Home > Salary > Lebanon > 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: 94,925,002 LBP
Estimated Monthly Salary: 7,910,417 LBP
Estimated Weekly Salary: 1,825,481 LBP per week
Estimated Hourly Salary: 45,637 LBP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,642,263 LBP
Estimated Weekly Salary: 1,763,599 LBP per week
Estimated Hourly Salary: 44,090 LBP per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 5,787 USD
Estimated Monthly Salary: 482 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 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: 94,925,002 LBP
Estimated Monthly Salary: 7,910,417 LBP
Estimated Weekly Salary: 1,825,481 LBP per week
Estimated Hourly Salary: 45,637 LBP per hour
By working as Bank Reconciliation Specialist a person can save up to 150 USD per month or 1,803 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 Lebanon, see costs of living in Lebanon.
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 Lebanon
Average Yearly Salary of Bank Reconciliation Specialist in Lebanon is approximately 94,925,002 LBP (5,787 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: 94,925,002 LBP
Estimated Monthly Salary: 7,910,417 LBP
Estimated Weekly Salary: 1,825,481 LBP per week
Estimated Hourly Salary: 45,637 LBP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 91,707,150 LBPEstimated Monthly Salary: 7,642,263 LBP
Estimated Weekly Salary: 1,763,599 LBP per week
Estimated Hourly Salary: 44,090 LBP per hour
Last revision of data: 2024-01-03Bank Reconciliation Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,787 USD
Estimated Monthly Salary: 482 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 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
Compare salary to other countries
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Country:
Salary comparison to National average
Lebanon is a small country located in the Middle East on the eastern shore of the Mediterranean Sea. It has a diverse population of approximately 6 million people. The country covers an area of around 10,452 square kilometers, making it one of the smallest countries in the region.
Estimated national average yearly salary is 124,500,000 LBP (8,300 USD). Value indicated is pre-tax. Below graph shows estimated Bank Reconciliation Specialist job salary compared to average salary in Lebanon.
Comparison shows that a person working as Bank Reconciliation Specialist in Lebanon earns on average:
0.76 times the average salary (or 76% of average salary).
Estimated national average yearly salary is 124,500,000 LBP (8,300 USD). Value indicated is pre-tax. Below graph shows estimated Bank Reconciliation Specialist job salary compared to average salary in Lebanon.
Comparison shows that a person working as Bank Reconciliation Specialist in Lebanon earns on average:
0.76 times the average salary (or 76% 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 104,417,502 LBP and 137,641,253 LBP. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Reconciliation Specialist in Lebanon?
Living in Lebanon the approximate monthly expenses are: 332 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: 94,925,002 LBP
Estimated Monthly Salary: 7,910,417 LBP
Estimated Weekly Salary: 1,825,481 LBP per week
Estimated Hourly Salary: 45,637 LBP per hour
By working as Bank Reconciliation Specialist a person can save up to 150 USD per month or 1,803 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 Lebanon, see costs of living in Lebanon.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Syria, Israel, Cyprus, Jordan. 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
Syria is 2,557 USD
Israel is 38,252 USD
Jordan is 6,670 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 Lebanon
(1,417,299,855 LBP per year, pre-tax.)
2. Cardiologist
(1,175,197,006 LBP per year, pre-tax.)
(1,136,102,693 LBP per year, pre-tax.)
4. Neurosurgeon
(1,108,071,776 LBP per year, pre-tax.)
(1,103,346,164 LBP per year, pre-tax.)
6. Urologist
(1,079,234,675 LBP per year, pre-tax.)
(1,078,809,332 LBP per year, pre-tax.)
(1,078,388,733 LBP per year, pre-tax.)
(1,074,144,669 LBP per year, pre-tax.)
(1,072,787,021 LBP per year, pre-tax.)
Data as of 2025Random salary:
City-planning engineer (199,253,359 LBP per year, pre-tax.)
Chief procurement officer (458,552,100 LBP per year, pre-tax.)
Hospice nursing director (152,911,398 LBP per year, pre-tax.)
Warehouse sorter (60,504,510 LBP per year, pre-tax.)
Environmental project manager (138,610,332 LBP per year, pre-tax.)
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