Reconcilement Analyst

Job Location US-SD-Sioux Falls
Type
Regular Full-Time

Overview

Monitor account activity for the Payment Solutions Demand Deposit Accounts and General Ledger systems to ensure accuracy, integrity and compliance with all audit procedures, processes and established controls.  Process and reconcile routine account issues.

Responsibilities

Essential Functions

  1. Balances assigned accounts on a regular basis in accordance with banking and departmental policies and procedures. Uses established departmental processes for reconcilement activities including enratry identification to balance the account, communication with designated department personnel regarding questionable entries, and follow-up to ensure entries are cleared in a timely manner within audit rules and regulations.
  2. Reviews accounts and verifies that the company has received funds to cover card loads for specific card programs. Identifies issues, investigates and researches problems and elevates issues beyond scope of authority.
  3. Verifies that MasterCard, Visa, Star, and Efunds debit the DDA accounts for the correct amount of settlement activity.
  4. Monitors processor provided reports to verify that the amount of cardholder fees and revenue are posted to the fee/Rev account correctly. Accounts for a variety of items such as cardholder fees, interchange revenue and fees, and miscellaneous network fees.
  5. Manages and communicates the clearing of all exception processing and corrections ensuring compliance with both internal and external audit policy requirements.
  6. Works closely with other members of the internal team including the client relationship manager of the assigned programs, the client, and/or the processor to resolve questions with the entries and follow up on outstanding items to ensure they are processed within established timelines.
  7. Monitors and analyzes account activity to ensure accurate processing systems and controls are in place that minimize accounting losses for assigned settlement and posting actions.
  8. Ensures accounts remain in compliance and outstanding items are resolved.
  9. Performs other duties as assigned.

Qualifications

Education/Experience Requirements

  • Associate degree in a related field or an equivalent combination of training and experience.
  • Two years related experience.

Preferred Requirements

  • Previous banking and/or finance experience preferred.
  • Good mathematical skills with attention to detail.
  • Excellent verbal, written, and interpersonal communication skills.
  • Team player able to work effectively in a team fostered, multi-tasking environment.
  • Excellent problem-solving skills with the ability to analyze processes.
  • Proficient in word processing and spreadsheet applications, e.g. MS Office, Outlook and Excel.

Employment with The Bancorp includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

 

The Bancorp is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

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