Reconciliation Center of Excellence Officer

<div><p><b>Title:</b>Reconciliation Center of Excellence Officer</p><p><b>Department:</b>Finance</p><p><b>Location:</b>Riyadh</p><p><b>Core Responsibilities:</b></p><ul><li>Review daily general ledger account transactions and movements for accuracy and completeness.</li><li>Verify balances, transactions, and adjustments against supporting documents.</li><li>Identify variances or unreconciled items and ensure timely follow-up.</li><li>Investigate and resolve discrepancies through coordination with business and finance teams.</li><li>Escalate recurring exceptions or control weaknesses to management.</li><li>Prepare exception reports and support audits or internal reviews.</li><li>Contribute to process improvement and automation activities.</li><li>Maintain proper documentation and audit trails for all reconciliations</li><li>Ability to track the following types of key performance indicators: Review accuracy rate (%)., Exception closure turnaround time, Number of recurring discrepancies identified.</li><li>SLA adherence for reconciliations reviewed.</li><li>Performs quality checks on GL data to ensure the accuracy and consistency of certification by the line of business.</li><li>Manages and monitors the daily HUB and GL exceptions for escalation and resolution and provides technical assistance and guidance to other departments to clear their expectations and ensures accuracy in the process.</li><li>Supports monthly GL accounts certification closing activities in line with internally developed requirements; Monitors and maintains the GL ownership tree with approval authorities as per SAB standards.</li><li>Supports (in coordination with a GL reconciliation and control supervisor or manager) internal and external auditor requests to ensure that accounts are prepared in a legally compliant way.</li><li>Coordinates successful implementation of auditors’ recommendations and reporting them to the management.</li><li>Supports assigned departments to review and identify the department RCA (Risk Control Analysis) to ensure the proper coverage of all critical activities in line with Internal Control compliance.</li><li>Supports in the creation of the requisite reports (weekly/monthly/ad-hoc) and ensure timely submission to facilitate decision-making.</li><li>Generates reports on discrepancies and anomalies highlighted in the accounting cycle through ledger maintenance.</li><li>Participates in developing plans, systems, and internal processes as required to govern all aspects of the general ledger function per SAB’s established policies.</li><li>Other Ad hoc tasks to strengthen the internal control of the finance department.</li><li>Providing relevant analytical reports for all SAB business functions to be used for financial reporting.</li><li>Ensuring that the financial reporting is audited to stay compliant with regulatory standards.</li><li>Ensuring that the general ledger procedures are in compliance with the regulatory standards.</li></ul><p><b>Qualifications and Requirements:</b></p><ul><li>Bachelor’s degree in Accounting, Finance, or Business Administration.</li><li>1-3 years of experience in Financial Reconciliation and Control, or Accounting Operations.</li><li>Prior working experience on Oracle, Excel, or custom reconciliation software.</li><li>Familiarity with banking products and services.</li><li>Holding professional certification in Accountancy is highly preferable.</li></ul></div>#J-18808-Ljbffr