Reconciliation Job Description
Reconciliation
provides content and people leadership to Global Reconciliation Services team and lead and motivate employees performing reconciliation related services.
Reconciliation Duties & Responsibilities
To write an effective reconciliation job description, begin by listing detailed duties, responsibilities and expectations. We have included reconciliation job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide back office support for OTC cash settlements
Review of fund administrator reconciliations with resolution of trade/cash/position/mv/ote discrepancies
Attend fund administrator meetings and conference calls to discuss issues and business environment
Review reconciling items with various BAM groups - accounting, operations, development, and trading
Assist in developing reconciliations for new products or new PB relationships
Understanding Profit and Loss issues related to dividend, market value, cash, position and OTE differences and all correcting entries
Providing back office support for OTC cash settlements
Reviewing fund administrator reconciliations with resolution of trade/cash/position/mv/ote discrepancies
Attending fund administrator meetings and conference calls to discuss issues and business environment
Reviewing reconciling items with various BAM groups - accounting, operations, development, and trading
Reconciliation Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Reconciliation
List any licenses or certifications required by the position: IAQ/IOC, CPA, ACCA, II, PRINCE, PMP, MA, SII/CISI, HFMA, RHIT
Education for Reconciliation
Typically a job would require a certain level of education.
Employers hiring for the reconciliation job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and High School Degree in Accounting, Education, Business, Aging, Finance, Communications, Guidance, Economics, Management, Communication
Skills for Reconciliation
Desired skills for reconciliation include:
Excel
Account reconciliation processes
Microsoft Office
Use of Macros / Queries on MS Excel / Access
Accounting principles
Industry developments and trends
GFAS /GTA an advantage
ReconNet
Continually
Healthcare and pharmacy services industry
Desired experience for reconciliation includes:
4-6 years database experience (SQL, stored procedures, data modeling)
4-6 years experience with Open Source tools (Apache, JBoss, Tomcat, Hibernate, Ant, Ivy, Struts, Spring, JUnit, JBPM)
Review exceptions/breaks and the quality of research conducted by the Vendor (TCS) and provide relevant feedback, if necessary
Attend Weekly Risk Meeting to review all outstanding risk issues with TCS and escalate accordingly
Provide Subject Matter Expertise on a range of reconciliations
Review changes suggested by TCS related to process, documentation, and approve by following the proper change management process
Reconciliation Examples
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Reconciliation Job Description
Job Description Example
Our growing company is looking for a reconciliation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for reconciliation
- Investigating discrepancies quickly and efficiently
- Daily interaction with the both clients, Trading Desk and various Middle Office groups on queries and escalation
- Creation of weekly and monthly MI reports for the business
- Involvement in global project initiatives around the area and testing of these initiatives
- Working with Tech Support to constantly review and improve current process
- Prepare daily and monthly account reconciliations for the company’s Trust and Returns bank accounts
- Identify settlement discrepancies and out of balance conditions through a variety of balancing techniques and reconciliation software applications
- Alert appropriate management levels, internal departments, and external 3rd parties to all problems and out of balance conditions identified
- Identify and recommend opportunities to improve reconciliation processes for greater operational efficiency, improvement opportunities for other processing areas to minimize risk of error and research time
- Act as a subject matter expert on assorted project teams and initiatives
Qualifications for reconciliation
- Knowledge of foreclosure, bankruptcy and loss mitigation preferred
- Monitoring/controlling/approving operations processes undertaken by TCS, journals, wires and client money calculations
- Bachelor’s degree or equivalent work experience in an Accounting/Finance area
- Aptitude to manipulate large amounts of data
- Bachelor’s degree in Accounting/Business highly preferred
- MUST have 1 – 5 years of experience performing balance sheet reconciliations in a Commercial or Savings bank
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Reconciliation Job Description
Job Description Example
Our company is searching for experienced candidates for the position of reconciliation. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for reconciliation
- Research, follow up, and clear outstanding items within deadlines
- Submit information for adjusting entries via email to the processing department
- Identifying missing and/or inaccurate information in vendor database
- Review and clearance of daily or Monthly cash and asset reconciliations via TLM or Manually
- Ensure all relevant documentation to other operational groups within RBCITS is delivered in a timely manner
- Adhere to RBCITS Core Standards
- Maintain, monitor and resolve any query items in respect of issues pertinent to Operations Control
- Investigation of breaks and assignment of breaks to the right departments
- Create, manipulate and interpret various data/reports/queries to help identify out of balance conditions or trends in the data
- Navigate and update the Firm's hardware custodial system – HP Asset Manager
Qualifications for reconciliation
- Previous experience responding to requests by external / internal auditors and regulators preferred, but not required
- Any experience with reconciliation automation projects or process improvements is optional
- Detail oriented, analytical/critical thinking
- Demonstrate high level of market knowledge about stocks, bonds, options, etc
- Associate Degree related to Accounting and 1+ year experience in financial services industry OR
- 2+ years of experience in financial accounting services with Accounting Degree
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Reconciliation Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of reconciliation. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for reconciliation
- Accurately reconcile all supplier statements (local, foreign & inter group) to the subsidiary ledgers of Bookmaster and Navision on a monthly basis
- Clear all reconciling items contained in the reconciliations within 2 months of the document date
- Correspond with suppliers via telephone, fax or email and respond to and resolve inquiries
- Participate in payables subsidiary ledger month end close where necessary
- Sign off daily deliverables of cash & Holdings reconciliations
- Conduct department training on cash & asset reconciliations, Monthly/Daily client reports and system on TLM & manual reconciliation
- Oversee the Global Direct returns process by working with the DH floor operations and returns data entry team
- Review daily reports and research specific customer returns trends, percent of daily revenue, processing times
- Process all credits and work with the Financial Services team to ensure timely credits
- Will work independently with minimal direction to meet the team goals
Qualifications for reconciliation
- Experience with Electra Reconciliation a plus
- Familiarity with IRS’s cost basis requirements a plus
- Familiarity with alternative assets a plus
- Ability to work independently to support a team environment
- Ability to engage with LOB individuals in an assertive manner to ensure timely response and action to resolve issues
- Bachelor’s degree in finance or accounting or similar area
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Reconciliation Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of reconciliation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for reconciliation
- On occasion will have to run reports for sales groups
- Researches, identifyies and provides resolution on complexe business issues with minimal supervision
- Reconcile data breaks daily with an emphasis on accuracy and timeliness
- Realign breaks in Clientlink, and/or provide processing fixes for internal partners
- Cross train with others in the department in order to cover when someone is away
- Suggest improvements to processes and procedures, and research of new exceptions to determine how to reduce data errors and/or apply fixes
- Engage and partner with wealth management business, third party vendors, IT and other Operations areas as required
- Ensure department processes and desk operation procedures are documented and adhered to
- Demonstrate commitment to the team
- Ensure monthly / quarterly reconciliationof Client’s holding (Fund units)
Qualifications for reconciliation
- Preferable experience within a Fund Manager’s back office, custodial operations team or within an outsourcing operation
- Ability to analyze data/metrics to identify trends and provide solutions to business problems
- Strong organizational skills including prioritization and planning
- Ability to work both autonomously and within a collaborative team environment
- Customer service experience and excellence is a plus
- Undergraduate degree required, Accounting degree preferred
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Reconciliation Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of reconciliation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for reconciliation
- Respond to any query from internal or external sources in relation to the activity
- Identify discrepancies and out of balance conditions through a variety of balancing techniques and reconciliation software applications
- Prepare and submit various monthly / quarterly reportsfor management review
- Identify and recommend improvements in reconciliation process and other processing areas for greater operational efficiency and risk mitigation
- Compares and reconciles daily patient schedules/census/registrations to billing and medical record documentation for accurate charge submission
- Investigates and resolves problems related to charging errors by utilizing a variety of audit and edit reports
- Maintains spreadsheets and manual records for reconciliation and productivity reporting
- Performs quantitative review for completeness and ensures that billing system discrepancies are corrected
- Research and clear facility Unidentified Accounts
- Research and resolve reconciliation variances
Qualifications for reconciliation
- Evaluating processes and systems and identifying potential productivity/efficiencies to mitiagate risk
- This is not an entry position
- Experience with reconciliation software packages
- Required 1+ year of experience in Claims processing or general healthcare background
- Experience in Fund Industry and Reconciliation area will be an asset
- College degree or two years business experience in finance of AP required