Balancing Specialist

Busey Bank•Champaign, IL

7d•Onsite

About The Position

The Balancing Specialist is responsible for balancing core applications, correspondent banks, general ledger accounts and internal checking accounts. This role involves preparing various account reconciliations, managing general ledger balances, reconciling cash and official checks, and supporting interest and tax-related reconciliations. The specialist will also reconcile financial instruments like Freddie Mac, Fannie Mae, and FHLB, review reconciliations for purchased banks, and collaborate with other departments for timely clearing of entries. Additionally, the role requires supporting internal and external audits through accurate and timely completion of all reconcilements.

Requirements

Strong oral and written communication skills
Strong organizational skills
Proficiency in accounting and finance systems
Ability to complete work accurately to prevent/limit number of errors
Ability to maintain confidentiality of information
Ability to analyze and interpret numerical data
Ability to perform duties and make decisions under frequent time pressures
Ability to solve problems independently while applying logic and discretion
Requires knowledge of Microsoft Office.

Nice To Haves

Associate’s degree in Accounting or Bookkeeping or equivalent banking experience a plus.

Responsibilities

Prepare account reconciliations on core applications – checking, savings, loans, safe deposit and time deposits to the general ledger from core reports.
Prepare account reconciliations on correspondent bank accounts.
Prepare account reconciliations on general ledger and internal checking accounts.
Manage a number of general ledger balances to application totals using Core Balancing tool.
Reconcile Teller and ATM cash and prepare variation reports.
Reconcile official checks and perform various functions to support the program.
Reconcile Interest on Lawyers Trust accounts and submit interest earned to each states Bar Foundation.
Reconcile Florida Documentary Stamps and submit report for filing and payment.
Reconcile monthly Freddie Mac, Fannie Mae and FHLB reconciliations to identify differences.
Review reports and reconcilements of banks purchased for conversion to our system.
Work closely with other departments on research to make sure entries clear timely.
Support internal and external audits through timely and accurate completion of all reconcilements.