Home > Salary > New Zealand > 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: 68,001 NZD
Estimated Monthly Salary: 5,667 NZD
Estimated Weekly Salary: 1,308 NZD per week
Estimated Hourly Salary: 33 NZD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,458 NZD
Estimated Weekly Salary: 1,260 NZD per week
Estimated Hourly Salary: 31 NZD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 33,821 USD
Estimated Monthly Salary: 2,818 USD
Estimated Weekly Salary: 650 USD per week
Estimated Hourly Salary: 16 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: 68,001 NZD
Estimated Monthly Salary: 5,667 NZD
Estimated Weekly Salary: 1,308 NZD per week
Estimated Hourly Salary: 33 NZD per hour
By working as Bank Reconciliation Specialist a person can save up to 880 USD per month or 10,560 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 New Zealand, see costs of living in New Zealand.
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 New Zealand
Average Yearly Salary of Bank Reconciliation Specialist in New Zealand is approximately 68,001 NZD (33,821 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: 68,001 NZD
Estimated Monthly Salary: 5,667 NZD
Estimated Weekly Salary: 1,308 NZD per week
Estimated Hourly Salary: 33 NZD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 65,498 NZDEstimated Monthly Salary: 5,458 NZD
Estimated Weekly Salary: 1,260 NZD per week
Estimated Hourly Salary: 31 NZD 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: 33,821 USD
Estimated Monthly Salary: 2,818 USD
Estimated Weekly Salary: 650 USD per week
Estimated Hourly Salary: 16 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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Country:
Salary comparison to National average
New Zealand, a beautiful island country in the southwestern Pacific Ocean, is known for its stunning landscapes, diverse wildlife, and vibrant Maori culture. With a population of around 5 million people, it is sparsely populated compared to its size. The country covers an area of approximately 268,000 square kilometers and consists of two main islands, the North Island and the South Island, along with numerous smaller islands.
Estimated national average yearly salary is 80,807 NZD (48,460 USD). Value indicated is pre-tax. Below graph shows estimated Bank Reconciliation Specialist job salary compared to average salary in New Zealand.
Comparison shows that a person working as Bank Reconciliation Specialist in New Zealand earns on average:
0.84 times the average salary (or 84% of average salary).
Estimated national average yearly salary is 80,807 NZD (48,460 USD). Value indicated is pre-tax. Below graph shows estimated Bank Reconciliation Specialist job salary compared to average salary in New Zealand.
Comparison shows that a person working as Bank Reconciliation Specialist in New Zealand earns on average:
0.84 times the average salary (or 84% of average salary).
Is Bank Reconciliation Specialist a well paid job?
Yes, our data show that Bank Reconciliation Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Bank Reconciliation Specialist?
High salary for Bank Reconciliation Specialist would be somewhere between 74,801 NZD and 98,601 NZD. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Reconciliation Specialist in New Zealand?
Living in New Zealand the approximate monthly expenses are: 1,938 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: 68,001 NZD
Estimated Monthly Salary: 5,667 NZD
Estimated Weekly Salary: 1,308 NZD per week
Estimated Hourly Salary: 33 NZD per hour
By working as Bank Reconciliation Specialist a person can save up to 880 USD per month or 10,560 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 New Zealand, see costs of living in New Zealand.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Australia, Fiji, New Caledonia, Tonga, Samoa. 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
Australia is 42,325 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 New Zealand
(1,008,623 NZD per year, pre-tax.)
2. Cardiologist
(843,890 NZD per year, pre-tax.)
(810,735 NZD per year, pre-tax.)
(786,864 NZD per year, pre-tax.)
5. Neurosurgeon
(786,039 NZD per year, pre-tax.)
(769,764 NZD per year, pre-tax.)
7. Oncologist
(768,008 NZD per year, pre-tax.)
(767,682 NZD per year, pre-tax.)
(767,202 NZD per year, pre-tax.)
(766,991 NZD per year, pre-tax.)
Data as of 2025Random salary:
Electronics technician (64,646 NZD per year, pre-tax.)
Radiology imaging center supervisor (136,009 NZD per year, pre-tax.)
Air conditioning servicer (69,724 NZD per year, pre-tax.)
Management consultant (167,972 NZD per year, pre-tax.)
Facilities service technician (61,414 NZD per year, pre-tax.)
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