Executive, Bank Reconciliation

Job title: Executive, Bank Reconciliation

Company:


Job description: Job Title Executive, Bank Reconciliation Reports To Manager, Bank Reconciliation Role Purpose Responsible to monitor accuracy, timely performance of Bank, Cash Reconciliation for worldwide bank accounts inclusive of HQ, stations and subsidiaries Ensure adherence procedures, accounting treatments, report, controls and audit trails in compliance to Accounting standards for MAB and subsidiaries Key Accountability Operational: Ensure the reconciliations meet the targeted KPI where 90 percent of Value of Open Item Balance Aged less than 60days Track timely bank reconciliation and communicate with relevant business units/station and subsidiaries for input and updates of the clearance status Monitor and ensure there is no discrepancy between SAP and bank statement monthly closing balance Reconcile Cash Receivables for Stations – ticketing office, airport counters and Cargo office against tickets, EMD, EBT, Airwaybill etc interface with ARA/LMS Governance & Policies: Ensure compliance to Service standards / SLAs to ensure appropriate service levels are maintained Ensure compliance to accounting standards and internal controls Organization & People: Act as a pro-active team member to ensure cordial work environment Undertake additional responsibilities to support / replace other team member roles if required Possess good communication and interpersonal skill Qualification & Experience Degree in any related discipline preferable in Finance, Actuarial Science, Business etc with 0-3 years working experience in Accounting and/or Finance or in the related field Skills & Knowledge General Accounting and Reconciliation Knowledge on GL/Accounting System (SAP) Customer Oriented. Result and Quality Orientation Good command of English & Bahasa Malaysia, both written and spoken Key Challenges Ensuring Group&aposs compliance to MAG procurement policy, process and governance Time constraint and complexity of issues when investigating outstanding items of bank and cash reconciliation matching on Direct Debit/Double Pmt/Unidentified Payment, Late submission of BS/DCRS by stations, Bridge Gap beween ATOS and Banker on MT940 issues, etc Lack of control the cash collection handled by BUs and Station due to work base location Highlighting department on action to clear reconciliation may not be effective if no KPI imposed Bank Recon as the point of contact/reference with issues related to Cash/Bank account. This require determination, coordination with other BUs and Customers/Agents Show more Show less

Expected salary:

Location: Kuala Lumpur – Selangor

Job date: Wed, 19 Feb 2025 23:14:49 GMT

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