Debt Reconciliation Officer (GMG/SEG 1)

Summary

The incumbent has responsibility to conduct proper and timely reconciliation of: i. Debt service payment to the Accountant General and the Bank of Jamaica (BOJ). ii. External and domestic loan balances with the Accountant General iii. Bank reconciliation of approximately 50 project accounts for which the Debt Management Branch has portfolio responsibility iv. Audited financial statements as requested by creditors and ensure that CS-DRMS System is updated with the reconciled bank accounts and financial statements. 💰Salary Range: $3,501,526 to $4,709,163 per annum and any allowance(s) attached to the post.

Responsibilities

• To conduct reconciliation of audited financial statements as requested by creditors:

  • • Review creditors audited financial statements;
  • • Examine and compare with data recorded or CS-DRMS to determine difference if any;
  • • Liaise with creditors and advise them of balances interest rates and the differences between audited financial statements and debt management records;
  • • Consult with Supervisor in cases of major discrepancies;
  • • Reconcile the differences and prepare reports for input on CS-DRMS.

• To conduct semi-annual reconciliation exercise with creditors.:

  • • Request balances from creditors;
  • • Examine accounts against CS-DRMS records to identify gaps if any;
  • • Consult with creditors as necessary;
  • • Reconcile and prepare for CS-DRMS.

• To conduct reconciled of debt service and external/domestic loan balances with Accountant General.:

  • • Monitor the funding of accounts by funding agencies and the posting of bank statements to the system to ensure accuracy and completeness;
  • • Verify that cheques drawn and cash reflect authorised disbursement;
  • • Examine Reconciliation Summary and Details and identify and resolve any discrepancies/errors found until the reconciliations are balanced and free from error;
  • • Advise the bank until errors are corrected;
  • • Prepare and submit completed bank reconciliation statements to supervisor for review and approval prior to distribution of copies to the relevant Implementing Agencies

Required Skills

• • Good knowledge of Accounts and bank reconciliation.
• • Good knowledge of relevant computer applications and spread-sheet
• • Integrity
• • Communication
• • Judgment
• • Problem Solving/Analysis
• • Interpersonal Skills
• • Job Knowledge

Qualifications

• • Bachelors’ degree in Accounting or Management Studies or equivalent qualifications.
• • Two (2) years’ experience in a manual and/or automated bank reconciliation environment.

Additional Information and Instructions

• Special Conditions Of The Job:

  • • Flexibility needed to complete assignments beyond normal working hours, in order to meet critical deadline.

Applications accompanied by résumés should be submitted no later than Thursday, June 19, 2025 to: Senior Director, Human Resource Management & Development Human Resource Management and Development Branch Ministry of Finance and the Public Service 30 National Heroes Circle Kingston 4 ✉️ Email: hrapplications@mof.gov.jm 📜 N.B. Please identify the job title of interest as the Subject We thank all applicants for the interest expressed; however, only shortlisted candidates will be contacted.

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