Job Title: Reconciliations Manager

Company: Equity Bank Tanzania

Location: Dar es Salaam

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Job Description

Equity Bank Tanzania is seeking a highly skilled and detail-oriented Reconciliations Manager to oversee and enhance the bank’s reconciliation processes across multiple financial systems. Reporting directly to the Head of Financial Controls, the position plays a key role in ensuring the accuracy, timeliness, and completeness of reconciliations for bank accounts, General Ledger (GL) accounts, intercompany transactions, and all clearing or suspense accounts.

The Reconciliations Manager will also support audit requirements, maintain strong internal controls, and collaborate across departments to resolve discrepancies efficiently. This role requires a strategic professional with proven experience in banking operations, financial controls, and team leadership.

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Duties and Responsibilities

1. Central Bank Clearing & Nostro Accounts Reconciliations

• Review and validate all bank account reconciliations, including Nostro and Central Bank clearing accounts.
• Identify, escalate, and follow up on reconciling items promptly with Treasury Back Office and Operations teams.
• Ensure timely clearance of long-outstanding items.

2. General Ledger (GL) Reconciliations

• Oversee accurate and complete reconciliation of all GL accounts.
• Assign GL ownership and categorize accounts by risk level (high/medium/low).
• Conduct snap checks to detect anomalies and unusual balances.

3. Intercompany Accounts Reconciliations

• Review intercompany payables/receivables and ensure timely resolution of mismatches.
• Support group reporting by ensuring compliance with group reconciliation requirements.

4. Reporting & Compliance

• Prepare monthly reconciliation reports for senior management and Group.
• Ensure timely attestation of reconciliations by GL owners and reviewers.
• Maintain full adherence to regulatory, audit, and internal control frameworks.

5. Batch Proofing & Transaction Validation

• Review daily batch proofing reports and verify support documentation for all payments.
• Ensure timely validation and execution of batch proofs.

6. Controls, Risk Management & Audit Support

• Strengthen controls around reconciliation processes to mitigate operational and financial risks.
• Identify process gaps and recommend efficiency improvements.
• Provide documentation and clarification during internal and external audits.

7. Stakeholder Engagement & Staff Capacity Building

• Work closely with Operations, Finance, Treasury, Credit, and other departments.
• Guide and train reconciliation staff to uphold best practices and compliance standards.

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Job Requirements

Education

• Bachelor’s Degree in Accounting, Finance, or related field from a recognized institution (Required).
• CPA, ACCA, or an equivalent professional qualification is an added advantage.

Experience

• Minimum 5 years of professional experience in financial reconciliations within banking or financial services.
• Supervisory or team leadership experience is essential.

Core Competencies

• Strong understanding of GL systems, bank operations, and reconciliation workflows.
• High proficiency in MS Excel and financial systems such as Oracle or Finacle.
• Strong analytical skills, accuracy, and keen attention to detail.
• Excellent communication, collaboration, and problem-solving abilities.
• High integrity and commitment to timely delivery.

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How to Apply

Required Application Documents:

• Cover Letter
• Detailed CV
• Copies of relevant academic certificates and professional testimonials
  (All documents must be combined into a single PDF file.)

Email for Submission:
📩 TZRecruitment@equitybank.co.tz

Email Subject:
Reconciliations Manager or Reference Number, if provided.

Application Deadline:
🗓 Tuesday, 16th December 2025