What are the responsibilities and job description for the Reconcilement Clerk I position at Community Trust Bank?
JOB RESPONSIBILITIES
- Prepares and monitors daily and monthly reconcilements of various general ledger balance sheet accounts (assets and liabilities), deposit and loan applications, on us demand deposit accounts, correspondent bank accounts for Community Trust Bank to ensure accounting system reflects the correct transactions.
- Prepares and monitors daily reconcilements of Accounts Payable accounts, Cashier Checks, Interest Checks, Club Checks, Escrow Disbursements and Loan Payoff Refunds.
- Prepares and monitors daily teller cash and cash in transit reconcilements for all branches, reviewing each teller, to ensure the accounting system reflects the correct transactions.
- Understand General Ledgers & Subledgers and how they interface to help identify discrepancies.
- Understand transaction codes for Loans and Deposits and how they interface.
- Understand ticket transactions and how they balance and effect customer/bank accounts and General Ledgers
- Research, identify and report discrepancies and problems found in balancing reports listing appropriate action to correct.
- Coordinate and communicate any issues discovered in balancing to appropriate personnel within the organization.
- Monitor Cash Advances for all branches looking for discrepancies daily and complete monthly reconcilement.
- Assist branch and/or other departments in how to complete corrections for out of balance transactions either with tickets or with PeopleSoft.
- Complete general ledger entries to make corrections to accounts.
- Follow-up to ensure outages have been corrected and general ledgers are back in balance.
- Support Month End Close process.
- Appropriate handling of sensitive information.
- Ensure all actions performed are in compliance with government regulations and organizational policies and procedures.
SKILLS/KNOWLEDGE AND ABILITIES/EXPERIENCE
- Position requires a high school diploma plus practical banking knowledge. (Some skills would be learned on the job and through training.)
- Teller experience recommended but not required.
- Banking experience recommended but not required.
- Ability to understand complex transactions.
- Ability to problem solve.
- Excellent PC skills with working knowledge of applicable computer software programs, especially experience with Microsoft Excel.
- Knowledge of General Ledger recommended but not required.
- Basic knowledge of General Accounting Procedures.
- Excellent oral and written communication.
- Excellent organizational skills.
- Detailed oriented.
- Ability to take extensive notes to ensure accurate reporting.
- Ability to meet deadlines and work in a team environment.
- Demonstrate ability to carry out prescribed assignments timely and accurately on a day-to-day basis. Work is reviewed and approved by supervisor (or Recon Clerk II if Supervisor is not available).
SCOPE MEASUREMENTS
- Performance is measured by accuracy and ownership of work.
- Identification of improperly posted transactions.
- Timely completion of assigned tasks.
WORKING CONDITIONS
- Normal office conditions.
The above statements are intended to describe the general nature and level of work to be performed by personnel assigned to this job. This information is not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel assigned to this position.
