Bank Reconciliation Analyst

Job Description

Location : New York, UNITED STATES OF AMERICA Application Deadline : 06-Nov-07 Type of Contract : ALD International Post Level : ALD-3 Languages Required : English Starting Date : (date when the selected canditate is expected to start) 03-Dec-2007 Duration of Initial Contract : One-year Expected Duration of Assignment : One-year

Background

The Treasury Division at UNDP manages 68 bank accounts in a variety of currencies. These accounts provide payment functionality for AP, payroll and investment transactions for UNDP and other Atlas agencies. The accounts are managed in Atlas, the PeopleSoft/Oracle ERP software used by the organization globally. The bank reconciliation process in Atlas is a two-step process and involves transaction matching (bank record vs. system record) in the first step and matching subsystem and general ledger balances in the second step. A customized report known as a Bank to Book (B2B) Report is used to facilitate this purpose. Final reconciliation with the GL requires a validation of system total balances as determined by B2B Report (based on subsystem data) against total cash balance in the GL.

To assist fixed-term staff, an experienced reconciliation resource is needed to reconcile bank accounts on a monthly basis, investigating and clearing reconciling items.

Duties and Responsibilities

This position reports to the Treasurer and will:

• Assist in transaction matching between AP, AR, Treasury modules and bank statements for HQ bank accounts;
• Manage payroll account reconciliation;
• Research and prepare recommendation to clear pending items;
• Reconcile Bank Balances with Book balances for each account, using the Bank to Book (B2B) report.

Competencies

Due to the highly specialized nature of the bank reconciliation task, the successful candidate will have the following competencies/experience:

• Knowledge of banking functions and operations ,
• Knowledge of ERP software, specifically Peoplesoft/Oracle,
• Understanding of the bank reconciliation process and reports,
• Understanding of entries in the Bank versus the subsystems and their impact on the reconciliation process,
• Documented ability to analyse differences, perform investigations, and summarize results for reconciling items,
• Understanding of ATLAS General Ledger structure helpful
• Demonstrated analytical skills

Required Skills and Experience

• Master’s degree in Business Administration, Accounting, or a related field.
• Minimum of 3 years or more of progressively responsible experience is required at the national or international level, preferably in accounting, treasury, or banking.
• Fluency in English is required. Working knowledge of other UN languages is desirable.

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