Home > Salary > Egypt > Bank Reconciliation Specialist
A bank reconciliation specialist is responsible for ensuring the accuracy and integrity of financial transactions between a company's bank accounts and its internal records. They meticulously compare and analyze bank statements, general ledger entries, and other financial documents to identify discrepancies or errors. Their primary objective is to reconcile any differences and ensure that all transactions are properly recorded.
The specialist also investigates and resolves any outstanding issues related to bank transactions, such as missing deposits or unauthorized withdrawals. They communicate with banks and internal departments to gather necessary information, clarify discrepancies, and implement corrective actions. Additionally, they may assist in developing and implementing internal controls and procedures to prevent future discrepancies.
Estimated Yearly Salary: 94,795 EGP
Estimated Monthly Salary: 7,900 EGP
Estimated Weekly Salary: 1,823 EGP per week
Estimated Hourly Salary: 46 EGP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,620 EGP
Estimated Weekly Salary: 1,759 EGP per week
Estimated Hourly Salary: 44 EGP per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 2,864 USD
Estimated Monthly Salary: 239 USD
Estimated Weekly Salary: 55 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 94,795 EGP
Estimated Monthly Salary: 7,900 EGP
Estimated Weekly Salary: 1,823 EGP per week
Estimated Hourly Salary: 46 EGP per hour
By working as Bank Reconciliation Specialist a person can save up to 75 USD per month or 896 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Egypt, see costs of living in Egypt.
Estimated Yearly Salary for Bank Reconciliation Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Bank Reconciliation Specialist salary in Egypt
Average Yearly Salary of Bank Reconciliation Specialist in Egypt is approximately 94,795 EGP (2,864 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Bank Reconciliation Specialist do?
A bank reconciliation specialist is responsible for ensuring the accuracy and integrity of financial transactions between a company's bank accounts and its internal records. They meticulously compare and analyze bank statements, general ledger entries, and other financial documents to identify discrepancies or errors. Their primary objective is to reconcile any differences and ensure that all transactions are properly recorded.
The specialist also investigates and resolves any outstanding issues related to bank transactions, such as missing deposits or unauthorized withdrawals. They communicate with banks and internal departments to gather necessary information, clarify discrepancies, and implement corrective actions. Additionally, they may assist in developing and implementing internal controls and procedures to prevent future discrepancies.
Skills: Bank reconciliation, Financial analysis, Accounting, Financial transactions, Error detection, Problem-solving
Job industry: Finance
Job industry: Finance
How much does Bank Reconciliation Specialist make?
Salary details
How much does Bank Reconciliation Specialist make?Estimated Yearly Salary: 94,795 EGP
Estimated Monthly Salary: 7,900 EGP
Estimated Weekly Salary: 1,823 EGP per week
Estimated Hourly Salary: 46 EGP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 91,443 EGPEstimated Monthly Salary: 7,620 EGP
Estimated Weekly Salary: 1,759 EGP per week
Estimated Hourly Salary: 44 EGP per hour
Last revision of data: 2024-01-06Bank Reconciliation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 2,864 USD
Estimated Monthly Salary: 239 USD
Estimated Weekly Salary: 55 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Egypt is a country located in northeastern Africa. It is bordered by the Mediterranean Sea to the north, Sudan to the south, Libya to the west, and Israel and the Red Sea to the east. With a population of over 100 million people, Egypt is the most populous country in the Arab world and the third most populous in Africa. The country covers an area of approximately 1,001,450 square kilometers, making it the 30th largest country in the world.
Estimated national average yearly salary is 125,870 EGP (4,100 USD). Value indicated is pre-tax. Below graph shows estimated Bank Reconciliation Specialist job salary compared to average salary in Egypt.
Comparison shows that a person working as Bank Reconciliation Specialist in Egypt earns on average:
0.75 times the average salary (or 75% of average salary).
Estimated national average yearly salary is 125,870 EGP (4,100 USD). Value indicated is pre-tax. Below graph shows estimated Bank Reconciliation Specialist job salary compared to average salary in Egypt.
Comparison shows that a person working as Bank Reconciliation Specialist in Egypt earns on average:
0.75 times the average salary (or 75% of average salary).
Is Bank Reconciliation Specialist a well paid job?
No, our data shows that Bank Reconciliation Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Bank Reconciliation Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Bank Reconciliation Specialist?
High salary for Bank Reconciliation Specialist would be somewhere between 104,275 EGP and 137,453 EGP. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Reconciliation Specialist in Egypt?
Living in Egypt the approximate monthly expenses are: 164 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 94,795 EGP
Estimated Monthly Salary: 7,900 EGP
Estimated Weekly Salary: 1,823 EGP per week
Estimated Hourly Salary: 46 EGP per hour
By working as Bank Reconciliation Specialist a person can save up to 75 USD per month or 896 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Egypt, see costs of living in Egypt.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sudan, Libya, Israel, Palestine, Jordan, Saudi Arabia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Bank Reconciliation Specialist
Sudan is 534 USD
Israel is 38,252 USD
Jordan is 6,670 USD
Saudi Arabia is 19,327 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Egypt
(1,412,052 EGP per year, pre-tax.)
2. Cardiologist
(1,175,406 EGP per year, pre-tax.)
(1,134,944 EGP per year, pre-tax.)
4. Neurosurgeon
(1,099,654 EGP per year, pre-tax.)
(1,099,601 EGP per year, pre-tax.)
6. Oncologist
(1,077,110 EGP per year, pre-tax.)
(1,074,437 EGP per year, pre-tax.)
(1,074,313 EGP per year, pre-tax.)
(1,072,829 EGP per year, pre-tax.)
(1,071,663 EGP per year, pre-tax.)
Data as of 2025Random salary:
Product manager banking (238,903 EGP per year, pre-tax.)
Quality control assistant (59,159 EGP per year, pre-tax.)
Underwriter personal lines (115,800 EGP per year, pre-tax.)
Sql server (206,481 EGP per year, pre-tax.)
It coordinator (132,564 EGP per year, pre-tax.)
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