Recon Analyst📣 Job Ad

About Tata Consultancy Services

Tata Consultancy Services (TCS) is a global leader in IT services, consulting, and business solutions, partnering with many of the world’s largest businesses for over 50 years. As part of the Tata group, India's largest multinational business group, TCS operates with over 616,171 consultants across 53 countries. The company is recognized for its Location Independent Agile™ delivery model, offering a comprehensive portfolio of business, technology, and engineering services. TCS is currently seeking a Recon Analyst to join its team in Riyadh, Saudi Arabia.

The Recon Analyst Role

This full-time position is central to ensuring financial data integrity through meticulous reconciliation processes. The Recon Analyst will be responsible for performing in-depth analysis of financial transactions, identifying and resolving complex exceptions, and contributing to process improvements. The role requires 5-10 years of experience in financial reconciliation within a banking environment.

Key Responsibilities

• Complete daily, weekly, and monthly reconciliations accurately and on schedule.
• Perform in-depth analysis of reconciliations, identifying and deciphering complex exceptions between systems for various accounts.
• Conduct root-cause analysis for existing exceptions and lead efforts to resolve them effectively.
• Analyze trends, accurately enter exception data, and ensure proper aging of outstanding items.
• Communicate complex break reports to internal groups or external correspondents and monitor their resolution.
• Prepare daily, weekly, and monthly status reports.
• Assist in analyzing operational needs and provide valuable inputs to address identified requirements.
• Execute tasks efficiently and quickly, maintaining strong attention to detail and adherence to deadlines.
• Identify opportunities for process improvement and implement solutions to enhance operational efficiencies.
• Interact with bank-wide vendors and stakeholders to facilitate the resolution of breaks.

Required Experience and Knowledge

• 5-10 years of experience in a relevant financial or reconciliation role.
• Demonstrated experience with banking products, including Retail, Personal, and Wealth, along with their associated regulations, processes, and procedures.
• Proven experience in General Ledger (GL) reconciliations across various areas such as Branch, ATM, Cards, Deposits, Loans, Cash, Bank, Vault, Accounts Receivable (A/R), Accounts Payable (A/P), Clearing, Settlement, Suspense accounts, and Payments.
• Experience in system-to-system (intersystem) reconciliation, specifically GL versus Sub-Ledger (SL).
• Understanding of Intercompany, Intergroup, and Interbranch reconciliations.
• Solid accounting knowledge, including the ability to record journal entries and comprehend financial impacts.

Essential Skills and Tools

• Intermediate to advanced proficiency in Microsoft Excel.
• Experience with GL reconciliation applications is considered a plus.

Work Environment and Location

This is a full-time position based in Riyadh, Saudi Arabia. Candidates interested in contributing to a global leader in IT services are encouraged to apply.