Reconciliation Analyst

Position Overview

We are seeking a detail-oriented and analytical Reconciliation Analyst to join our finance team. In this critical role, you will be responsible for ensuring the accuracy and integrity of financial transactions across multiple payment channels, including point-of-sale (POS) systems, card payments, digital transactions, and other financial channels. Your expertise in identifying discrepancies, resolving issues, and maintaining precise records will be instrumental in supporting our organization’s financial operations and compliance standards.

Key Responsibilities

The Reconciliation Analyst will perform a range of essential duties to uphold financial accuracy and operational efficiency. These responsibilities include:

• Daily Reconciliation Activities: Conduct thorough reconciliation of payment transactions across various channels, including POS, card payments, digital wallets, and other financial systems, to ensure alignment with internal records, bank statements, and third-party reports.
• Discrepancy Identification and Resolution: Review financial records meticulously to detect discrepancies, investigate root causes, and collaborate with relevant stakeholders to resolve issues promptly and accurately.
• Exception Monitoring and Escalation: Track reconciliation exceptions, document unresolved issues, and escalate critical matters to senior management or appropriate teams in a timely manner to prevent financial discrepancies from persisting.
• Record Maintenance: Maintain comprehensive and organized reconciliation records, supporting documents, and transaction logs to ensure transparency, audit readiness, and compliance with internal policies.
• Settlement Support: Assist in the settlement processes for payment systems such as Sadad, SARIE, and other financial platforms, ensuring smooth and accurate transaction finalization under supervision.
• Reporting and Documentation: Prepare and present daily, weekly, and monthly reconciliation and settlement reports to provide stakeholders with clear insights into financial performance and potential areas of concern.
• Compliance and Audit Support: Ensure adherence to internal procedures, operational controls, and regulatory requirements throughout all reconciliation activities. Provide necessary documentation and data to support internal and external audits, as well as compliance requests.
• Cross-Functional Coordination: Collaborate with internal teams, including finance, operations, and IT, as well as external parties such as banks and third-party service providers, to address and resolve reconciliation and settlement discrepancies efficiently.
• Process Improvement: Contribute to the continuous improvement of reconciliation processes by identifying inefficiencies, proposing enhancements, and implementing best practices to maintain high standards of accuracy in financial transaction records.

Qualifications and Experience

To excel in this role, candidates must meet the following requirements:

• Education: A Bachelor’s degree in Finance, Accounting, Business Administration, or a related field is required. Professional certifications such as Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Certified Internal Auditor (CIA) are preferred but not mandatory.
• Experience: A minimum of two years of relevant experience in financial reconciliation, accounting, or a closely related field is essential. Prior experience in payment systems, financial audits, or regulatory compliance will be considered a strong advantage.
• Technical Skills: Proficiency in financial software, ERP systems, and reconciliation tools is highly desirable. Strong analytical skills, attention to detail, and the ability to work under tight deadlines are critical for success in this role.
• Soft Skills: Excellent communication, problem-solving, and organizational abilities are necessary to collaborate effectively with cross-functional teams and external stakeholders.