Financial Analysis

Job Description:

• Reconciliation by business level to ensure all financial adjustments received from the networks and suspense items are reflected within the acquirer inventories.
• Responsibilities include reviewing mainframe reports, DGAMS, FSAMS, and multiple Excel workbooks to ensure accuracy of entries on the recons as well as to research and identify discrepancies which require manual resolution.
• Core Report Downloads
• Pulling core reports from the mainframe and capturing totals for settlement, fees, adjustments, etc. based on a defined set of search criteria as needed to help with daily balancing.
• It would be best if the individual is available in the mornings since the majority of the core report research is to help support the balancing once network settlement is received to be able to publish and complete gateway wires as early as possible. The ideal person would be familiar with debit networks and have a high-level understanding of financial / bank account reconciliation. Key skillsets would be knowledge on navigating mainframe systems and proficiency in Excel including formulas and ability to self-guide through research based on an Excel mapping template.
• This is a traditional job description we would use.

Job Purpose
In this role you will assist in ensuring accurate account reconciliation and identifying discrepancies through the analysis of transactions made on different card networks, such as debit cards, fees, and chargebacks. This position leverages methodical precision to examine bank statements, general ledgers, and other financial data to evaluate discrepancies and escalate issues, as needed. An individual in this role is expected to seek opportunities for process enhancements, collaborate with cross-functional teams to implement solutions, and assist in creating procedures for new business, as needed.

Responsibilities
You will be tasked with completing the following:

• Monitor and perform daily reconciliations and analysis of bank data for Wire and ACH settlements, identifying and resolving discrepancies as needed
• Work internally to process correcting entries to clients using automated tools as well as manual adjustments
• Accurately provide daily cash projections and report funding position changes to Treasury throughout the day
• Collaborate with peers and management for issue remediation and report escalation
• Maintain accurate record of any reconciliation-related issues
• Basic Qualifications for Consideration

What you will need to have:

• Ability to analyze and interpret data
• Comfortable in dynamic environments, able to adjust to changing priorities
• Proficient in reconciling financial records, identifying discrepancies, and ensuring accuracy
• Familiarity with accounting principles, bank statements, and transaction matching
• Proactive approach to problem-solving, anticipating challenges, and planning ahead
• Effective verbal and written communicator with excellent interpersonal skills, able to work with cross-functional teams

Preferred Skills, Experience, and Education

• Display critical thinking to identify and resolve issues timely and effectively
• Proficient situation and time management capabilities in high pressure situations
• Proficient with Microsoft Office 365