Sample interview questions: How do you ensure accurate and timely reconciliation of treasury transactions and accounts?
Sample answer:
Establishing a Robust Reconciliation Process:
- Implement clear reconciliation policies and procedures with well-defined roles and responsibilities.
- Automating reconciliation processes through technology to improve efficiency and accuracy.
- Establishing cut-off times and deadlines for transaction reconciliation to ensure timely processing.
Data Management and Reporting:
- Maintaining a central repository for all treasury transaction data to facilitate easy access and analysis.
- Using data validation tools to ensure the integrity and accuracy of data before reconciliation.
- Generating regular reconciliation reports to identify and promptly resolve any discrepancies.
Collaboration and Communication:
- Foster collaboration with internal stakeholders (e.g., accounting, operations) to ensure timely access to necessary data and support.
- Implementing a communication protocol to keep stakeholders informed about reconciliation progress and any identified issues.
Continuous Improv… Read full answer