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Job Description
Our client is a leading European financial services company with offices in both Europe and UAE. They are looking for a Reconciliation Team Lead with a background in banking, or financial services to lead a team of 4 handling large volumes of transactions and data sets.
Responsibilities
- Act as keys user of reconciliation software and demonstrate high level of expertise
- Train and develop team on how to use reconciliation software
- Ensuring your teams understand the overall strategy and their role in the company’s success.
- You will help shape and prioritize team goals to meet KPIs, empower your team to collaborate, and support their skill development through sharing knowledge and new learning opportunities.
- Keep your team informed and ensure changes are understood and implemented.
- Manage the full employee lifecycle, addressing any performance issues.
- Monitor and reconcile clients’ funds daily using third-party statements and SAP accounting software.
- Track workflows (deposit/withdrawal processes) and resolve any discrepancies promptly.
- Process transactions in SAP accounting software.
- Reconcile client data to ensure adequate fund segregation.
- Prepare daily, weekly, and monthly reports on client funds and balances.
- Deliver reconciliation information to the Finance and Internal Audit and Reporting teams.
- Monitor financial institution and payment provider balances, assessing necessary settlements or transfers.
- Coordinate with various departments and third parties to resolve issues.
- Analytical Report preparation and presentation to senior finance management
Requirements
- University degree in Accounting, Finance, Economics, Mathematics, or a related field.
- Experience in using reconciliation software or similar automated systems is a must.
- Experience in a similar role within financial services
- Proficient in Microsoft Office, especially MS Excel.
- Fluent in English.
- Strong analytical, problem-solving, and investigative skills.
- Attention to detail and ability to resolve issues.
- Excellent time management, able to work under pressure and meet deadlines.
- Strong communication and monitoring skills.
- Knowledge of SAP accounting software is required.
