What are the responsibilities and job description for the Senior Reconciliation Specialist position at Valley Bank?
At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.
At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well.
The Senior Reconciliation Specialist will be responsible for ensuring the accuracy and integrity of financial data through thorough reconciliation processes and plays a crucial role in ensuring the accuracy and integrity of financial transactions for General Ledger & Deposit Accounts.
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Responsibilities Include But Are Not Limited To
Required Skills
At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well.
The Senior Reconciliation Specialist will be responsible for ensuring the accuracy and integrity of financial data through thorough reconciliation processes and plays a crucial role in ensuring the accuracy and integrity of financial transactions for General Ledger & Deposit Accounts.
,
Responsibilities Include But Are Not Limited To
- Perform the regular reconciliations of complex financial transactions for general ledger and deposit accounts to identify discrepancies and ensure accuracy in financial reporting.
- Investigate and resolve discrepancies in a timely manner, collaborating with internal teams to gather necessary information and documentation.
- Prepare detailed reconciliation reports, summarizing findings and providing insights to management regarding trends and anomalies.
- Assist in the preparation of financial statements by ensuring all reconciled accounts are properly reflected in the financial records.
- Support internal and external audits by providing necessary documentation and explanations of reconciliation processes and findings.
- Mentor junior team members, providing guidance on reconciliation best practices and financial reporting.
- Develop and implement processes to streamline reconciliation procedures and enhance efficiency and accuracy.
Required Skills
- Proficient in financial analysis software and tools, with advanced Excel skills including pivot tables and VLOOKUP.
- Experience with financial databases and reporting systems.
- Excellent verbal and written communication. Ability to write correspondence and present information to peers and management.
- Excellent interpersonal & customer service skills, attentiveness, information retention, tact and diplomacy in dealing with peers.
- Strong analytical, problem solving, and decision-making skills to effectively uncover and resolve issues.
- Detail oriented, strong organizational skills, and high degree of accuracy. Ability to handle multiple projects simultaneously.
- High School Diploma/GED and a minimum of 5 years experience in Finance or Accounting.
- FIS/IBS (Integrated Banking Solutions) knowledge. Associate or bachelor's degree in a related field.