Settlement & Reconciliation Supervisor

If you’re ready to take your career to the next level and make a significant impact, we’d love to hear from you! Apply now and become a key player in our Reconciliation & Settlement team at GraceKennedy (Trinidad & Tobago) Limited.

Join Our Team as a Settlement & Reconciliation Supervisor!

Are you a detail-oriented professional with a passion for cash management and internal controls? Do you thrive in dynamic environments and excel at leading teams? GraceKennedy (Trinidad & Tobago) Limited is looking for a dedicated Settlement and Reconciliation to ensure our financial operations are accurate, efficient, and impactful. If you're ready to take on a pivotal role and drive excellence, we want to hear from you!

SETTLEMENT AND RECONCILIATION SUPERVISOR

Assist the Accounting Manager in providing accurate, complete and timely financial information on the performance of GraceKennedy (T&T) Limited with particular emphasis on effective cash management, delivery of reconciliation reports and ensuring the integrity of the accounting processes are maintained. To directly supervise the Accounting Clerks.

KEY RESPONSIBILITIES         

• Effective design and execution of cash management strategies for GKTT sub- agents daily operations ensuring all aspects of Agent Balances are true and correct.
• Daily management of cash movement at Sub-Agents and Vault. Liaising with the bank where required.
• Oversee the preparation of daily courier/vault reconciliations and assist in resolution of differences as needed.
• Effective supervision of the timely, complete, and accurate sub-agent reimbursement process and reconciliations for GKTT sub-agent activities on a daily basis.                          
• Effective supervision of the timely, complete, and accurate Sub-Agent General Ledger Accounts on a daily basis with reconciliations to General ledger maintained daily .
• Timely and accurate execution of monthly and quarterly cash count reconciliation and reports to be dispatched to management within 10 and 15 days of the cash being counted respectively. Also ensuring that variances are thoroughly investigated and resolved, and agents are informed in a timely manner of shortages that are to be deducted.
• Dispatching of quarterly Agent Confirmation letters and reconciliation of any discrepancies and reporting to Management.
• Processing Monthly Commissions Payable due to Sub-Agents, timely distribution of letters and statements.
• Reconciling main Operating bank account reconciliation and all smaller bank accounts including supporting schedules and ensuring reconciling items are cleared within three working days.
• Posting of data and journals daily into the Accounting software and Approving adjustments/correcting entries in EFT including review of EFT reconciliations.
• Follow up on collections — amounts due from Agents, including closed Agents and ensuring entries and supporting documents are accurate.
• Assist in preparation of the monthly Accounting Reconciliation Checklist alongside Financial Supervisor.
• Preparation of Regulatory Reports — Central Bank.
• Preparing, uploading, and approving of General Journals on a timely basis.
• Support the Accounting Clerks with all their duties.
• Assisting with Month End Close off and Management Accounts and assisting with all Financial Reporting as required by the Finance Team.
• Preparation of schedules and files for internal and external audits and timely responses to audit requests.
• Continuous improvement/update of policies and procedures for the department.
• Execution of special projects.
• Ensure cross training with staff and agents as needed ensuring process flows are well documented and updated. Ensure all filing and record keeping are updated.
• Any other duties assigned by the Supervisor/Accounting Manager deemed necessary to ensure the smooth and efficient running of the Department.

THE IDEAL CANDIDATE SHOULD POSSESS:

• Bachelor’s Degree in Accounting/Finance and/or pursuing ACCA Level 111
• A minimum of three (3) years of experience in a similar capacity, preferably including banking or financial services involving cash management with at least three (2) years at a supervisory level.
• Familiarity with using computer-based accounting systems.
• Supervisory skills with a proven ability to effectively manage a team, team deliverables and foster effective communication and collaboration.
• Demonstrable Advance Excel application skills
• Strong sense of confidentiality, discretion, and customer relations.
• High level of maturity and personal initiative.
• Detail oriented with a strong appreciation for the critical importance of internal controls and meeting deadlines.
• Adaptability to adapt to changing accounting and audit environments with, a strong analytical ability.

Ready to Make a Difference? Submit your application today and embark on a rewarding journey with us!

 Qualified applicants are invited to submit their resumes no later than April 30, 2025

Only suitable candidates who reside in Trinidad & Tobago will be considered