![First American Bank](https://wjm.s3.amazonaws.com/aarp/uploads/%26no_logo..jpg)
Reconciliation Manager
2 months ago
Reconciliation Manager - Hybrid/Remote
Org Structure : Job Posting Location
Riverside, IL - 15 Riverside Road
Category
Operations
Type
Regular Full-Time
Job Description
First American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and assets of $5+ billion. We are a community bank at heart with international expertise, traditional values, and a forward-looking philosophy. Our employees have the experience and vision to meet the needs of savers, borrowers, and businesses in the 21st century. First American Bank can offer employees a level of visibility, career growth, and stability that is difficult to find in many larger corporations.
This Reconciliation Manager oversees the overall management of the Reconciliation Department by providing leadership, support, and strategic direction. This individual is responsible for the planning, goal setting, and executing business objectives. In addition, directly managing the Reconciliation Assistant Manager and indirectly managing the Reconciliation Specialists.
DUTIES & RESPONSIBILITES
- Oversee the overall productivity of the Reconciliation Department, ensuring department standards, objectives, and obligations are completed according to policies, procedures, and regulatory requirements in an efficient manner. Lead initiatives for the Reconciliation Department to accomplish goals and objectives efficiently and effectively.
- Lead, mentor, and directly manage the Reconciliation Assistant Manager. Assist with employee hiring, training, staff development, scheduling, and direct assistance with coverage of daily workloads when needed. Monitor work standards and adherence to company policies.
- Proactively deliver feedback to the Reconciliation Assistant Manager to promote staff development. Provide guidance on performance evaluations and disciplinary actions.
- Manage and perform department audits to satisfy regulatory requirements. Develop and implement controls to resolve audit findings and update policies and procedures, as needed. Train staff on new processes to resolve audit findings.
- Identify and implement opportunities for operational efficiency to streamline processes. Utilize automation technologies to maximize departmental productivity.
- Research and resolve complex escalated customer inquiries by exercising judgement to assess and effectively manage all risks associated with complex issues. Collaborate with internal business units, as needed. Effectively communicate information and requirements to clients in a way that can be easily understood by individuals who are not in the business.
- Leverage industry awareness, knowledge of regulatory expectations, and expertise to interpret NACHA Operating Rules and guidelines and Federal Reserve and ACH regulations. Monitor effective dates of changes to regulations. Develop and implement action plans to maintain the bank in compliance.
- Serve as the Subject Matter Expert (SME) for changes to regulations, identifying the impact of the regulations on the bank and communicating changes to internal stakeholders. Develop, implement, analyze, and update procedures and policies for the department in accordance with FRB regulations.
- Ensure compliance by developing and delivering training sessions and materials to efficiently and comprehensively educate new and existing employees to mitigate risk for the bank and maximize departmental efficiency. Monitor effective dates of changes to regulations. Develop and implement action plans to maintain the bank in compliance.
- The incumbent must have a strong understanding of ACH NACHA rules and Regulations and Serve as a primary point of contact for all aspects of ACH. Responsible for reconciling of ACHs, Correspondent Banks, Unclaimed Property, Backup
- Withholding, IOTA/IOLTA, IBRETA, Reclamations, and Various Internal General Ledger Accounts Reconciliation.
- Maintain knowledge of all functions and processes performed in the department.
- Provide guidance with Collections, Cash Letter Adjustments, Positive Pay Balancing, Various Settlement Accounts Reconcilement, General Ledger Unposted Items, General Ledger Force Balance Account, Various ATM Accounts Reconcilements, Mutual Fund Account Balance Verification, Credit Card Payment Collections, Chargebacks, Outgoing Returns, Reclamations, Zelle Disputes Processing and any additional or new functions added to the department. Serve as a backup when needed.
- Participate in management meetings, First American Bank wide projects, trainings, and conferences pertinent to area of responsibility.
- Conduct and complete additional assignments/projects as designated by management.
QUALIFICATIONS
- High school diploma or equivalent required. Bachelor's degree preferred.
- Minimum five years of banking reconciliation required.
- Previous experience in management with a demonstrated ability to lead and coach is required.
- Possess superior organizational skills, proven multitasking ability, and analytical skills with high attention to detail and accuracy.
- Must be able to handle multiple tasks and work well under pressure with minimum supervision.
- Must be professional, comfortable speaking with external and internal contacts with a demonstrated ability to tailor the message appropriately to the audience and situation effectively.
- Demonstrated ability to convey thoughts and ideas effectively and succinctly via written formats, including emails, letters, and electronic platforms. Maintain professional standards relating to spelling and grammar.
- Maintain credibility through professional demeanor, appearance, and presence by modeling standards appropriate to our environment and industry.
- Maintain good working relationships with internal partners by exhibiting exemplary interpersonal skills, adopting a constructive, solutions focused approach.
- Use sound professional judgment to balance the interests of the organization and customer, understanding and using available resources to mitigate risks.
- Proficiency with Microsoft 365 products, Power Bi and applications, including the ability to effectively prepare or review documents, procedures, and reports.
- Demonstrate the ability to learn new systems and applications, as well as the ability to understand, adapt and adjust responsibilities/workflows as a result of system upgrades.
- Occasional travel to other First American Bank locations, Bank functions, and training facilities may be required.
- Typical schedule is Monday through Friday 8:00 a.m. to 5:00 p.m. Additional hours may be required depending upon business need.
- Punctuality is required to maintain First American Bank's customer service standards.
First American Bank is an Equal Opportunity Employer (Minorities/Females/Disabled/Veterans).
-
Lead Financial Accountant
6 days ago
Riverside, California, United States Bail Hotline Full timeAccounting Expert Role at Bail HotlineBail Hotline is actively seeking a proficient Accounting Expert to oversee Financial Operations, Inventory Management, Internal Controls, and Accounting for various entities. This position reports directly to the Controller and involves executing a range of financial responsibilities. Candidates with a robust Accounting...
-
Senior Accounting Specialist
6 days ago
Riverside, California, United States Tobias Solutions, LLC Full timeJob Overview As a vital member of the finance team, the Senior Accounting Specialist will report directly to the Controller, ensuring the integrity of financial documentation and oversight of the organization’s fiscal activities, including assets, liabilities, revenues, tax responsibilities, and related concerns. Qualifications Essential Qualifications:...
-
Financial Reporting Accountant
6 days ago
Riverside, California, United States Tobias Solutions, LLC Full timeJob Overview The Senior Accounting Specialist at Tobias Solutions, LLC is integral to ensuring the precision of financial documentation, thereby facilitating the oversight of the organization’s fiscal operations, which encompass assets, liabilities, earnings, tax responsibilities, and related financial matters. Qualifications Essential Qualifications:...
-
Accounting Operations Analyst
2 hours ago
Riverside, California, United States Tobias Solutions, LLC Full timeJob Overview The Senior Accounting Specialist at Tobias Solutions, LLC is essential in ensuring precise financial documentation to oversee the organization's fiscal activities, which encompass assets, liabilities, earnings, tax responsibilities, and related financial matters. Essential Qualifications Qualifications: Bachelor's degree in Accounting (BA or BS)...
-
Lead Financial Analyst
6 days ago
Riverside, California, United States County of Riverside Full timePosition OverviewThe Auditor-Controller's Office in Riverside County is on the lookout for a Lead Financial Analyst to join its Payroll Unit. This role offers the possibility of remote work depending on operational requirements, though occasional in-office attendance may be necessary. Please note that telework arrangements are subject to change based on...
-
JD Store Management
1 month ago
Riverside, California, United States Finish Line Full timeCome work for us We are looking for dedicated employees to join our team to help our customers have the best experience possible every time they enter a JD Finish Line store.Our employees are key to our success.Positions : JD Assistant Store Manager and JD SupervisorSummary:Store Management positions (Assistant Store Managers and Supervisors) will support...
-
Financial Accountant
5 days ago
Riverside, California, United States Bourns Full timePOSITION SUMMARY:Under minimal oversight, accountable for Bourns, Inc. Corporate accounting functions, including General Ledger management, specific Consolidated Financial Reporting, Forecasting, Financial Planning, and associated analysis. Also oversees the accounting and general ledgers of various smaller entities and divisions of Bourns, Inc. as...
-
Senior Bookkeeper for Established CPA Firm
5 days ago
Riverside, California, United States CPA Firm Full timeJob OverviewThis position offers over 30 hours per week in a professional environment.We provide a flexible schedule for both hours and days.Compensation ranges from $40 to $55 per hour, with medical insurance options available.A minimum of an AA or Bachelor's degree in accounting is essential, along with a robust understanding of accounting and bookkeeping...
-
Financial Operations Associate
6 days ago
Riverside, California, United States La Sierra University Full timePosition Overview:The incumbent will oversee the processing of accounts payable transactions.Key Responsibilities: - Execute the matching, batching, coding, and data entry of invoices. - Investigate and resolve discrepancies with vendors. - Conduct account reconciliations and perform additional tasks as directed by the Controller.Essential Duties: - Manage...
-
Healthcare Operations Supervisor
7 hours ago
Riverside, California, United States Savas Health Full timePosition Overview: Savas Health is dedicated to providing exceptional care through a collaborative approach involving various healthcare professionals. We are seeking a skilled individual to oversee the operational aspects of our clinical services.Key Responsibilities: - Enhance the quality of care delivered to patients by supporting all clinical services. -...
-
Financial Planning Analyst
6 days ago
Riverside, California, United States Riverside Community College District Full timePosition Overview:The Riverside Community College District is seeking a dedicated Budget Analyst to support the planning, coordination, and management of the District's financial resources. This role is pivotal in ensuring the effective allocation and utilization of budgetary funds.Key Responsibilities:Assist in the formulation and maintenance of the...
-
Financial Operations Analyst
5 days ago
Riverside, California, United States KYND International Full timePosition Title: Financial Analyst - Family MedicinePosition Overview:The Financial Analyst will play a crucial role in delivering financial and analytical support to the Family Medicine department at KYND International. This position involves collaboration with the Finance and Administrative Officer (FAO) to ensure the integrity of financial data and...
-
Registered Nurse Case Coordinator
1 hour ago
Riverside, California, United States Molina Healthcare Full timePosition OverviewThe Registered Nurse Case Coordinator plays a vital role in our healthcare delivery system, focusing on the management of care for our members within the California Health Plan. Candidates are expected to reside in California, specifically in regions such as Sacramento County, LA County, San Diego County, San Bernardino, or Riverside County....
-
Financial Operations Specialist
5 days ago
Riverside, California, United States SNQPA Richard Chow Full timeJob OverviewPosition Type: Temporary to PermanentAbout the Role:The Financial Operations Specialist plays a pivotal role in our financial processing activities. This position involves a diverse range of responsibilities across various departments, including processing, reconciling, associating, disbursing, and providing essential support. Effective...
-
Financial Transactions Specialist
22 hours ago
Riverside, California, United States Moss Bros. Auto Group Full timeJob OverviewWith a century of expertise, our dedication to both our workforce and clientele remains unwavering. Discover why we are among the largest, family-owned automotive groups in Southern California. The Moss family upholds a management style that emphasizes accessibility and a commitment to treating both customers and employees with the utmost respect...
-
Financial Operations Analyst
6 days ago
Riverside, California, United States Western Riverside Council of Governments Full timePOSITION SUMMARYThe Financial Operations Analyst plays a crucial role in the financial management of the Agency, executing a range of intricate accounting and financial analysis tasks under general supervision. This role involves collaboration with various departments, external organizations, and the public to ensure the quality of work and compliance with...
-
Financial Planning Analyst
22 hours ago
Riverside, California, United States Riverside Community College District Full timePosition Overview:As a Financial Planning Analyst, you will play a crucial role in the Riverside Community College District's financial operations. This position involves assisting in the formulation, coordination, and management of the District's budget, ensuring accurate financial analysis and reporting.Key Responsibilities:Support the Vice Chancellor,...
-
Financial Operations Specialist
5 hours ago
Riverside, California, United States Moss Bros. Auto Group Full timePosition OverviewWith a century of dedication, our focus on our workforce and clientele remains unwavering. Discover why we stand as one of the premier, locally-operated automotive groups in Southern California. The Moss family upholds a management style that emphasizes accessibility and transparency, ensuring that both customers and employees are treated...
-
Financial Planning Analyst
6 days ago
Riverside, California, United States Acord (association For Cooperative Operations Research And Development) Full timePosition Title: Budget Analyst (Finance) - DistrictDepartment: Finance (D)Position Type: Support Staff (Classified / Confidential)Employment Type: Full-TimePosition Length: 12-monthSalary Range: Grade OSalary Amount: $7,260 - $8,841Salary Type: MonthlyJob Overview:Under the supervision of the Vice Chancellor for Business & Financial Services, the Budget...
-
Financial Planning Analyst
6 days ago
Riverside, California, United States Acord (association For Cooperative Operations Research And Development) Full timePosition Title: Budget Analyst (Finance) - DistrictDepartment: Finance (D)Position Type: Support Staff (Classified / Confidential)Employment Type: Full-TimePosition Length: 12-monthSalary Range: Grade OSalary Amount: $7,260 - $8,841Salary Type: MonthlyJob Overview: Under the supervision of the Vice Chancellor, Business & Financial Services, the Budget...