Our client is a leading international CySEC Licensed Forex Trading Company in Limassol and they are looking for a Reconciliation Officer for a role that goes beyond standard PSP reconciliation and includes reconciliation, financial analysis, and process improvement responsibilities. The position involves daily reconciliation of client funds and client equity, monitoring surplus and balances, identifying and investigating discrepancies, and supporting regulatory reporting.

The role requires close collaboration with internal teams such as Treasury, Dealing, IT, and BI to investigate discrepancies. A key aspect of this role is contributing to automation projects and improving existing reconciliation and reporting processes. The ideal candidate should have strong analytical skills and a solid understanding of client funds, client equity, and safeguarding procedures, with the ability to identify issues and propose practical improvements. 

The Reconciliation Officer will be responsible for performing daily and monthly reconciliations of client funds, supporting various regulatory reporting and financial reporting, investigating discrepancies, and ensuring accurate record-keeping. The role involves monitoring transfers, coordinating with internal and external parties, and supporting finance and operations with ad-hoc tasks.

Responsibilities:

• Perform daily and monthly reconciliations of client money, ensuring completeness and accuracy.
• Prepare and maintain daily balance reports for all bank accounts and PSPs, monitoring transfers and settlements.
• Verify and reconcile trading transactions, including trade confirmations, settlements, and payments.
• Generate reports and provide analysis on reconciliation activities and financial discrepancies such as Revenue Reports
• Preparation of regular reports related to clients’ balances and Company performance.
• Identify weaknesses in current procedure and make recommendations for improvement.
• Assist in software implementation.
• Investigate and resolve any discrepancies in a timely and efficient manner, coordinating with internal departments and external partners as needed.
• Recalculation of equity and revenue cycles to identify and discrepancies
• Preparation of a fee analysis of service providers by region, by provider, by transaction or any other form that may be requested such that an informed decision can be made.
• Assistance and preparation in any regulatory reports that require input from the department.
• Liaise and communicate with other departments where needed to resolve any potential issues
• Support the finance and operations teams with any ad-hoc tasks or projects as required.

Requirements:

• Bachelor’s degree in Accounting, Mathematics, Finance, etc.
• At least 2-3 years of experience in a similar position.
• Financial services/forex experience is a must
• Excellent command of the English language.
• Advanced proficiency in Microsoft Excel.
• Strong attention to detail with excellent analytical and problem-solving skills.
• Ability to manage multiple tasks and meet tight deadlines in a fast-paced environment.

Working Hours:

The working hours are flexible: 08:00 – 09:30 start, 17:00 – 18:30 finish. This is a hybrid role (3 days office, 2 days home)

TO APPLY for this job opportunity, send your CV (in English please) to [email protected] and include the reference:  Reconciliation Officer (hybrid) – VAC-C4372. We look forward to hearing from you!