Job Description -As an Accounts Reconciliation and Balance Confirmations Specialist, your primary responsibility will be to ensure the accuracy and integrity of financial data by reconciling accounts and obtaining balance confirmations from external parties. You will play a crucial role in maintaining the financial health and compliance of the organization by identifying discrepancies, resolving issues, and providing accurate financial reports.
- Reconciliation of Accounts:
Perform regular reconciliations of various accounts, such as bank accounts, general ledger accounts, vendor accounts, and customer accounts.
Compare financial records and transactions with supporting documentation, such as bank statements, invoices, and receipts, to identify any discrepancies or errors.
Investigate and resolve differences or variances found during the reconciliation process, collaborating with relevant departments or stakeholders to address the issues.
Initiate and manage the process of obtaining balance confirmations from external parties, such as banks, customers, and vendors.
Prepare balance confirmation requests, ensuring accuracy and completeness of information.
Communicate with external parties via phone, email, or other means to request and obtain balance confirmations within specified timelines.
Review received balance confirmations, comparing them to internal records, and investigating any discrepancies or inconsistencies.
- Financial Reporting and Documentation:
Prepare accurate and reliable financial reports, statements, and documentation based on reconciled accounts and confirmed balances.
Ensure compliance with accounting principles, policies, and regulations while preparing financial reports.
Maintain proper documentation of reconciliation activities, balance confirmations, and related correspondence for future reference and audit purposes.
- Process Improvement and Quality Assurance:
Identify opportunities for process improvement in accounts reconciliation and balance confirmation procedures.
Develop and implement best practices to enhance efficiency, accuracy, and effectiveness in the reconciliation process.
Conduct periodic reviews and quality checks to ensure adherence to established reconciliation and confirmation procedures.
- Collaboration and Communication:
Collaborate with cross-functional teams, including finance, audit, and operations, to resolve reconciliation issues and address any outstanding discrepancies.
Communicate effectively with internal and external stakeholders regarding reconciliation status, balance confirmations, and issue resolution.
Bachelor's degree in accounting, finance, or a related field.
Proven experience in accounts reconciliation, balance confirmations, or a similar role, with a demonstrated proficiency in Excel.
Advanced Excel skills, including mastery of functions, formulas, pivot tables, data analysis, and automation.
Strong analytical and problem-solving skills with a keen attention to detail.
Sound judgment and integrity when handling sensitive financial information.
Continuous improvement mind-set and willingness to adapt to changing requirements and technologies.
- Prefence Male, Excellent Excel Skills
Job Types: Full-time, Permanent
Pay: 20,
- 00 - 25,000.00 per month
Benefits: - Health insurance
Schedule:
Fixed shift
Ability to commute/relocate:
- Hyderabad, Telangana: Reliably commute or planning to relocate before starting work (Preferred)
Education:
Work Location: In person
