job description
At Metropolitan Bank and Trust Company (Metrobank), we believe that a meaningful life is within your reach. As one of the country's premier financial institutions, we are committed to providing exceptional service to our clients while fostering a collaborative, growth-oriented environment for our professionals.
We are currently seeking a highly detailed and dedicated Clearing Officer to join our dynamic operations team in Metro Manila. In this pivotal role, you will be responsible for overseeing the daily clearing activities of the bank, ensuring that all check transactions, electronic fund transfers (such as PESONet and InstaPay), and clearing balances are processed with absolute accuracy, speed, and in strict compliance with central bank regulations.
The ideal candidate possesses strong analytical skills, a deep understanding of banking clearing systems, and a commitment to operational excellence. By joining Metrobank, you will have the opportunity to elevate your career, work alongside industry experts, and enjoy competitive compensation, comprehensive health benefits, and continuous professional development opportunities.
Responsibility
- Oversee and execute daily clearing and settlement operations for inward and outward checks in accordance with Philippine Clearing House Corporation (PCHC) rules.
- Monitor, verify, and reconcile electronic fund transfers, including PESONet and InstaPay transactions, ensuring swift resolution of any discrepancies.
- Reconcile clearing GL accounts daily, ensuring all outstanding items are investigated, documented, and cleared within set deadlines.
- Verify signatures, endorsements, and check technicalities to mitigate fraud and ensure high-security standards for all bank transactions.
- Prepare and submit accurate clearing-related reports to management, internal auditors, and regulatory bodies (such as the Bangko Sentral ng Pilipinas).
- Collaborate closely with internal branches, clearing houses, and partner financial institutions to resolve clearing-related issues and disputes.
- Implement and champion process improvements within the clearing department to enhance operational efficiency and reduce processing times.
Qualifications
- Bachelor's degree in Business Administration, Finance, Accounting, Banking, or a related field.
- Minimum of 2 to 4 years of solid experience in bank operations, specifically in clearing and settlement processes.
- In-depth knowledge of local clearing rules, regulations, and systems (such as PCHC, Check Image Clearing System or CICS, and BSP clearing guidelines).
- Strong analytical mindset with exceptional attention to detail and high accuracy in data verification and numerical tasks.
- Proficiency in standard banking software, databases, and Microsoft Office Suite (especially MS Excel).
- Excellent communication and interpersonal skills to collaborate effectively with internal branches and external clearing partners.
- Ability to perform under pressure, meet tight clearing deadlines, and adapt to changing operational requirements.