Sr. GL Reconciliation Analyst

The Senior GL Reconciliation Analyst’s primary responsibilities include performing a variety of complex EFT settlement and GL reconciliations at an advanced level, that include, daily analysis of GL’s and network and host reports, work associated with implementing new or changes to transactions and services as well  supporting month-end close and reconciliation of escalated GL outages or stale dated exceptions.  This includes Bill Pay, ACH, ATMs, ITMs, Branch, ATM and ITM Image deposits, FSCC shared branching, COOP/STAR network activity, Credit Card activity, check collection, check deposits in transit. Also responsible for daily balancing of all cash account activity; daily maintenance of FRB Reserve Requirements; while assisting in maintaining the DNA GL tables, cashbox transaction activity, deposit rate tables in the Fiserv Core System. Serves as a subject matter expert on account reconciliations and is first point of contact for inquiries regarding operational issues, policy and procedure questions, dealing with escalated transaction exceptions, internal/external audits and aging to avoid financial loss to the organization. Assists with new hire and cross training for the department. In addition, acts as support to the GL Reconciliation Analyst role. Responsible for managing reconciliation risk within assigned accounts and maintaining compliance.  Assists with monitoring and maintenance of account reconciliations.  The Senior GL Reconciliation Analyst adds value to the credit union by ensuring that transactions are properly rolling to the general ledger, such as ACH, Shared Drafts, ATM, Shared Branch, Cash accounts and network activity are in balance, and that all journal entries are posted timely and accurately to the accounting system, thus assisting in assuring the reliability and accuracy of members accounts and credit union financial records.  

Responsibilities:

• Responsible for independently performing duties and responsibilities rotated and assigned including those listed below.  Additionally, backs up and supports all GL Reconciliation Analyst duties and responsibilities as needed.
  • Maintain current reconciliation, Analysis and resolution of exceptions for ACH Settlement, Catalyst, Shared Branch, Check Collection, Member Payroll, Bonds, CUDL, Lockbox, Credit Card, Cash Advances, Foreign Items, FRB, FHLB, bank accounts, return items, share drafts deposits.   
  • Imports GL Core System imports, DNA, Mortgage daily, Journal Entries for daily, ATM withdrawals/ Cash, deposit and COOP/STAR settlements; and month end Repossessed vehicles, Indirect loans, negative shares and ODP write off and recovery.
  • Responsible for monthly Charge-Off and Recovery analysis 
  • Reporting FR2900 to FRB, Cash Liquidity, Processing of stop payments, voids, A/P and loan promo corporate check issued, Federal and State income tax backup W/H payments are made, prepared quarterly to state tax withholdings for EDD (all states individually), prepare reconciled tax liability/tax deposit form 945-A.
  • Maintain deposit rate changes in DNA, Internet and share point as needed and back-up for updating the weekly deposit pricing for rate changes.
  • Backup A/P Invoicing and month end accruals and reconciliation as needed. 
• Actively works with and supports member facing branches and back office business units regarding procedures, processes and timely resolution for transaction exceptions and missing or returned items.  
• Month-end General Ledger analysis: prepares own assigned reconciliations and responsible for collecting, organizing, GL analyses from other team members, departments, reviewing for accuracy and completeness. 
• Support Senior Financial and Project Accountants with the month-end close GL journal entries assigned, ME reconciliations, analysis of suspense GL variances, compiling requested data.  Assist Management with accounting adjustments and month-end expense/income variance analysis.
• First contact for difficult and unresolved escalated items. Support department team members with the research and resolution of escalated and/or stale dated GL out of balances.  
• A functional subject matter expert on account reconcilements. Understands impact of transactions within the accounts as well as on related accounts. Under guidance from management, assists with addressing impacts of organizational changes regarding reconciliation by participating in the review, training, process flow and procedures for newly implemented transactions and services.  Assists with month and year-end financial audits as needed.
• Evaluates current processes to recommend opportunities for operational efficiencies.  Assist with the updating and maintaining of systems and procedures as assigned to help ensure adherence to organizational guidelines and internal controls remain in place and function as intended.
• Assists with new hire and cross training efforts within the Reconciliation Team as assigned by manager.  
• Other duties as assigned including, but not limited to supporting database queries, ad-hoc analysis, quality review and audits and effectively providing back-up support for other department functions as needed, Participates in projects as assigned.

Qualifications:

• 5 or more years related accounting or EFT department experience in a financial institution as described below.
• Extensive experience performing GL and EFT transaction analysis and extensive research and reconcilement of GL and member transaction exceptions.
• Good general accounting knowledge and solid working knowledge of complex analysis, research and reconcilements. 
• Knowledge of Generally Accepted Accounting Principles (GAAP)
• Demonstrated proficient knowledge of MS Outlook, Word and advanced Excel
• Must be able to use a 10-key adding machine with accuracy.
• Self-motivated with ability to work independently and cooperatively as a team player with external and internal partners.
• Excellent attention to detail and demonstrated strong analytical skills:  high aptitude for research and problem solving. 
• Flexible, highly organized and effectively manages time to adapt to rapidly changing multiple priorities and meet deadlines in a fast-paced work environment. Effective and efficiently under pressure.
• Resolves issues exercising sound judgment, initiative and sense of urgency, professionalism and strong critical thinking skills.
• Strong communication skills including written, verbal and listening.  Communicates effectively with all levels of management and co-workers.  
• Must be conscientious and thorough.  
• Must have the ability work on several projects concurrently with support.

Website: nuvisionfederal.com/careers

Benefits:

• Medical
• Dental
• Vision
• Life Insurance
• Flexible Spending Account
• 401(k) Matching
• Paid Time Off
• Training Provided
• Tuition Reimbursement

Covid-19 Precaution(s):

• Remote Interview Process (some positions vary)
• Social Distancing and Mask Guidelines in place