Bank Reconciliation Specialist salary in Kenya

Average Yearly Salary of Bank Reconciliation Specialist in Kenya is approximately 662,933 KES (4,209 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

How much does Bank Reconciliation Specialist make?

Difference in salary year over year or average salary increase is approximately 3 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

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 729,226 KES and 961,253 KES. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Reconciliation Specialist in Kenya?

Living in Kenya the approximate monthly expenses are: 240 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: 662,933 KES
Estimated Monthly Salary: 55,244 KES
Estimated Weekly Salary: 12,749 KES per week
Estimated Hourly Salary: 319 KES per hour
By working as Bank Reconciliation Specialist a person can save up to 111 USD per month or 1,329 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 Kenya, see costs of living in Kenya.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ethiopia, Somalia, South Sudan, Tanzania, Uganda..
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

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Kenya

Data as of 2025

Random salary:
Technical support director (1,918,706 KES per year, pre-tax.)
Senior software engineering development director (2,189,677 KES per year, pre-tax.)
Manager product lifecycle (1,674,010 KES per year, pre-tax.)
Commercial architect (1,539,710 KES per year, pre-tax.)
Purchasing supervisor (930,386 KES per year, pre-tax.)

Feedback about these results