Debt Reconciliation Officer (GMG/SEG 1)

JOB PURPOSE:

The incumbent has responsibility to conduct proper and timely reconciliation of:

• Debt service payment to the Accountant General and the Bank of Jamaica (BOJ). 
• External and domestic loan balances with the Accountant General
• Bank reconciliation of approximately 50 project accounts for which the Debt Management Branch has portfolio responsibility 
• Audited financial statements as requested by creditors and ensure that CS DRMS System is updated with the reconciled bank accounts and financial statements. 

KEY RESPONSIBILITIES:

To conduct reconciliation of audited financial statements as requested by creditors 

• Review creditors audited financial statements; 
• Examine and compare with data recorded or CS-DRMS to determine difference if any; 
• Liaise with creditors and advise them of balances interest rates and the differences between audited financial statements and debt management records; 
• Consult with Supervisor in cases of major discrepancies; 
• Reconcile the differences and prepare reports for input on CS-DRMS. 

To conduct semi-annual reconciliation exercise with creditors.

• Request balances from creditors; 
• Examine accounts against CS-DRMS records to identify gaps if any;
• Consult with creditors as necessary; 
• Reconcile and prepare for CS-DRMS. 

To conduct reconciled of debt service and external/domestic loan balances with Accountant General. 

• Monitor the funding of accounts by funding agencies and the posting of bank statements to the system to ensure accuracy and completeness;
• Verify that cheques drawn and cash reflect authorised disbursement;
• Examine Reconciliation Summary and Details and identify and resolve any discrepancies/errors found until the reconciliations are balanced and free from error; 
• Advise the bank until errors are corrected; 
• Prepare and submit completed bank reconciliation statements to supervisor for review and approval prior to distribution of copies to the relevant Implementing Agencies 

REQUIRED COMPETENCIES:

• Good knowledge of Accounts and bank reconciliation. 
• Good knowledge of relevant computer applications and spread-sheet
• Integrity 
• Communication 
• Judgment 
• Problem Solving/Analysis 
• Interpersonal Skills 
• Judgment 
• Job Knowledge 

QUALIFICATION/EXPERIENCE:

• Bachelors’ degree in Accounting or Management Studies or equivalent qualifications. 
• Two (2) years’ experience in a manual and/or automated bank reconciliation environment. 

SPECIAL CONDITIONS OF THE JOB

• Flexibility needed to complete assignments beyond normal working hours, in order to meet critical deadline. 

We thank all applicants for the interest expressed; however, only shortlisted candidates will be contacted.