Bank Reconciliation Specialist

About the Role

A Bank Reconciliation Specialist ensures the accuracy and integrity of financial records by comparing and analyzing bank statements with internal records. This role involves identifying discrepancies, investigating and resolving variances, and ensuring timely and accurate reconciliation of accounts. The specialist maintains financial accuracy and compliance, aids in preparing financial reports, and collaborates with various departments for seamless financial operations.

Schedule

Hybrid role requiring onsite presence on Tuesdays and Wednesdays. Duration: 26 weeks (6 months) to start.

Responsibilities

• Review and reconcile corporate bank statements with internal financial records.
• Utilize the Cash Management module within Infor to match transactions between the GL and bank.
• Extract, analyze, and validate data from Infor Query.
• Collaborate with IT and Infor system administrators to resolve system posting issues, workflow failures, or interface issues.
• Use Infor Cash Management (CM) to track cash activity, verify cash ledger postings, and troubleshoot mismatched transactions.
• Prepare daily, weekly, and monthly reconciliation reports.
• Collaborate with accounting teams to ensure financial accuracy.
• Maintain accurate records of transactions and reconciliations.
• Assist in internal and external audits related to bank reconciliations.
• Ensure compliance with company policies and accounting standards.
• Update and improve reconciliation processes.
• Respond to inquiries and support other departments regarding bank transactions and reconciliations.

Requirements

• Bachelor's degree in Accounting, Finance, or related field.
• Proven experience in bank reconciliation or a similar accounting role.
• Strong understanding of accounting principles and practices.
• Experience with Microsoft Office Suite and Infor accounting software, including daily use of the GL, Cash Management, and AP modules.
• High level of accuracy and attention to detail.
• Effective communication skills, both written and verbal.
• Ability to work independently and as part of a team.
• Strong organizational and time management skills.
• Ability to handle sensitive information with confidentiality.
• Experience with general ledger functions and the month-end/year-end close process.
• Experience in providing training and support to team members.
• Strong work ethic and professional integrity.

Ideal Candidate

The ideal candidate will have a Bachelor's degree in Accounting, Finance, or a related field, with proven experience in bank reconciliation or a similar role. They will demonstrate proficiency in Infor accounting software and Microsoft Office Suite, particularly Excel. The candidate should be proactive in identifying process improvements, adaptable to new software, and capable of providing training and support to team members.