Application Deadline: 2026-10-06
| Job Title | Manager – Reconciliation |
| Organization | People’s Bank |
| Industry | Banking / Financial Services |
| Location | Colombo, Sri Lanka |
| Eligibility | Should be a citizen of Sri Lanka |
| Age Limit | Preferably below 45 years as at closing date of application |
| Application Deadline | On or before 05.10.2026 |
| Application Method | Online via Career page of People’s Bank website (www.peoplesbank.lk) |
| Contact Numbers | 011 3741421 / 011 3741420 |
Job Purpose
The Manager – Reconciliation is responsible for establishing and maintaining a strong bank-wide reconciliation governance framework by overseeing General Ledger (GL) maintenance functions, developing and implementing the Bank’s Reconciliation Policy, ensuring timely reconciliation of all GL accounts, strengthening internal controls, regulatory compliance, risk management, and financial reporting accuracy.
Qualifications & Experience
- Bachelor’s degree in Banking, Finance, or Accounting from a university or a degree awarding institute recognized by the University Grants Commission of Sri Lanka.
- Fully or partly qualified with a recognized accounting professional body, such as CA, ACCA, or CIMA.
- At least 10 years of experience in banking or finance with strong knowledge in banking operations, General Ledger management, reconciliation processes, and regulatory requirements.
- Demonstrated experience in developing banking policies, internal control frameworks, or governance is an added advantage.
- Excellent analytical, report-writing, and stakeholder management skills, along with knowledge of information systems.
Responsibilities
Bank-wide Reconciliation Governance
- Develop, implement, and periodically review the Bank-wide Reconciliation Policy.
- Establish reconciliation standards applicable across all departments, branches, and business units.
- Develop reconciliation procedures, operating manuals, and standard operating procedures.
- Ensure consistency in reconciliation practices throughout the Bank.
- Develop reconciliation templates and reporting formats.
- Monitor compliance with reconciliation timelines.
General Ledger Maintenance Governance
- Oversee governance relating to General Ledger maintenance including GL Account creation, GL modification, GL closure/deletion, Reference maintenance, Effective date maintenance with relevant approvals.
- Creation, deletion, and closure of Standard Procedures Manual for GL maintenance Functions.
- Review dormant and inactive GL accounts.
- Recommend closure of obsolete GL accounts.
- Ensure proper documentation for all GL maintenance activities.
Monitoring Outstanding Reconciling Items
- Monitor ageing of outstanding reconciliation differences.
- Define long outstanding criteria.
- Identify root causes.
- Coordinate with relevant departments to resolve long outstanding items.
- Escalate unresolved items to senior management.
- Maintain reconciliation ageing reports.
- Monitor write-off proposals where applicable.
Regulatory Compliance
- Ensure compliance with Central Bank regulations, Accounting Standards (SLFRS/LKAS/IFRS), Internal Audit and External Audit recommendations, Board Audit Committee directives, Internal Policies, circulars, procedures and manual, Risk Management, and Compliance Framework.
Management Information & Reporting
- Prepare periodic reports relating to reconciliation status, outstanding balances, long outstanding items, high-risk accounts, ageing analysis, exception reports, key reconciliation indicators, policy compliance, monthly dashboards, quarterly Board Audit Committee reports, and Executive Management reports.
Stakeholder Coordination
- Coordinate with all relevant Departments, Business units/Branch Network, Internal Audit, Risk Management, and Compliance, and facilitate regulatory examinations.
Automation & Continuous Improvement
- Promote reconciliation automation.
- Improve reconciliation systems.
- Participate in system development projects.
- Develop reconciliation dashboards.
Team Leadership
- Lead the Reconciliation Unit.
- Allocate reconciliation responsibilities.
- Provide technical guidance.
- Conduct reconciliation training programmes.
How to Apply
- Fill in the Application form on the Career page of the People’s Bank website (www.peoplesbank.lk) and submit on or before 05.10.2026.
- Address: Deputy General Manager (Human Resources), People’s Tower – Level 14, No. 374, Dr. Colvin R. de Silva Mawatha, Colombo – 02.
- Inquiries: 011 3741421 / 011 3741420.
Source: Timejobs.lk
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