Graduate Bank Reconciliation Analyst at FBN Insurance Brokers Limited

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    First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank …

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    Bank Reconciliation Analyst

    • Job Type Full Time
    • Qualification BA/BSc/HND
    • Experience – 2 years
    • Location Lagos
    • Job Field Banking&nbsp , Graduate Jobs&nbsp

    Location: Onikan, Lagos 
    Department: Finance and Accounts

    Job Objective(s)
    The Reconciliation Analyst assist the CFO by helping FBNIB to reconcile transactions across the general ledger together with all bank accounts and Insurance companies. Also, the RA would be responsible for tracking money owed by Underwriters.

    Job Responsibilities

    • Reconcilingpayments to ensure the accounting system reflects the correct transactions
    • General ledger reconciliations
    • Account reconciliations such as bank, inventory control, clearing, billings etc.
    • Issue receipts to customers on receipt of payments
    • Verify the reliability and accuracy of bank balances in the general ledger and trial balance
    • Complete the bank reconciliation on a monthly basis in accordance with the established timetable and ensure full documentation of reconciling items.
    • Complete the Underwriters reconciliation on a quarterly basis in accordance regulatory guidelines.
    • Provide timely response to queries and advise Underwriters in relation to transactional processes
    • Carry out other duties as assigned by the CFO.

    Reporting Relationship:
    Reports to: 

    • Chief Financial Officer

    Supervises:

    • Nil

    Qualification

    • A first degree in Accounting or any social science discipline

    Minimum Experience:

    • Minimum of 0-2 years cumulative experience in Finance and Accounting role

    Professional Membership:

    • Certified membership of Accounting Technician Scheme (ATS) is an added advantage.

    Grade Alignment:

    • Grade Level (Executive Assistant – Superintendent)

    Competence Requirements
    Core Skills:

    • Basic financial and accounts knowledge
    • Up to date knowledge of accounting information
    • Experiencereconcilingaccounting figures and financial records
    • Ability to identify errors/discrepancy
    • P/C personal productivity tools such as Microsoft Word, Excel, PowerPoint, Outlook etc.

    Generic Skills:

    • An Ideal FBNIB person MUST be/have
    • Innovative (Disruptive and Creative in solving Problems)
    • Integrity (Inspire trust and confidence in customers and co-workers)
    • Respect (For self and others)
    • Customer Centric (Empathetic and Focused on Customer
    • Team building skills
    • Interpersonal and networking skills
    • Good Communications skills (written and oral)
    • Self-driven/proactive.
    • Excellent presentation skills
    • Attention to details

    Key Performance Indicators:

    • No. of delays for raising payment receipts.
    • No of complaints from Internal customers regarding confirmation/payment
    • % of bank reconciliation completed within timeline.
    • % of Underwriters reconciliation completed within timeline.
    • The number of rejections that occurred in a given period

    Method of Application

    Interested and qualified candidates should forward their CV to: Yemisi.Oke@fbninsurancebrokers.com using “Reconciliation Analyst” as subject of email.

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