Job Details

Description

JOB PURPOSE

This function is responsible for provision of VAF back office with support for the timely and accurate reconciliations and ensure timely collection of installments and further provide back up and support to the back-office functions.

Under the supervision of the Vehicle & Asset Finance Head the following are among the Job Key Responsibilities:

• Co-ordinate & supervise the activation of customer deals with Administration team to ensure that all control accounts are normalised
• Timely review of collections – Ensure that instalments on customer leases are collected and customer refunds are done timely and accurately.
• Financial Controls: Provide daily &/ Monthly updated reconciliations of balance sheet reconciliations e.g Sundry debtors, Sundry creditors, Loan Lease, Loans, Provisions, VAT input, output & WHT recon. Follow up long outstanding reconciliation items and ensure timely resolution.
• Provide proper support for all reconciling items that are outside clearing period
• Provide Reconciliation committee accurate status of all reconciliations selected for review
• Preparation and posting of day end entries in GL
• Reviewing and authorisation of all VAF entries and ensure they are processed timely and correctly
• Review entries from Collections including invoices for payment and write offs.
• Review insurance recons and facilitating payment of reconciled premiums to the insurance firm/team as well as ensuring Commission payment is received on time
• Smooth running of day / month end loan and collection transactions
• Supervise all Loan Management System projects and provide guidance where necessary
• Any other duties as may be assigned by Line Management

INTERNAL/EXTERNAL CONTACT

• External: N/A

• Internal: All internal Business Units

Requirements

QUALIFICATIONS AND EXPERIENCE

• Grade 12 Certificate with Credit or above mandatory in Mathematics and English and any other three subjects
• Bachelor’s Degree in Finance, Full ACCA, CIMA, ZICA or any other related qualifications
• Minimum of four (4) years’ experience in reconciliations or finance related experience in the Financial Services industry
• Experience in Vehicle and Asset Finance will be added advantage
• Understanding and interpretation of Financial Statements
• Understanding of regulatory requirements
• Knowledge of credit in general JOB CORE COMPETENCIES
• Drive for results
• Accountability
• Strong analytical skills and problem resolution
• Ability to work in a team
• Good verbal and written communication skills
• Excellent attention to detail
• Strong Microsoft excel & word skills
• Ability to work under minimal supervision