Reconciliation Specialist - ICD

Role:
Reconciliation Specialist - ICD

Location:

Abu Dhabi

Perform the periodic reconciliation of Central Bank and Nostro Reconciliation and daily monitoring of Exception reports. Performing the End-of-Month Review of GL Accounts Reconciliation & Proofing performed by respective proof owners. Identify the outstanding entries, report & elevate pending entries to the branches and processing units/respective Departments for investigations & corrections and track them until closure.

To carry out daily transaction monitoring of ADIB staff accounts “credit transactions” as a detective control activity by identifying staff unusual transactions for the appropriate investigation & reporting.

Also, preparing MIS Dashboard related to Nostro and Balance un-reconciled accounts to ICD Reconciliation Manager for Further review and directives.

• Perform the Central Bank and Nostro reconciliations of ledger transactions against statement transactions as per the related procedures, checklists, and work instructions.
• Ensure that all required accounts reconciliations, under your responsibility; are received/submitted on time with no missing as per the agreed recon. frequencies. Late and missing accounts reconciliations are to be escalated.
• Conduct the EOM reviews of Reconciliation submitted by respective Accounts owners as per the related procedures/ checklists/ work instructions, validate the identified issues and highlight them to the respective owner for explanation and necessary actions.
• Daily Monitoring of Exception reports comprising Manual posting to GL Interfaces, GL Balances against their nature and Overdrawn MAP Accounts Teller Shortages/Overages, Payment Orders reconciliation (As per the related procedures) and highlighted issues to respective owners for justification and necessary action.
• Monitor the high-risk GL accounts (WIP, Rejected and In- suspense, Cash in Transit) and identify the outstanding entries/exceptions and reporting to respective department for further corrective action.
• Daily Monitoring of Exception reports comprising Debit to income GL, Debit to MAP outside the customer RIM to ensure appropriate approvals are in place.
• Performing Reconciliation of MAP/GL Accounts under ICD Ownership as per the related procedures.
• In case of outstanding Entries/Exceptions, detected errors or discrepancies. Report and elevate them to the respective Branches/Departments designated staff for their correction and necessary actions as per the agreed TAT.
• Track and follow-up (Arrange meeting) with the respective Branches/Department designated staff until the issue is closed.
• Investigate and respond to the Financial Control/Branches/central operation departments' / Int. Branches/Other Departments staff inquiries and assist them in solving their reconciliation related problems.
• Reviewing and notify GL/MAP Accounts with Zero balance and no activity > 1 year to respective account owners for their further review and closure if not required.
• MIS and Dashboards:
  Prepare dashboard for un-reconciled Balance sheet Accounts for ICD Reconciliation Manager for his further review and directives.
• RCSA Testing is conducted on timely basis.
• Involved in UAT Testing to review financial posting / Reconciliation process and to notify any GAP/discrepancies to ITD/Respective Application owner.
• Improve your performance and productivity by attending the needed training courses and on the-job- training discussions sessions, expanding the technical knowledge and skills needed to carry out your duties and engaging in any additional assignments/ projects assigned by ICD management.
• Keep good teamwork spirit excellent relations with all parties and service standards.
• Contribute to special tasks assigned by ICD Reconciliation Manager/Global Head of ICD and BCM.

• Unreconciled entries are timely detected, reported, escalated, and corrected to avoid operational actual losses.
• Re-conciliation issues are timely reported and escalated for respective departments corrective actions.
• ICD Procedures, Checklists and work instructions are strictly followed and implemented.
• Reconciliation activity; as a critical service being…