Overview
A well-established organization in the insurance and financial services sector is seeking a Bank Reconciliation Specialist to join their Finance team. This role focuses on managing complex reconciliation processes to ensure the accuracy and integrity of financial records. The position supports month-end close activities, internal controls, and process optimization initiatives while ensuring compliance with regulatory standards and internal policies.
Responsibilities
- Perform complex bank, suspense, and system-to-general ledger reconciliations accurately and on time.
- Identify, investigate, and resolve reconciling items such as timing differences, errors, and unusual transactions.
- Support the development and enhancement of reconciliation processes, controls, and standard operating procedures to improve efficiency.
- Collaborate with Accounting, Finance, Operations, Treasury, and Technology teams to investigate discrepancies and ensure data integrity.
- Assist with period-end closing activities, including balance sheet substantiation, reporting, and audit support.
- Maintain detailed documentation of reconciliation procedures, controls, and process changes to ensure audit readiness and compliance.
- Contribute to process improvement initiatives and participate in system upgrades or implementations.
- Provide guidance and support to team members on complex reconciliation issues and best practices.
- Lead or support projects related to reconciliation automation, system testing, or operational enhancements.
Requirements
- Bachelor’s degree in Accounting, Finance, or a related field, or equivalent professional experience.
- Minimum of five years of relevant experience in bank reconciliation, cash accounting, or financial operations.
- In-depth knowledge of reconciliation procedures, general ledger systems, and financial controls.
- Strong analytical and problem-solving skills to efficiently identify, investigate, and resolve complex discrepancies.
- Excellent communication and collaboration skills to work effectively across departments.
- Experience supporting process improvements, system implementations, or transformation projects is highly advantageous.
- Ability to manage multiple priorities, meet deadlines, and work independently in a fast-paced environment.
Preferred Skills and Experience
- Bank Reconciliation
- Financial Analysis
- Accounting
- Internal Controls
- Process Improvement
- Financial Reporting
Compensation & Benefits
- Comprehensive benefits package starting from day one, including Medical, Dental, and Vision coverage.
- Wellbeing Reimbursement Accounts.
- Generous paid time off including vacation, holidays, and financial planning time off.
- Paid Parental Leave and Adoption Assistance Program.
- Competitive 401(k) savings plan with company matching and additional contributions.
- Supportive workplace environment promoting diversity and inclusion.
Location
This position is based in the United States. Specific location details are provided during the hiring process.