Reconciliation Lead

About Tata Consultancy Services

Tata Consultancy Services (TCS) is a global leader in IT services, consulting, and business solutions, accompanying large enterprises worldwide in their transformation journeys for over five decades. Boasting a consulting-led, cognitive-powered integrated portfolio across business, technology, and engineering, TCS employs over 616,000 consultants from 157 nationalities across 53 countries. It is part of the Tata group, India's largest multinational conglomerate.

Role Overview

We are seeking a Reconciliation Lead based in Riyadh, Saudi Arabia. This role involves managing and executing daily, weekly, and monthly reconciliations, analyzing complex mismatches between systems, conducting root cause analysis, and leading efforts to address exceptions. The role demands close collaboration with internal and external stakeholders and vendors, focusing on accuracy, timely reporting, and process improvement within banking financial operations.

Key Responsibilities

• Complete reconciliations across multiple timelines (daily, weekly, monthly).
• Conduct detailed analysis of reconciliation results, particularly complex breaks between systems and accounts.
• Lead root cause investigations to resolve discrepancies and exceptions.
• Track trends and exception aging, ensuring accurate data entry.
• Communicate findings via break reports to internal teams and external partners, and monitor resolution progress.
• Prepare regular status reports outlining reconciliation activities and issues.
• Contribute to operational need assessments and recommend solutions.
• Execute all reconciliation tasks efficiently, with high attention to detail and adherence to deadlines.
• Identify and implement opportunities to enhance processes and improve operational efficiency.
• Liaise with vendors and stakeholders across the bank to resolve discrepancies.

Required Skills and Experience

• Thorough understanding and experience with banking products regulations covering retail, personal, and wealth segments.
• Proficient in general ledger reconciliations across various areas, including branches, ATMs, cards, deposits, loans, cash, bank accounts, vaults, accounts receivable and payable, clearing, settlement, suspense accounts, and payment systems.
• Experience handling intersystem reconciliations, especially GL versus sub-ledger comparisons.
• Knowledge of intercompany, intergroup, and interbranch reconciliation processes.
• Strong accounting background with capability in journal entry recording and comprehending financial implications.
• Familiarity with GL reconciliation software tools is advantageous.
• Intermediate to advanced proficiency in Microsoft Excel.

Application Deadline

Applications are accepted until 30th August 2026.

Additional Information

All activities must be performed onsite in Riyadh, Saudi Arabia. This is a full-time employment opportunity.

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