5 Reconciliation jobs in Saudi Arabia

Who Are We

HALA is a leading fintech player in the MENAP region that aims to redefine financial services and build the future bank of SMEs. HALA aims at empowering SMEs to start, run, and grow their businesses by providing them with cutting-edge financial and technological tools.

HALA currently holds multiple entities in UAE, Saudi Arabia and Egypt (including HALA Payments, HALA Cashier and HALA Logistics) and offers solutions that enable merchants to digitize their payments as well as manage their sales and operations.

Founded in 2017, HALA is currently duly licensed by the Saudi Arabian Central Bank as well as the Financials Services Regulatory Authority (FSRA) in Abu Dhabi Global Market.

Team and Responsibilities

COLLECTIVE

• Comply with the HALA's code of conduct and ethics
• Promote the HALA's vision, mission, values and model desired behaviors
• Promote HALA and spread its culture
• Commit to HALA's rules and regulations
• Perform tasks as directed in the pursuit of the achievement of organizational goals
• Share with team know-how and encourage their development

JOB-SPECIFIC

• Support the other departments to fix the customers' issues
• Lead the reconciliation and balancing analysis on pool accounts and customer transactions
• Ensure accurate summary reconciliation reports are generated in a timely manner and highlight required actions
• Take proper actions as required including investigating transactions, bank interface issues, or customer claims
• Work closely with other departments, especially with the Digital, Safeguarding, and Customer Care to resolve any reconciliation or customer claim issues
• Resolve promptly and/or escalate any risks not addressed
• Recommend and implement process improvements to increase the efficiency and accuracy of daily and periodic reconciliation processes
• Ensure reconciliation controls and processes are up to date
• Coordinate to collect data, check its integrity and summarize it
• Run models, verify their applicability, analyze them then communicate results
• Maintain and upgrade knowledge of the core aspects of banking and accounting reconciliation
• Prepare general ledger reconciliations for a financial institution
• Perform ad-hoc requests and special projects

Education

Bachelor Degree in Accounting, Finance, Business Administration or equivalent fields of studies

The education levels can be replaced by years of experience

Experience

Five (5) to eight (8) years of experience in a similar role

Skills

Computer Skills: Proficient in Microsoft Office Tools and computerized ledger system

Languages: Fluent in English and Arabic

Certified Public Accountant (CPA) designation preferred

Core Competencies

Self-Actualization & Fulfilment: Proficiency Level – INTERMEDIATE

Team Synergy & Development: Proficiency Level - INTERMEDIATE

Entrepreneurial Mindset & Drive: Proficiency Level – INTERMEDIATE

Business Acumen & Diligence: Proficiency Level - INTERMEDIATE

What We Offer You
We believe you will love working at HALA

• We have an inclusive and diverse culture that encourages innovation and flexibility in remote, in-office, and hybrid work setups.
• We offer highly competitive compensation packages, including the potential for shares.
• We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
• Join a talented team of over 30 nationalities working in 7 countries and gain valuable experience in an exciting industry.
• We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.
• You will be given a lot of responsibility and trust. We believe that the best results come when the people responsible for a function are given the freedom to do what they think is best.

If you think you have what it takes to join a remarkable team #apply_now

Company Description

Formerly known as stc pay, STC Bank is committed to being a leading regional operator in the world of digital banking. We provide innovative financial solutions and advanced digital payments. Our mission is to lead the way in digital banking within the region, delivering cutting-edge services to our customers.

Role Description

This is a full-time on-site role for a Senior Reconciliation and Settlement Specialist located in Riyadh. The individual will be responsible for overseeing the daily reconciliation and settlement processes. Tasks include verifying and reconciling transactions, managing accounts, handling discrepancies, and ensuring accurate financial records. The role also involves close collaboration with other departments to resolve any reconciliation issues and to provide detailed reports as required.

Qualifications

• Proven Analytical Skills
• Strong Communication
• Solid understanding of Finance principles
• Proficiency in Accounting
• Experience in Account Reconciliation
• Attention to detail and accuracy
• Ability to work well under pressure and meet deadlines
• Bachelor's degree in Finance, Accounting, or related field
• Experience in the banking industry is a plus

Purpose

The Reconciliation and Settlement Manager oversees and manages the reconciliation processes for Issuing and Acquiring business lines, serving both Direct and Third-Party clients. The role is critical in ensuring the accuracy and integrity of financial transactions, safeguarding organizational assets, and fostering a customer-centric approach within the reconciliation team.

KEY ACCOUNTABILITIES AND ACTIVITIES

Key Accountability Areas

Key Activities

Main Duties and Responsibilities

• Develop and continuously improve the reconciliation team's capabilities to handle multiple issuing clients.
• Ensure adequate systems and controls are in place to mitigate the risk that might arise due to operational and human errors.
• Review the reconciliation reports daily to ensure accurate and timely identification, investigation, and resolution of discrepancies in financial transactions.
• Report and escalate ageing reconciliation items as per defined timelines following the escalation matrix provided to ensure the right stakeholders are updated.
• Participate in process improvement initiatives for the development of underlying processes, reporting mechanisms and systems to facilitate ongoing improvement in the efficiency and quality of reconciliations processes.
• Primary contact point for escalations, projects and process changes impacting reconciliation processes.
• Define and implement team goals aligned with organizational objectives, emphasizing a customer-centric approach. Facilitate ongoing training and development opportunities to enhance team capabilities.
• Conduct regular process reviews to maintain staff productivity at optimal levels with best-in-class service delivery.
• Proactively address and resolve issues raised by clients or other stakeholders to maintain high levels of satisfaction

People Management

• Participate in the identification and recruitment of key talents for their respective Department
• Manage, guide and assist direct reports to perform their functional operations in accordance with set policies and procedures
• Set performance objectives, provide necessary support, evaluate/appraise the team and provide regular feedback on performance
• Uphold a high-performance working environment and promote the Organization's Values

QUALIFICATIONS

• Bachelor's Degree Required.
• Master's Degree Preferred.
• Professional Certificates.

Purpose

The Reconciliation and Settlement Senior Specialist oversees a reconciliation processes for Issuing and Acquiring business lines, serving both Direct and Third-Party clients. The role is critical in ensuring the accuracy and integrity of financial transactions, safeguarding organizational assets, and fostering a customer-centric approach within the reconciliation team.

KEY ACCOUNTABILITIES AND ACTIVITIES

Key Accountability Areas

Key Activities

Main Duties and Responsibilities

• Develop and continuously improve the reconciliation team's capabilities to handle multiple issuing clients.
• Ensure adequate systems and controls are in place to mitigate the risk that might arise due to operational and human errors.
• Review the reconciliation reports daily to ensure accurate and timely identification, investigation, and resolution of discrepancies in financial transactions.
• Report and escalate ageing reconciliation items as per defined timelines following the escalation matrix provided to ensure the right stakeholders are updated.
• Participate in process improvement initiatives for the development of underlying processes, reporting mechanisms and systems to facilitate ongoing improvement in the efficiency and quality of reconciliations processes.
• Primary contact point for escalations, projects and process changes impacting reconciliation processes.
• Define and implement team goals aligned with organizational objectives, emphasizing a customer-centric approach. Facilitate ongoing training and development opportunities to enhance team capabilities.
• Conduct regular process reviews to maintain staff productivity at optimal levels with best-in-class service delivery.
• Proactively address and resolve issues raised by clients or other stakeholders to maintain high levels of satisfaction

QUALIFICATIONS

• Bachelor's Degree Required.
• Professional Certificates.

Industry :

-Financial Services

-Banking