Executive, Bank Reconciliation

Reports To

Role Purpose

• Responsible to monitor accuracy, timely performance of Bank, Cash Reconciliation for worldwide bank accounts inclusive of HQ, stations and subsidiaries
• Ensure adherence procedures, accounting treatments, report, controls and audit trails in compliance to Accounting standards for MAB and subsidiaries

Key Accountability

• Operational:
  • Ensure the reconciliations meet the targeted KPI where 90 percent of Value of Open Item Balance Aged less than 60days
  • Track timely bank reconciliation and communicate with relevant business units/station and subsidiaries for input and updates of the clearance status
  • Monitor and ensure there is no discrepancy between SAP and bank statement monthly closing balance
  • Reconcile Cash Receivables for Stations - ticketing office, airport counters and Cargo office against tickets, EMD, EBT, Airwaybill etc interface with ARA/LMS
• Governance & Policies:
  • Ensure compliance to Service standards / SLAs to ensure appropriate service levels are maintained
  • Ensure compliance to accounting standards and internal controls
• Organization & People:
  • Act as a pro-active team member to ensure cordial work environment
  • Undertake additional responsibilities to support / replace other team member roles if required
  • Possess good communication and interpersonal skill

Qualification & Experience

• Degree in any related discipline preferable in Finance, Actuarial Science, Business etc with 0-3 years working experience in Accounting and/or Finance or in the related field

Skills & Knowledge

• General Accounting and Reconciliation
• Knowledge on GL/Accounting System (SAP)
• Customer Oriented. Result and Quality Orientation
• Good command of English & Bahasa Malaysia, both written and spoken

Key Challenges

• Ensuring Group's compliance to MAG procurement policy, process and governance
• Time constraint and complexity of issues when investigating outstanding items of bank and cash reconciliation matching on Direct Debit/Double Pmt/Unidentified Payment, Late submission of BS/DCRS by stations, Bridge Gap beween ATOS and Banker on MT940 issues, etc
• Lack of control the cash collection handled by BUs and Station due to work base location
• Highlighting department on action to clear reconciliation may not be effective if no KPI imposed
• Bank Recon as the point of contact/reference with issues related to Cash/Bank account. This require determination, coordination with other BUs and Customers/Agents