APA Life Assurance is hiring an Accountant - Bank Reconciliations skilled in bank reconciliations, general ledger management, and cash flow tracking.
Key Primary
Responsibilities
Bank
Reconciliation
- Obtain the bank statement for every active company bank account —
including premium collection accounts, operational accounts, investment
accounts, and petty cash accounts — and compare each entry against the
corresponding entry in the general ledger.
- Prepare a formal bank reconciliation statement for each account on a
timely basis, clearly showing: opening balance per bank, closing balance
per bank, outstanding deposits, outstanding cheques/payments, unexplained
differences, and closing balance per ledger.
- Investigate and resolve all reconciling differences within the
agreed SLA. Differences that cannot be resolved within this period must be
escalated to the supervisor.
- Ensure that no reconciling item remains unresolved for more than 30
days without documented justification.
Ledger
Maintenance & Correction
- Post any adjusting journal entries required to bring the general
ledger into agreement with the bank statement — for example, recording
bank charges, reversing incorrect entries, or recognizing bank interest —
after obtaining the necessary approval.
- Liaise with the Accounts Payable, Accounts Receivable, and Treasury
teams to clarify any transactions that appear on the bank statement but
cannot be immediately identified.
- Ensure all bank entries in the general ledger are coded to the
correct general ledger account and accounting period.
Controls
& Compliance
- Ensure the bank reconciliation process is carried out in strict
accordance with the company’s internal control framework and financial
policies.
- Maintain complete, organized, and audit-ready reconciliation files
for all accounts, covering the current year and the prior two years as a
minimum.
- Support internal and external auditors by providing reconciliation
statements, working papers, and explanations of reconciling items as
required.
Academic Qualifications
- Bachelor’s degree in Finance, Accounting, or a related field.
Skills & Requirements
- Accuracy & Analytical Thinking — able to identify discrepancies
quickly and trace them to their source.
- Persistence — follows through on outstanding items until they are
fully resolved.
- Integrity & Independence — operates as an objective control
function, free from conflicts of interest.
- Time Management — delivers reconciliations on tight daily and
monthly deadlines without compromise on quality.
- Communication — clearly communicates findings and outstanding issues
to management in writing.
Professional Qualifications
- CPA (Part II) or equivalent is an added advantage.
Experience
- Minimum 2–3 years of experience in a bank reconciliation, finance,
or accounting role, preferably within a regulated financial institution
such as an insurance company, bank, or fund manager.
- Demonstrated experience reconciling multiple bank accounts
simultaneously.
- Proficiency in accounting software and strong Microsoft Excel
skills.
- Solid understanding of general ledger principles, journal entries,
and month-end close processes.
- Familiarity with internal controls and audit requirements.
How to Apply
