Reconciliation Officer

RCBC


Date: 6 hours ago
City: Taguig
Contract type: Full time
Job Summary

  • The Reconciliation Officer under the Monitoring and Reconciliation Department primary purpose is
  • to ensure the accuracy and integrity of the consumer loans financial records by comparing and
  • matching the consumer loans management system and the general ledger, including identifying
  • discrepancies, errors and its corresponding corrections and/or adjustments, ultimately leading to a
  • more reliable financial reporting and support informed decision making.

How will you contribute?

  • 1. Daily monitoring and review of GL accounts for any abnormal balance, float items, and
  • discrepancy between SL and GL, in compliance to all applicable regulations and accounting
  • standards related to loan accounting.
  • 2. Investigate and resolve any differences between loan system records, the general ledger, and
  • other financial records.
  • 3. Preparation of various schedules for Certification of Balances (COB) and reporting purposes
  • 4. Updates the status and/or disposition of outstanding balances of Accounts included in the
  • monthly and quarterly aging reports.
  • 5. Coordinates with the concerned units, including escalation of unresolved long outstanding
  • items.
  • 6. Preparation of life insurance such as CLI or Credit Life Insurance and MRI or Mortgage
  • Redemption Insurance and non-life insurance such as Fire Insurance and Motor
  • Comprehensive Insurance for monthly remittance to third party agencies.
  • 7. Monitors the Philippine Guarantee Corporation (PGC) enrolled consumer loan portfolio and
  • its movement under, including timely remittances and compliance to the terms and conditions
  • of the Memorandum of Agreement with PGC.
  • 8. Contribute to general ledger and loan system projects, including conversions, testing, and
  • enhancements.

What will make you successful?

  • Bachelor’s Degree in any Business-related course. Accounting Graduate is preferrable.
  • Knowledge of bank operations and accounting-related functions, including bank’s internal policies/rules and regulations.
  • With 2 to 3 years’ relevant experience in loans accounting and reconciliation, including familiarity with loan accounting systems, general ledger systems, and other relevant software.
  • Proficiency in MS Office applications, particularly spreadsheet analysis

How to apply

To apply for this job you need to authorize on our website. If you don't have an account yet, please register.

Post a resume

Similar jobs

Accountant for Revenue and Receivable

NCS Philippines Inc., Taguig
2 weeks ago
Revenue assurance and recognition Checks accuracy and completeness of revenues on a monthly basis, thru settlement reports Records revenues in SAP or other books of accounts Recognizes accrual of revenue Invoice generation and billing of clients, telecommunication companies and other partners Performs variance analysis and other reports needed by the business team. Credit and collection monitoring Monitors age of trade...

Ops Sup Analyst 1 - C09 - TAGUIG

Citi, Taguig
2 weeks ago
Discover your future at Citi Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact. Job Overview The Ops Sup Analyst 1...

Assistant Operations Manager - Purchase to Pay

Unilever, Taguig
2 weeks ago
UniOps team is the Productivity engine for our company with the mission of driving centralized and digitized operations in a not-so-distant Digital future. The UniOps solutions organization is tasked with introducing new and enhanced services to the business, delivering a portfolio of integrated global services that enables the business to grow competitively.Within UniOps, one of the most mature programs is...