Manage daily, weekly, and monthly reconciliation of accounts (bank, vendor, client, TPA, or partner accounts).
Review and verify payment postings, collections, and disbursements.
Investigate and resolve reconciliation discrepancies in a timely manner.
Develop and implement reconciliation procedures and process improvements.
Coordinate with finance, operations, and audit teams to ensure data accuracy.
Maintain detailed documentation for all reconciliations and adjustments.
Prepare reconciliation reports and summaries for management review.
Monitor system-based reconciliation tools and ensure optimal performance.
Ensure compliance with internal financial policies and external audit requirements.
Supervise and train reconciliation executives or analysts.
Strong analytical and numerical skills.
Advanced Excel skills and familiarity with ERP/accounting software (e.g., SAP, Tally, Oracle).
Attention to detail with excellent problem-solving skills.
Ability to manage multiple reconciliations and tight deadlines.
Strong communication and team management abilities.
Knowledge of financial regulations, accounting standards, and reconciliation best practices.
Bachelor’s degree in Accounting, Finance, Commerce, or related field (Master’s preferred).
5+ years of experience in reconciliation, accounting, or financial control (2+ years in a managerial role preferred).
Experience in healthcare, insurance, banking, or financial services industry is an advantage.
Timeliness and accuracy of reconciliations.
Reduction in unreconciled transactions.
Compliance with audit and reporting timelines.
Efficiency improvements in reconciliation processes.