Depository Reconciliations Lead

Responsibilities

• Manage the day to day banking operations activities for the Treasury Management Division, as well as maintain a smooth workflow to ensure deadlines are met.
• Maintain the State Treasurer’s General Deposit Reconciliation System to include monitoring the posting of State deposits to assure compliance with tolerable variances and assisting in developing enhancements to the State Treasurer’s General Deposit Reconciliation System.
• Manage the day-to-day activities of the banking operations section related to Depository Accounts.
• Provide for deposit of funds for other divisions, State agencies and the cash desk/banking team as necessary.
• Coordinate the preparation of the reconciliation of all the State's consolidated commercial General Depository Bank accounts to the records of SCEIS.
• Research situations when files are out of balance; using analytical skills and ensuring corrective action is taken.
• Ensure that assigned reconciliations are performed in the most efficient manner possible, procedures are appropriately documented, and team members are appropriately cross trained.
• Establish and update processes that leverage technology, maximize efficiency and protect the audit trail of all bank and general ledger activity.
• Ensure procedures are properly documented and team members are appropriately cross trained.
• Manage the research of unclaimed deposits, utilizing banking reports and search tools while coordinating with agencies and documenting results.
• Research ACH activity and work with bank contacts to aid in research.
• Post bank adjustments for assigned bank reconciliations.
• Provide backup support for posting bank account funding journal entries, cash management entries, and returned check entries.
• Work collaboratively with all team members and continuously develop and maintain productive working relationships within the State Treasurer’s Office, other state agencies and banking partners.
• Fully commit to all assigned training requirements and strive to meet the goals and objectives of the assignment.
• Cross training within this unit will be emphasized such that redundancies exist, and all accounts are covered at all times.
• Special Projects as assigned, to include but not limited to the MID Merchant Card services, creation of the new Depository Banks related GL structures, new CRA accounts, and Digital Conversion Services.

Requirements

• Minimum Qualifications:
  • A Bachelor's degree in accounting, finance or a business related field and three years of progressively responsible fiscal experience; or
  • An Associate's degree in accounting, finance or a business related field and five years progressively responsible fiscal experience; or
  • A high school diploma and seven years of progressively responsible fiscal experience.
  • Banking and finance experience required.
  • Candidates must specifically meet the Agency Minimum Requirements or an equivalent combination of education and experience to be considered for this