Reconciliation Specialist

Job Title: Reconciliation Accountant

Reporting to: Director, Bank Portfolio Accounting

BM Technologies, Inc. (“BMTX” or the “Company”) is seeking a fully remote Reconciliation Accountant to be a member of the Bank Portfolio Reconciliation Team. You will perform a variety of reconciliations on bank activity to include but not limited to payment activity such as wires, ACH, and Debit Card. You will pull data and reports from various sources provided by the company’s core processing vendor, and external sources including the Federal Reserve.

You will partner with stakeholders across the Company in a dynamic and fast-paced environment to focus on the accuracy and timeliness in completing all required reconciliations as part of the daily and monthly deliverables for our portfolio customers and Partner Banks.

To be successful in this role you should possess the following abilities:

Responsibilities:

• Perform routine reconciliations.
• Prepare financial statements and reports.
• Prepare Income Statements and Balance Sheets.
• Create entries to the General Ledger
• Create queries and reports from the general ledger and other data sources
• Summarize and report work progress to superiors
• Work closely with Finance and Bank Operations teams to understand the client’s portfolio and fund structure as well as to ensure all required deliverables are complete. To do this, you will perform various types of reconciliations to ensure that data is accurate and client service expectations are met.
• You will participate in the documentation of processes and procedures relating to all applicable functions/processes within scope.
• You will communicate with the team during the production of the daily deliverables to ensure accurate and timely completion.
• You will participate in the production of month-end, quarter-end, and year-end deliverables to ensure accurate and timely completion.
• You will communicate with appropriate internal teams or client teams to resolve open issues and questions, reaching out to internal technology support and vendor support when necessary to resolve any production issues or system support queries.
• Review reconciling items/exceptions with Finance, clients, and various operational areas.
• Assist in developing reconciliations for new products or new Partner Bank relationships
• Report findings/discrepancies to applicable areas in accordance with timelines defined in Reconciliation policy and procedures
• Create, maintain, and report all monthly reconciliations in accordance with Reconciliation Policy (SOX)
• Identify settlement discrepancies and out of balance conditions through a variety of balancing techniques and reconciliation software applications
• Alert appropriate management levels, internal departments, and external third parties to all problems and out of balance conditions identified

Required Experience/ Qualifications:

BMTX will provide consideration for employment to qualified applicants without regard to their race, color, religion, national origin, sex/ gender, sexual orientation, gender identity, protected veteran status or disability.

• BA / BS in Accounting, Finance, Economics, Mathematics, or equivalent experience.
• 3+ years of experience in the Finance/Accounting industry. Knowledge of banking operations preferred.
• Intermediate skills in Microsoft Excel. (Annotations, concatenations, v-look up, formulas, macros)
• Experience with bank transactions including ACH, Wires, checks, debit cards and interchange
• Strong customer service skills as you will be communicating daily with your clients and other service providers.
• Provide Subject Matter Expertise on a range of reconciliations
• Ability to analyze issues quickly and independently and take appropriate action under tight time constraints.
• Strong knowledge of accounting regulations.
• Proficient in accounting software, knowledge of PeopleSoft and NetSuite is a plus.
• Strong analytical and problem-solving skills.

About BM Technologies, Inc. (BMTX):

BM Technologies, Inc. (NYSE: BMTX) is among the largest digital banking platforms in the U.S, providing access to checking and savings accounts, personal loans, and credit cards. It began trading on the NYSE American on January 6, 2021, under the ticker symbols “BMTX” and “BMTX.W.” BMTX’s mission is to make banking affordable, effortless, and financially empowering for the millions of Americans who need it the most – the underbanked, millennials and working-class Americans.

BMTX is the first digital banking platform in the U.S. to offer a completely fee-free banking experience and uses innovative mobile technology to make banking enjoyable and seamless. BMTX is also committed to making each of its customers feel financially empowered through education.

Through constant innovation, its white label/” Banking-as-a-Service” (BaaS) banking distribution model, and putting the customer experience above all else, BMTX is truly disrupting the banking space. Today, the BaaS platform is provided to colleges and universities and currently serves over two million account-holders and provides disbursement services at 722 campuses (covering one out of every three students in the U.S.). BMTX also offers its Workplace Banking platform, a financial wellness service that offers innovative banking products and a robust banking app. Additionally, BMTX recently announced the execution of an agreement with Google to introduce digital bank accounts, which will be available to its customers, and has also expanded its white-label strategy with T-Mobile for the launch of T-Mobile MONEY.

BM Technologies, Inc. (BMTX) is a technology company and is not a bank and provides banking services through its partner banks. BMTX, Inc. is a wholly owned subsidiary of BM Technologies, Inc. BankMobile accounts are powered by BMTX and provided by Customers Bank. Member FDIC - Equal Housing Lender - All Rights Reserved