Manager, Integrated Accounting, Reconciliation

6 months ago


Malaysia CIMB Group Full time

Good understanding of business and banking operations and strong in stakeholder management. Performing the reconciliation and analysis on bankwide general ledgers assigned and review in depth on variances/unreconciled GL balances on daily/weekly basis. The objective of GL Reconciliation is to monitor all month end balances. Transactions to these GL accounts are posted manually from ADI or one leg from system and the other from ADI. Since these GL accounts are not fully posted by the system, it needs to be monitored manually on monthly basis.

**Responsibilities**:
The incumbent will be responsible for the following:

- GL Reconciliation
- Conducting oversight, monitoring and review on reconciliation works performed by team members
- Conduct regular review session with team members to ensure all the variances/unreconciled GL balances have been followed up closely till resolved.
- To plan and track on quality of Level 2 reconciliation review.
- Close monitoring and immediate escalation on all outstanding items
- To ensure respective BU/BE provide resolution actions and date.
- To arrange concall/discussion/meeting with BU/BE whenever required.
- To ensure accurate submission to Reconciliation - Monitoring & Control pillar on any open items and resolutions progress to develop the dashboard monitoring reports.
- Work closely with the Reconciliation Chart Of Account team to ensure the system GL set up with appropriate accounting treatment as per BU/BE’s requirements.
- To ensure L2 team members comply with all the audit and risk related tasks.
- To play the role as main liaison on matters of internal/external audit and any other audit (regulator)
- Other ad-hoc matters assigned.
- To evaluate and advice necessary decision when performing review on Miscellaneous Write off/Write back proposal submitted by Level 1.
- Analysis
- To guide the team to perform detail analysis on Month-on-month variance, balance substantiation and ageing analysis as required.
- To coach and develop good analytics and operational insights to L2 team
- Review and update reconciliation policy and procedures, guiding principles and process flow of each GL account.
- Collection Account
- Monitor and coordinate collection account opening request
- Playing the role as second line-of-defence to reconcile, monitor and review collection account.
- To extract and concolidate collection account repository and align with IARA M&C team for MYMC dashboard reporting
- To formalise control and approach required in collection account reconciliation review
- To esclate on any long outstanding or breaching in collection account SOP set by first line-of-defence to MYMC
- People Management
- Promote quality of deliverable by motivating, coaching and developing team members.
- Provide guidance to team members in ensuring an adherence to standard policy and procedure.
- Ensure cross training and rotation of duty occurs on regular basis to increase operational efficiency and reduce operational risk.
- Update team with latest updates and knowlegde whenever required.

**Job Requirements**
- Degree in Accounting, Finance or Accounting Professional Qualification.
- 5-8 years working experience in Banking Finance, Banking System and Operations
- 5 years in leading a team size of 5-10 people.
- Strong in banking operations.
- Substantial skills in financial analysis in the past 5 years working experience.
- Knowledge of Banking systems used example Oracle system
- Knowledge on various products and services offered in the industry, including the reporting rules and regulations in the domestic enviroment.
- Knowledge in reconciliation.
- Knowledge of the Accounting Standards and BNM Guidelines essential
- Good motivator to the team to insipire them to produce the required results.
- Strong comunicating skills, required in guiding and assisting Business partners to reach outcome for both parties.
- Good reputation with business units network across the organisation both locally and across the region.
- Builds strong culture of excellent service and growth opportunities for CIMB Group to attract and retain top talents
- Embark with continuous improvement mindset, always look for opportunity to improve existing process.


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