discrepancy between SL and GL.
• Validates the investigation and recommendations on adjusting entries.
• Monitor escalation, reconciliation and issuance of exception memo to concerned units.
• Checking of various schedules for Certification of Balances (COB) and reporting purposes.
• Validation of updated status and/or disposition of outstanding balances in the quarterly aging report; escalation of long outstanding items.
• Ensures monthly remittance to insurance partners both in Life & Non-Life Insurance and guaranties.

Skills

Bank operations knowledge

Accounting entries

Policy awareness

Education

Bachelor's degree in Accounting

Job description

Job Summary

• Responsible for the monitoring, review of reconciled
• GL accounts and to ensure accuracy and reliability
• of reports to concerned Head Office units.

How will you contribute?

• Checking of daily monitoring and review of GL accounts for any abnormal balance, float items, and discrepancy between SL and GL. Validates the investigation made by the Reconciliation Specialist that cause the discrepancy and their recommendation on the adjusting entries.
• Monitor the escalation, reconciliation and issuance of exception memo to concerned units
• Checking of various schedules for Certification of Balances (COB) and reporting purposes.
• Validation of the updated status and/or disposition of outstanding balances of Accounts included in the quarterly aging report. Escalation of long outstanding items.
• Ensures monthly remittance to insurance partners both in Life & Non-Life Insurance and guaranties.

What will make you successful?

• Bachelor's degree in Accounting or equivalent course.
• Knowledge on Bank's operations and accounting-related entries.
• Bank's internal policies/rules and regulations.
• Preferably with experience in bank operations or accounting-related.