What are the responsibilities and job description for the Bank Reconciliation Specialist position at Security Finance?
Description
Bank Reconciliation Specialist
Full-Time | Corporate Office
About Security Finance
Security Finance is a long-standing, stable leader in the consumer finance industry, serving customers across the United States for more than 60 years. We are committed to delivering exceptional service, investing in our communities, and helping our customers build stronger financial futures. If you are looking for a career with a company known for stability, growth, and promoting from within, this could be the perfect opportunity.
Step into a role where your attention to detail truly matters. In this position, you will keep our central bank accounts on track by monitoring activity, reconciling balances, and handling essential accounting work from posting and updates to routine audits. It is a steady, hands-on role that keeps the financial engine running smoothly and gives you room to grow your skills.
What You Will Do
- Reconcile select intercompany cash accounts.
- Reconciliation of assigned accounts with reconciliation software systems within daily and monthly deadlines.
- Communicate and maintain good rapport with banking contacts concerning reconciling issues, statement errors, branch customer service issues, check cashing issues, etc.
- Correspond with branch locations and supervisors regarding reconciling items, researching and resolving.
- Research of returned checks; corresponding with branch locations to reverse and resolve from customers’ accounts and clearing with bank transactions.
- Utilize current software and banking websites and perform due diligence on disbursement accounts outstanding checks for escheatment.
Will have primary responsibility for one or more of the below activities and provide backup support for others:
- Reconciliation of live check accounts, identifying fraudulent/counterfeit activity, correspo0nd with field personnel, bank contacts and legal team to resolve.
- Reconciliation of centralized bank accounts with reconciling software, identifying fraudulent activity and follow-up to prevent monetary losses.
- Reconciliation of stand-alone bank accounts within reconciling software, identifying fraudulent activity and follow-up to present monetary losses.
- Reconciliation of electronic payment transactions within reconciling software daily and monthly.
- Prepare, maintain, and compile excel spreadsheets for chargebacks, refunds, and credits.
- Prepare daily transactional book file postings for all electronic transactions and imports into General Ledger.
- Prepare monthly postings of ICA fees for all electronic transactions and imports into General Ledger.
- Compile debit card reports and provide to upper management monthly to analyze trends.
- Reconciliation of PFS ACH Dealers, both Cash and Clearing Accounts monthly.
- Reconciliation of Prepaid Debit Cards, both Cash and Clearing Accounts monthly.
- Monitor field location funding needs via Increase Cash Supply (ICS) and Decrease Cash Supply (DCS) request; generate ACH transactions via banking website and forward for final approval.
- Process and approve PFS ACH Dealers in Home Office for ACH payment.
- Verify completion of PFS ACH Request Verification Form and Complete ACH dealer setup as requested.
What You Need to Succeed
- High school diploma or equivalent
- 2 – 4 years relevant experience, specifically related to reconciliation work.
- Computer literate with strong Excel skills.
- Strong mathematic, problem solving, detail oriented, and customer service skills.
- Working knowledge of GAAP.
- Working knowledge of bank and general ledger account reconciliation.
- Ability to work as a member of a team in a fast-paced work environment.
Why You Will Love Working With Us
Security Finance offers a workplace built on stability, respect, and long-term opportunity. Many of our leaders grew their careers here, and we take pride in investing in our employees through training, development, and internal mobility.
- Long-term career growth
- Hands-on leadership
- Strong community presence
- High standards of customer care
- A supportive team environment
Benefits
- Medical, dental, vision, and life insurance
- Paid time off and paid holidays
- 401(k) with company match
- Employee assistance program
- Extensive training and professional development
- Opportunities for advancement throughout the company
Ready to Join Us?
If you are looking for a career with a company that values stability, professional growth, and a culture of support, we’d love to speak with you.
Apply today and take your next step with Security Finance!
This position is subject to a background check for any convictions directly related to its duties and responsibilities. Only job-related convictions will be evaluated and will not automatically disqualify the candidate.