Senior Manager (GL Reconciliation & Monitoring)

Senior Manager (GL Reconciliation & Monitoring) – Union Bank of Colombo PLC

Job Overview

Position: Senior Manager – GL Reconciliation and Monitoring
Company: Union Bank of Colombo PLC
Job Category: Banking & Insurance, Accounting & Finance, Management, Private Jobs
Job Location: Colombo District, Sri Lanka

Union Bank of Colombo PLC is seeking a highly motivated and experienced professional to join its Finance Department as Senior Manager – GL Reconciliation and Monitoring.

This role focuses on managing General Ledger (GL) reconciliation processes, strengthening financial controls, monitoring risks, and ensuring compliance with accounting standards and regulatory requirements.

Position Details

The Senior Manager – GL Reconciliation and Monitoring will be responsible for overseeing GL reconciliation activities, identifying financial discrepancies, managing reconciliation exceptions, and ensuring timely resolution of outstanding balances.

The ideal candidate should possess strong financial control knowledge, analytical capabilities, and experience in reconciliation management within the banking or financial services sector.

Company Overview

Union Bank of Colombo PLC is a licensed commercial bank in Sri Lanka committed to providing innovative banking solutions while maintaining strong governance, operational excellence, and customer-focused services.

The bank provides opportunities for professionals to grow their careers within a dynamic and performance-driven environment.

Qualifications & Experience

• Minimum 7 years of overall experience, including at least 5 years in finance-related functions
• Professional qualification such as CA, ACCA, or equivalent
• Strong knowledge of General Ledger (GL) reconciliations, financial controls, governance, and risk management
• Proven experience in managing complex reconciliation exceptions and process improvements
• Experience supporting automation initiatives will be an added advantage
• Strong understanding of financial systems and data management
• Advanced proficiency in Microsoft Excel

Key Responsibilities

• Maintain updated GL reconciliation policies and procedures in line with regulatory requirements and industry best practices
• Ensure all GL accounts are reconciled and comply with the bank’s GL Reconciliation Policy and Procedures
• Perform independent reconciliation of GL accounts based on risk-based prioritization
• Monitor critical GL accounts including suspense accounts, transit accounts, and zero-balance expectation accounts
• Ensure timely reconciliation of other GL accounts according to established schedules
• Identify and follow up on system imbalances, inter-branch differences, unusual balances, and long-outstanding items
• Obtain explanations and confirmations from relevant stakeholders and coordinate corrective actions
• Escalate unresolved balances, root causes, and potential risks according to approved escalation frameworks
• Monitor aging of outstanding items and ensure timely resolution of high-risk variances
• Prepare and present monthly MIS reports, exception reports, and findings to management
• Maintain proper documentation and audit trails
• Identify recurring reconciliation issues and recommend corrective actions
• Perform analytical reviews to identify unusual transactions and abnormal debit/credit balances

Required Skills

• Strong analytical and problem-solving skills
• Excellent knowledge of financial controls and reconciliation processes
• Strong stakeholder management and communication abilities
• Leadership and team management capabilities
• Ability to engage effectively with senior management
• High attention to detail and accuracy
• Strong understanding of banking operations and financial processes
• Ability to manage complex financial issues and deliver timely solutions

Added Advantages

• Knowledge of banking products and operations
• Experience in RPA, process automation, and business process re-engineering
• Working knowledge of SQL, Power BI, and other data analytics tools

Salary & Benefits

• Attractive remuneration package based on qualifications and experience
• Staff loan facilities at concessionary rates
• Excellent career development opportunities
• Opportunity to work with a leading commercial bank in Sri Lanka

How to Apply

Interested candidates who meet the required qualifications should submit their CVs via the Union Bank Job Portal on or before 20 August 2026.

Applicants should include names of two non-related referees and mention “Senior Manager – GL Reconciliation and Monitoring” in the subject line.

Important Notes

• Position available at Union Bank of Colombo PLC, Colombo District, Sri Lanka
• Candidates with banking and finance sector experience will be preferred
• Only shortlisted candidates will be contacted
• All applications will be treated with strict confidentiality
• Union Bank of Colombo PLC is an equal opportunity employer
• Job Category: Banking & Insurance, Accounting & Finance, Management, Private Jobs