QSST- Bank Reconciliations Accountant job at Q-Sourcing

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Vacancy title:
QSST- Bank Reconciliations Accountant

[ Type: FULL TIME , Industry: Nonprofit, and NGO , Category: Management ]

Jobs at:


Deadline of this Job:
15 August 2022  

Duty Station:
Within Tanzania , Dar es Salaam , East Africa

Date Posted: Tuesday, July 26, 2022 , Base Salary: Not Disclosed

About this Job:
Q-Sourcing Limited, trading as Q-Sourcing Servtec, is a manpower management solutions firm operating in the East African Region in the countries of Tanzania, Uganda, Kenya, Rwanda, and South Sudan.
On behalf of one of our Tanzania based client, we are looking for a competent and experienced Bank Reconciliations Accountant.

Job Summary:
A Job holder will be reporting to Country Chief Finance Officer and will be responsible for the monthly reconciliation of a numbers of General ledger accounts, including the Bank Account reconciliations. Principal source of advice and primary contact for staff and external parties relating to bank account transactions.

Main activities.
• Monitor all banking activities to detect irregularities
• Investigate all transactions to prevent fraud
• Provide feedback to the accounting department on how to improve on internal controls, and pinpoint areas where risks relating to banking transactions can be minimized
• Provide documentation for the purpose of supporting all financial transactions
• Prepare monthly bank reconciliation reports regarding all cash deposits to the bank(s)
• Assist auditors – internal and external – with documentation required for the auditors to do their job satisfactorily
• Perform the reconciliation and verification of accounts regarding cash at hand and cash at bank
• Reconcile and process transactions that are complex in nature
• Maintain required files, reports, and data
• Reconcile and rectify all ledger accounts belonging to vendors, customers
• Reconcile accounts that fall into receivable records with the sales invoices
• Maintain constant contacts with the company’s customers
• Follows up all transactions continuously and provide updates to the management
• Adhere to corporate standards and procedures in all reconciliation activities
• Reconcile discrepancies in different accounts.
Financial Management
• Ensure Group policies and regulatory compliance in execution of bank reconciliation activities.
• Prepare and submit Bank to Book reconciliation reports
Risk Management
• Identify the treasury risks, their various mitigations and keep track of them.

• Ensure Group policies and regulatory compliance in execution of bank reconciliation activities.
• Adherence to all Group and In Country Policies and Procedures.
• Prepare and submit Bank and Book Reconciliation reports.

Qualifications and Requirements
• Bachelor’s degree in Accounting, Finance, Business Administration, or related field. Accounting Professional an added advantage.
• Understanding and experience of bank reconciliations.
• 2 to 4 years relevant experience in Bank Reconciliation Management.
• Must be of unquestionable integrity, Honesty, Trustworthiness and Professionalism
• Must be a team player
• Must be a self-starter and have an appreciation of business growth and priorities.
• Strong Leadership potential to effectively drive a business agenda and Knowledge.
• Advanced experience with MS Office.
• Knowledge of banking relationships and covenants
• Strong understanding of banking systems
• operational coordination of activities.

• Analytical Skills
• Bank Account Reconciliation
• Knowledge of SAP ERP systems
• Understanding of entries in the Bank versus the subsystems and their impact on the reconciliation process.

Attributes include:
• Self-Starter & Action Oriented
• Ability to harness peer Relationships
• Agile and Driven
• Collaboration
• Problem Solving
• Communication Skills

Work Hours: 8

Experience in Months: 24

Level of Education:
Bachelor Degree

Job application procedure
All candidates who meet the criteria outlined as above are encouraged to send their CVs/Resumes to: [email protected] not later than 08th August 2022
Only shortlisted applicants will be contacted.
This position is open for Local only.
For any further clarifications call 0692961040

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