Funds Management Specialist (Cash Reconciliation).

About the role

Provides effective quality assurance, surveillance, and financial analysis to ensure the accuracy of bank and general ledger balances. Performs and verifies accuracy of cash clearing and reconciling tasks using double-entry accrual accounting methods. Researches, analyzes, and processes information from base cash reports, servicing bank/merchant provider reports, electronic submission forms and from semi-automated retail sales systems. Identifies and traces discrepancies and errors and ensures completeness and accuracy of data using data analysis, tools and auditing techniques. Inspects cash transactions, systematically records, and posts entries to the general ledger accurately. Uses expert knowledge of the overall accounting system from initiation through expenditure/disbursement stages, and performs cash forecasting and related tasks to detect errors and interpret discrepancies. Reviews and reconciles operational expenses incurred by activities/merchant accounts and assigns charges appropriately. Processes cash reconciliation functions independently at the full performance level. Audits and certifies all base cash-in-bank, credit card and gift card end of month balances by reviewing, examining and analyzing supporting documents prepared by accounting technicians. Collects and prepares supporting information from the base cash balances and other software applications in coordination with other directorates' personnel concerning banking, cash operations, accounts payable, retirement funds, investments and other centrally funded programs. Maintains the cash control summary report for all AF funds. Trains new employees on the financial accounting software cash management system and other cash reconciling tools and reports. Responds to inquiries from the field regarding all facets of cash reconciliation, traces discrepancies to source documents, and accomplishes appropriate corrective actions.

Requirements

• Conditions of employment:
  • Completion of a background investigation with favorable results.
  • U.S. Citizen or a Legal U.S. Resident for a minimum of 3 years.
  • May require official travel within the United States and overseas as required.
  • May require obtaining a passport for official travel.
• Experience and training with accounting auditing, financial analysis, and bank reconciliation, cash balancing and forecasting.
• Experience with word processing, spreadsheets, and similar applications.
• Progressive experience with reconciling general ledger journal entries and cash receipts/disbursements using bank statements and point-of-sale systems.
• Experience with interrelations of general ledger accounts and effects of debit and credit transactions on cash reconciliation.
• Experience with financial analysis practices and procedures and e-business commercial accounting systems.
• Associates degree in accounting, business, finance, economics, statistics, or related field.

Knowledge, Skills and Abilities

• Knowledge of the interrelationship of accounts and the effects of debit and credit transactions on the overall system of general ledgers.
• Ability to analyze complex cash reconciliation/banking relationships involving cash deposits, check and electronic fund disbursements and inter/intra bank fund transfers.
• Knowledge of the relationship between the general ledgers and subsidiary accounts and extensive subdivision of accounts.
• Experience that has provided the skills and knowledge needed to manage an entire accounting cycle to include reconciliation of subsidiary accounts and cash flow projections and analysis.
• Ability to motivate, train and mentor a team with a wide variety of backgrounds and training.