https://bayt.page.link/v1TUmrkCw1dqRip19
Saudi nationals
Full Time Employee · Min 2 Years of Experience
500 Employees or more · Accounting - Financial Services

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Job Description

The Reconciliation Officer plays a vital role in ensuring the accuracy and integrity of financial records within the accounting and financial services sector. This position is essential for maintaining the financial health of the organization by verifying transactions, identifying discrepancies, and ensuring compliance with financial regulations. The ideal candidate will have a keen eye for detail and a strong understanding of accounting principles, making them an integral part of the finance team.

Responsibilities:

  1. Conduct regular reconciliations of bank statements, accounts, and financial transactions to ensure accuracy.
  2. Identify and resolve discrepancies in financial records promptly.
  3. Prepare detailed reports on reconciliation findings and present them to management.
  4. Collaborate with other departments to gather necessary documentation for reconciliation processes.
  5. Ensure compliance with internal controls and financial regulations.
  6. Assist in the preparation of financial statements and audits as needed.
  7. Maintain accurate records of all reconciliation activities and documentation.
  8. Provide training and support to junior staff on reconciliation processes.
  9. Monitor changes in financial regulations and recommend updates to internal policies.
  10. Participate in continuous improvement initiatives to enhance reconciliation processes.

Preferred Candidate:

  1. Strong analytical skills with a focus on detail.
  2. Proficient in accounting software and Microsoft Excel.
  3. Excellent communication and interpersonal skills.
  4. Ability to work independently and as part of a team.
  5. Strong organizational skills and the ability to manage multiple tasks.
  6. Experience in the financial services industry is a plus.
  7. Knowledge of financial regulations and compliance standards.
  8. Problem-solving mindset with a proactive approach.


Preferred Candidate

Years of Experience
Min: 2
Residence Location
Saudi Arabia
Nationality
Saudi Arabia
Major
Business Administration

GlobeMed Saudi is a Third-Party Administrator (TPA), incorporated in KSA offering support to insurance companies with highly advanced tools and services. It is a licensed company, subject to the supervision of the Insurance Authority. GlobeMed Saudi offers a wide array of healthcare services such as providers’ network management, approvals and claims processing, reconciliation, customer services and business intelligence services. Moreover, we provide innovative and comprehensive services and solutions to manage clients’ complex needs, such as Pharmacy Benefits Management and international health services. Over the past years, we have lived up to our promise of improving the healthcare services to 7 client insurers, and more than 2.5 million insured members. On the public sector front, GlobeMed Saudi was appointed by the Ministry of Health as the exclusive TPA to manage the referral of cases from public to private providers, and by the Council of Health Insurance to manage the claims cycle of the Dhaman fund.

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