HeavenAre you a detail-oriented individual with a knack for financial analysis and compliance? If so, we have an exciting job opportunity for you in Canada! Appropriate Technology Systems Ltd is currently looking for a Reconciliation and Compliance Officer to join their team. In this role, you will be responsible for investigating all transactions on the bank’s various accounts, providing periodic feedback to the accounting department, and preparing monthly bank reconciliation reports.
Located in Canada, this job offers a unique opportunity to work in the thriving financial industry. With a minimum academic qualification of a First degree or HND in Finance, Business Administration or a related field, along with 2-5 years of proven experience as a Reconciliation/Compliance Officer, you are sure to excel in this role.
In addition to your educational background and experience, knowledge of double entry, Excel, data analysis, and accounting, as well as risk management, will be highly beneficial. Familiarity with legal requirements and controls such as Anti-Money Laundering (AML) is also desirable in this position.
As a Reconciliation and Compliance Officer, you will be responsible for maintaining files, reports, and data, reconciling and rectifying ledger accounts belonging to customers, and conducting periodic tests to ensure all systems and digital platforms are operating as planned. You will also have the opportunity to work closely with internal and external auditors, as well as collaborate with HR when needed.
In order to succeed in this role, excellent communication skills and a strong attention to detail are essential. A good understanding of industry practices and professional standards, as well as integrity and professional ethics, will also be important.
The remuneration for this position is a gross monthly salary of NGN 150,000 – 250,000.
If you are looking for a challenging and rewarding career in the finance industry, this job opportunity in Canada could be perfect for you. Take the next step in your professional journey and apply for the Reconciliation and Compliance Officer position at Appropriate Technology Systems Ltd today!
Job Title: Reconciliation/Compliance Officer
Responsibilities:
1. Investigate all transactions on the bank’s various accounts.
2. Provide periodic feedback to the accounting department on exceptions observed.
3. Provide documentation for supporting all financial transactions.
4. Prepare monthly bank reconciliation reports regarding all accounts operated by the bank.
5. Assist auditors – internal and external – with the documentation required for the auditors to do their job satisfactorily.
6. Perform the reconciliation and verification of accounts regarding bank balances.
7. Reconcile and process transactions on all other accounts assigned by management.
8. Maintain required files, reports, and data.
9. Reconcile and rectify all ledger accounts belonging to customers.
10. Reconcile accounts that fall into receivable records with the sales invoices.
11. Perform all other related duties as assigned to meet the needs of the organization.
12. Reconcile all transactions on all maintained lending platforms to reconcile disbursements and repayments.
13. Conduct periodic tests to ensure all systems and digital platforms are operated as planned.
14. Develop and implement an effective legal compliance program.
15. Create sound internal controls and monitor adherence to them.
16. Draft and revise company policies.
17. Proactively audit processes, practices, and documents to identify weaknesses.
18. Evaluate business activities to assess compliance risk.
19. Collaborate with external auditors and HR when needed.
20. Set plans to manage a crisis or compliance violation.
21. Educate and train employees on regulations and industry practices.
Requirements:
1. Minimum academic qualification of a First degree/HND in Finance, Business Administration, or a related field.
2. Relevant Microfinance Bank professional certification (e.g., Certified Compliance & Ethics Professional – CCEP) would be an added advantage.
3. 2 – 5 years of proven experience as a Reconciliation/Compliance Officer.
4. Good knowledge of double entry, Excel, data analysis, accounting, and risk management.
5. Knowledge of legal requirements and controls (e.g., Anti-Money Laundering, or AML).
6. Familiarity with industry practice and professional standards.
7. Excellent communication skills.
8. Excellent IT skills and knowledge of banking software operation/usage.
9. Integrity and professional ethics.
10. Ability to work with a team.
11. Attention to detail.
Remuneration: NGN 150,000 – 250,000 gross monthly.
Responsibilities:
1. Investigating all transactions on the bank’s various accounts.
2. Providing periodic feedback to the accounting department on exceptions observed.
3. Providing documentation for supporting all financial transactions.
4. Preparing monthly bank reconciliation reports for all accounts operated by the bank.
5. Assisting auditors -internal and external- with the necessary documentation for satisfactory completion of audits.
6. Performing the reconciliation and verification of accounts regarding bank balances.
7. Reconciling and processing transactions on all other assigned accounts.
8. Maintaining required files, reports, and data.
9. Reconciling and rectifying all ledger accounts belonging to customers.
10. Reconciling accounts that fall into receivable records with the sales invoices.
11. Conducting reconciliation of all transactions on all maintained lending platforms to reconcile disbursements and repayments.
12. Conducting periodic tests to ensure that all systems and digital platforms are operating as planned.
13. Developing and implementing an effective legal compliance program.
14. Creating sound internal controls and monitoring compliance adherence.
15. Drafting and revising company policies.
16. Proactively auditing processes, practices, and documents to identify weaknesses.
17. Evaluating business activities to assess compliance risk.
18. Collaborating with external auditors and HR when necessary.
19. Setting plans to manage a crisis or compliance violation.
20. Educating and training employees on regulations and industry practices.
Qualifications:
1. Minimum academic qualification of a First degree/HND in Finance, Business Administration, or a related field.
2. Relevant Microfinance Bank professional certification (e.g., Certified Compliance & Ethics Professional – CCEP) would be an added advantage.
3. 2 – 5 years of proven experience as a Reconciliation/Compliance Officer.
4. Good knowledge of double entry, Excel, data analysis and accounting, and risk management.
5. Knowledge of legal requirements and controls (e.g., Anti-Money Laundering, or AML).
6. Familiarity with industry practice and professional standards.
7. Excellent communication skills.
8. Excellent IT skills and knowledge of banking software operation/usage.
9. Integrity and professional ethics.
10. Ability to work with a team.
11. Attention to detail.
There are several compelling reasons why a candidate should consider applying for the job of Reconciliation and Compliance Officer at Appropriate Technology Systems Ltd:
1. Career Growth Opportunities: Appropriate Technology Systems Ltd offers ample opportunities for career advancement and personal growth. With a strong commitment to talent development and internal promotions, employees have the chance to climb the corporate ladder and take on more responsibilities. This position, as a Reconciliation and Compliance Officer, serves as a solid foundation for building expertise in financial operations and regulatory compliance, which can open doors to higher-level roles within the company or the industry.
2. Competitive Compensation: The candidate can expect to receive a competitive compensation package commensurate with their skills and experience. Appropriate Technology Systems Ltd values its employees and recognizes the importance of attracting and retaining top talent. The organization ensures that employees are fairly compensated, helping them achieve financial security and job satisfaction.
3. Innovative Work Environment: Appropriate Technology Systems Ltd prides itself on fostering an innovative work environment. By encouraging creativity, collaboration, and outside-the-box thinking, the company cultivates a culture of innovation and is always seeking ways to improve its processes and services. This provides an exciting and dynamic work environment for employees, sparking their creative thinking and offering opportunities to bring new ideas to the table.
4. Impactful Work: As a Reconciliation and Compliance Officer, the candidate will be making a significant contribution to the company’s operations and overall success. They will play a critical role in ensuring accurate financial reconciliations, detecting and resolving discrepancies, and upholding compliance with relevant regulations and policies. This work is vital to the company’s financial health and regulatory compliance, allowing the candidate to have a direct impact on the organization’s overall stability and growth.
5. Professional Development: Appropriate Technology Systems Ltd places a strong emphasis on professional development and continuous learning. The candidate will have access to various training programs, workshops, and seminars aimed at enhancing their skills and knowledge. This commitment to professional growth not only benefits the individual but also contributes to the organization’s overall knowledge base, promoting a culture of excellence and continuous improvement.
In conclusion, the Reconciliation and Compliance Officer position at Appropriate Technology Systems Ltd offers compelling reasons for candidates to consider applying. From career growth opportunities and competitive compensation to an innovative work environment and impactful work, this role provides a platform for professional development and contribution within a dynamic and forward-thinking organization.
Candidates can apply for the position of Reconciliation and Compliance Officer at Appropriate Technology Systems Ltd by following these steps:
1. Review the responsibilities: Candidates should carefully read and understand the listed responsibilities for the role. This will give them an idea of the specific tasks and expectations associated with the position.
2. Assess qualifications: Candidates should check if they meet the minimum academic qualification of a First degree/HND in Finance, Business Administration, or related fields. They should also consider if they have the required 2-5 years of proven experience as a Reconciliation/Compliance Officer. Additionally, having a relevant Microfinance Bank professional certification such as Certified Compliance & Ethics Professional (CCEP) would be an added advantage.
3. Prepare a resume: Candidates should update their resume to highlight their relevant experience, education, and skills. They should emphasize their knowledge of double entry, Excel, data analysis, accounting, risk management, legal requirements, and controls (e.g., Anti-Money Laundering). They should also mention their familiarity with industry practices and professional standards.
4. Write a cover letter: Candidates should write a compelling cover letter expressing their interest in the position and explaining how their qualifications and experience make them suitable for the role. They can also mention any additional skills or achievements that align with the responsibilities listed in the job description.
5. Submit the application: Candidates can submit their application by following the instructions provided by Appropriate Technology Systems Ltd. This may involve sending their resume and cover letter via email or through an online application form.
6. Wait for a response: After submitting the application, candidates should wait for a response from the company. If shortlisted, they may be contacted for further assessment, such as an interview or written test.
7. Prepare for interviews: If selected for an interview, candidates should prepare by researching the company, reviewing common interview questions, and practicing their responses. They should also be ready to discuss their experience and demonstrate their knowledge of reconciliation and compliance.
8. Attend the interview: Candidates should attend the interview punctually and present themselves professionally. They should answer questions confidently and provide relevant examples from their past experience to showcase their skills and suitability for the role.
9. Follow up: After the interview, candidates can send a thank-you email or note to the interviewer, expressing their gratitude for the opportunity to interview and reiterating their interest in the position.
10. Await the final decision: Candidates should patiently wait for the final decision from Appropriate Technology Systems Ltd. If selected, they may receive an offer and can proceed with the necessary steps to join the company. If not selected, they should continue their job search and consider applying for other suitable opportunities.
In conclusion, we want to express our gratitude to all the readers who have taken the time to consider the job opportunity as a Reconciliation and Compliance Officer at Appropriate Technology Systems Ltd. We understand that finding the right job can be a challenging process, and we appreciate your interest in our organization.
We believe that this position offers a unique opportunity for individuals who are passionate about finance, compliance, and risk management. The responsibilities outlined in the job description highlight the importance of ensuring accurate financial transactions, maintaining compliance with legal requirements, and implementing effective internal controls.
If you possess the minimum academic qualifications and have proven experience in reconciliation and compliance, we strongly encourage you to apply. We value integrity, attention to detail, and excellent communication skills, and if these align with your own strengths, we believe you would be a great fit for our team.
The remuneration package offered for this role is competitive, with a gross monthly salary in the range of NGN 150,000 – 250,000. Additionally, Appropriate Technology Systems Ltd provides a supportive work environment and opportunities for professional growth and development.
We invite you to submit your application and join us in our mission to maintain financial integrity and ensure compliance within our organization. Together, we can make a significant impact in the field of finance and contribute to the success of our company.
Thank you again for considering this job opportunity, and we look forward to reviewing your application.
Heaven