About this role
About UOB
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.
Job Description
Monitoring Suspense & Sundry
- Regularly review and monitor suspense accounts ,which temporarily hold transactions awaiting proper classification.
- Identify the reasons for transactions remaining in suspense and resolve discrepancies promptly
- Transfer funds from suspense accounts to appropriate ledger accounts one correct allocation is determined.
- Oversee these accounts periodically to avoid discrepancies or outdated entries.
Monitoring Nostro accounts
- To perform monitoring in RECs to ensure timely and proper reconciliation of Ledger entries and Statement entries by the respective Recon Owners.
- To ensure prompt follow-up with respective Recon Owners on outstanding and unidentified items.
- To review the Monthly Outstanding Items Report for any the explanation provided by Recon Owner and ensure items which required explanations are provided. To follow up where further clarifications are needed promptly.
- Prepare Reconciliation nostro report.
Manual journal entry
- Perform manual journal entry from other unit with no authorized to access to SAP.
- Checking and posting manual journal accrual division.
- Prepare & Posting Amortize of prepaid Expense
Balance substantiations
- Perform monthly balance substantiations for auto reconciliation and assigned manual GL
- Review balance substantiations with supporting document
Job Requirement :
1. Educational Background:
- Bachelor’s degree in Accounting
2. Experience: Minimum 1–5 years of experience in Accounting
3. Technical Skills:
- Ability to perform Nostro reconciliation &
- Strong communication and coordination skills with teams & Related Unit
- Ability to work under tight deadlines.
- Familiarity with SAP module and Accounting
Additional Requirements
Be a Part of the UOB Family
UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.
Apply now and make a Difference
Other facts
About UOB
We’re here to do Right By You.
At UOB, we aspire to build a better future for the people and businesses in the region.
Through our extensive network and suite of capabilities, we offer financial solutions to the people and businesses within, and connecting with ASEAN.
We create solutions tailored to your unique needs through data and relationship-led insights.
Our comprehensive regional network and one-bank approach connects your business to new opportunities in ASEAN.
We help businesses to advance responsibly and guide personal wealth to grow sustainably. We foster inclusiveness and environmental well-being for stronger societies.
This is how we stay committed to forging a sustainable future for generations to come.
Note: For the terms of use of our LinkedIn channel, please visit: https://go.uob.com/socialmedia
What you'll do
- The role involves monitoring suspense and Nostro accounts, ensuring timely reconciliation of ledger entries, and resolving discrepancies. Additionally, the staff will perform manual journal entries and prepare monthly balance substantiations.
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