Senior Reconciliation Specialist

4 weeks ago


Kansas City, Missouri, United States Commerce Bank Full time
About Commerce Bank

We're a company that's been around for over 155 years, and we're proud of our commitment to helping people find financial safety and success. Our culture is built on the idea that our people are our greatest asset, and we're always looking for talented individuals to join our team.

Job Summary

We're seeking a Senior Reconciliation Specialist to join our Wealth Operations team. As a key member of our team, you'll be responsible for executing reconciliation of complex accounting activities, including processes of multiple financial product offerings, General Ledger Accounts, and various banking activities.

Key Responsibilities
  • Perform daily, weekly, and monthly reconciliation responsibilities in a timely and accurate manner
  • Execute reconciliation of complex accounting activities, including processes of multiple financial product offerings, General Ledger Accounts, and various banking activities
  • Demonstrate strong understanding of all business lines you support and functional requirements for that area
  • Perform reconciliations on large Suspense Accounts with 3,000 plus items a day, which are monitored by the Assistant Controller of Commerce Bank
  • Ensure all aged items are researched and resolved in an effective and efficient manner according to the aged item parameters
  • Resolve extraordinarily complex reconciliation issues to limit financial liability and exposure to the organization
  • Ensure all reconciliation processes meet or exceed procedural requirements
  • Participate in projects to support future initiatives, such as implementing new and upgraded technologies to achieve established goals
  • Recommend ideas or approaches to enhance the reconciliations processes performed in the area
  • Represent line of business on projects acting as subject matter expert when appropriate
Requirements
  • Strong knowledge of banking products and services
  • Strong knowledge of complex accounting functions
  • Strong knowledge of EIB Workday Uploads, DFE Uploads, and other imports methods
  • Strong analytical and problem-solving skills to research and resolve discrepancies
  • Proven Ability to perform reconciliation effectively while assessed on timeliness, accuracy, and proactive resolution of outstanding expectations
  • Proven ability to utilize intermediate problem-solving techniques to research and resolve discrepancies
  • Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
  • Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
  • Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
  • Advance level proficiency with Microsoft Word, Excel, Teams, and Outlook
Education and Experience
  • Associate's degree required. Bachelor's degree in Accounting or equivalent combination of education and experience preferred.
  • 3+ years reconciliation experience required, preferably in financial services.
  • Experience in complex, high volume account reconciliation preferred.


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