What are the responsibilities and job description for the Bank Reconciliation Coordinator position at Regional Management Corp.?
Are you ready to take your career to the next level? Regional strives to positively impact the financial lives of our customers.
For over 35 years, our Team Members have been passionate about supporting customers through their financial challenges in life. They take pleasure in finding solutions and lending a helping hand, both to our customers and our communities. As we continue to grow and become a national brand in consumer financing, we hope you’ll consider us for future career opportunities.
If you are looking to make a meaningful impact in people’s lives by bringing a personal touch to finances, join our team today!
The Bank Reconciliation Coordinator will reconcile general ledger cash accounts to their respective bank statements.
Duties and Responsibilities
- Reconcile general ledger cash accounts to their respective bank statements.
- Investigate and record reconciling differences timely.
- Report annual Escheat / Unclaimed Property to various state entities.
- Maintain and record the Escheat Liability to the Balance Sheet.
- Review outstanding check listings for accuracy.
- Communicate professionally with branches, branch support, and department heads to resolve reconciling differences.
- Communicate with Treasury on all new bank accounts.
- Generates JIRA ticket to assure new bank accounts are properly set up in the General Ledger.
- Maintain the bank account matrix linking the bank accounts to the GL accounts for audit purposes.
- Ensure timely preparation of all bank account reconciliations.
- Manage monthly Bank Reconciliation log, including logging of completed bank reconciliations onto the Balance Sheet Reconciliation log.
- Support the external audit process.
- Assist in enforcing proper operational and internal controls over Banking accounts and processes.
- Support Sarbanes-Oxley (SOX) compliance over Banking accounts and processes.
- Preparation of journal entries related to bank statements and reconciliations.
Minimum Qualifications
- Proficiency in Microsoft office products and general typing.
- Understanding of Journal Entries as they relate to reconciliations
- Excellent professional written and verbal communication and interpersonal skills required.
- Ability to prioritize assignments, deal with interruptions, and meet deadlines in a fast paced and growth-oriented environment.
- High customer service standards.
- Proficient in Microsoft Office and Excel experience required.
- Must pass all pre-employment screening.
Preferred Qualifications
- Minimum of 1 to 3 years of Bank Reconciliations at high volume.
- Experience with documenting and reporting Unclaimed Property (Escheat) to various states.
- Financial services industry experiences.
- Multi-business unit experience.
- Proactive mindset with trouble-shooting, problem resolution, and follow through skills.
- Requires willingness to work a flexible schedule.
#LI-Onsite
Regional is an equal opportunity employer and does not discriminate on the basis of race, color, religion, creed, national origin, sex (including pregnancy, childbirth, and related medical conditions), sexual orientation, gender identity, transgender status, age, disability, genetic information, veteran status, uniform service, or any other characteristic protected by applicable law (“Protected Characteristics”). Regional’s policy of non-discrimination applies to all phases of the employment process and relationship, including, but not limited to, recruitment and selection; compensation and benefits; professional development and training; promotions and opportunities; transfers; social and recreational programs; layoff; and terminations.
