What are the responsibilities and job description for the Bank Operations Reconciliation Manager position at Orrstown Bank?
The Bank Operations Reconciliation Manager is responsible for overseeing the reconciliation of all bank operations accounts, ensuring accuracy and compliance with company policies and procedures. This role involves managing a team of reconciliation specialists, identifying discrepancies, and implementing solutions to improve the reconciliation process.
Key Responsibilities:
- Oversee the daily reconciliation of bank operations accounts, ensuring all transactions are accurately recorded and discrepancies are resolved promptly.
- Manage and mentor a team of reconciliation specialists, providing guidance and support to ensure high performance.
- Develop and implement reconciliation policies and procedures to enhance efficiency and accuracy.
- Collaborate with other departments to resolve any issues related to bank transactions and reconciliations.
- Prepare and present reconciliation reports to senior management, highlighting key findings and recommendations.
- Ensure compliance with internal controls, accounting standards, and regulatory requirements.
- Identify opportunities for process improvements and implement best practices in bank reconciliation.
- Assist in the preparation of audit schedules and support external auditors during financial audits.
- Bachelor's degree in Accounting, Finance, or a related field.
- Minimum of 5 years of experience in bank reconciliation or a similar role.
- Strong knowledge of accounting principles and financial regulations.
- Excellent analytical and problem-solving skills.
- Proficiency in accounting software and Microsoft Excel.
- Strong attention to detail and organizational skills.
- Ability to manage and lead a team effectively.
- Excellent communication and interpersonal skills.
