Bank Reconciliation Officer
Introductory Summary
Abans PLC, Sri Lanka’s leading name in consumer durables, is seeking a detail-oriented and motivated Bank Reconciliation Officer to join its finance team. This role offers an exciting opportunity to contribute to one of the country’s most established and innovative organizations, ensuring financial accuracy and supporting critical business operations. If you have a passion for finance, strong analytical skills, and a commitment to excellence, this position is designed for you.
About Us
For over five decades, Abans PLC has been at the forefront of Sri Lanka’s consumer durables market. Headquartered in Colombo, with a presence across the island through over 1,000 touch points, Abans has built its reputation on offering innovative, environmentally friendly, and user-friendly products.
The company partners with some of the world’s most respected global brands, including LG, Apple, HP, Lenovo, Acer, Motorola, Oppo, Vivo, Realme, JBL, Marshall, and Haier. Abans’ longstanding collaboration with LG Electronics Inc. in Korea has made it the top-performing distributor in South East Asia for more than 35 years.
From consumer electronics and home appliances to smart devices, laptops, and solar solutions, Abans continues to shape Sri Lanka’s modern retail landscape. Its presence extends beyond traditional retail into luxury malls, branded stores, and a thriving e-commerce platform that attracts more than 600,000 site visits annually.
At Abans, our vision is to empower people with technology and innovation while maintaining sustainability and customer trust at the core of everything we do. Joining our team means being part of a dynamic organization that values growth, innovation, and a strong sense of responsibility toward society and the environment.
Location: Abans PLC, No. 498, Galle Road, Colombo 03, Sri Lanka.
The Role & Responsibilities
As a Bank Reconciliation Officer, you will play a critical role in ensuring the integrity and accuracy of Abans’ financial data. Your daily work will support smooth financial operations, compliance with internal policies, and transparency in financial reporting.
Key Responsibilities:
- Perform daily, weekly, and monthly reconciliations in line with company policies and financial timelines. You will ensure that all transactions are matched, balanced, and documented, leaving no room for discrepancies.
- Record, verify, and reconcile all bank transactions with a high level of accuracy. This includes monitoring inflows, outflows, and transfers across multiple accounts.
- Investigate variances and discrepancies by liaising with internal departments and external banks. You will be expected to identify root causes quickly and work toward timely resolution.
- Prepare reconciliation reports for management, escalating unresolved items to ensure corrective action is taken without delay.
- Maintain compliance with internal controls, audit requirements, and recognized financial reporting standards.
- Support financial closing activities at the end of each month and financial year, contributing to accurate and reliable reporting.
- Maintain clear documentation of reconciliation processes for easy reference during audits and management reviews.
- Assist in process improvements by recommending and implementing solutions that enhance reconciliation and reporting efficiency.
By performing these responsibilities, you will directly support Abans’ reputation for financial discipline and operational excellence.
Qualifications
To thrive in this role, candidates should possess both technical expertise and a strong understanding of financial practices.
- Educational Background: A basic financial qualification such as AAT or CA Intermediate Level is required. This provides the foundation needed to understand accounting principles and reconciliation procedures.
- Experience with SAP: At least 1 year of hands-on experience in SAP, specifically in bank reconciliations, is essential. Familiarity with ERP systems will allow you to manage transactions more effectively.
- Knowledge of Accounting Principles: A solid understanding of accounting processes, financial controls, and reconciliation practices will help you identify and resolve variances quickly.
- Proficiency in MS Excel and Financial Tools: Strong spreadsheet skills will be crucial for managing large data sets, creating pivot tables, and generating reports.
- Analytical and Problem-Solving Abilities: You must be able to interpret financial data, spot anomalies, and recommend effective solutions.
- Communication Skills: Clear communication with banks, colleagues, and management is vital to resolving discrepancies and ensuring smooth operations.
Each of these qualifications contributes to your ability to maintain accuracy, efficiency, and compliance in financial reporting.
What We’re Looking For
While technical skills are essential, Abans also places high value on personal attributes and cultural fit. We are looking for a candidate who is:
- Detail-Oriented: Someone who thrives on precision and is committed to getting the numbers right.
- Proactive and Resourceful: The ideal candidate anticipates potential issues and takes initiative to resolve them before they escalate.
- Team-Oriented: You should be comfortable collaborating with colleagues across finance and other departments, building relationships that enable smooth workflows.
- Ethical and Trustworthy: Since you will be handling sensitive financial information, a strong sense of integrity is non-negotiable.
- Adaptable: Abans operates in a fast-paced environment. Flexibility and resilience will help you succeed and grow with the team.
Why Join Us
Abans PLC is more than just a workplace; it is a hub for growth, innovation, and professional development.
- A Legacy of Excellence: With over 50 years of industry leadership, Abans provides stability and credibility that few companies in Sri Lanka can match.
- Career Growth Opportunities: You will have access to structured career pathways, professional training, and opportunities to expand your expertise within a diversified business group.
- Dynamic Work Environment: Be part of a collaborative and energetic team that values innovation, efficiency, and forward thinking.
- Employee-Centric Culture: Abans fosters a culture of recognition and support, encouraging employees to share ideas, grow their skills, and contribute meaningfully to the organization’s success.
- Contribution to Sustainability: Join a company that takes its environmental responsibilities seriously, ensuring that its operations and product lines contribute to a greener future.
When you join Abans, you become part of a brand that is trusted, respected, and committed to excellence at every level.
Application Note
We kindly request that only genuinely interested candidates apply for this position. If you are truly passionate about finance, excited about the role, and confident in your ability to contribute, we would love to hear from you.