Deposit Balancing Specialist I, II, III

Old Second National Bank•Lombard, IL

7d•$21 - $32•Onsite

About The Position

The Deposit Balancing Specialist (Level I, II and III) is responsible for performing a variety of deposit and general ledger account reconciliations that support the core functions of the Deposit Balancing Department. This role ensures accuracy, compliance, and timely resolution of assigned accounts, contributing to the overall integrity of the Bank’s financial records. Job levels and hiring decisions are based upon both the business needs and the qualifications of the incumbent. In some cases, an incumbent may meet the requirements of a senior level role but may be hired in at a lower level based upon business needs and staffing dynamics.

Requirements

High school diploma (or equivalent) and one or more years of banking or related experience; or equivalent combination of education and experience. (Level I)
High school diploma (or equivalent) and two or more years of banking operations or related experience; or equivalent combination of education and experience. (Level II)
High school diploma (or equivalent) and three or more years of banking operations or related experience; or equivalent combination of education and experience. (Level III)
Strong working knowledge of account reconciliation processes and required documentation.
Excellent analytical and organizational skills.
Solid understanding of operational functions within the banking environment.
Exceptional verbal and written communication skills.
Ability to collaborate effectively and contribute to team building.
Demonstrates flexibility and the ability to manage multiple tasks simultaneously.
Quickly learns new systems, tools, and data processes.

Nice To Haves

Experience in deposit and general ledger reconcilement.
Proficiency with database management systems (i.e., Blackline, Microsoft Access).

Responsibilities

Reconciles standard deposit and general ledger accounts accurately, efficiently, and on a timely basis in accordance with procedures. Reconcilements include, but are not limited to, cash items, unposted deposits, ATM cash and differences, and CD interest.
Ensures all account reconcilements and supporting documentation are properly archived in reconciliation software (Blackline) in accordance with established retention and documentation procedures.
Collaborates with cross functional departments to research and resolve open items on account reconcilements.
Performs reviewer responsibilities for assigned reconcilements, ensuring compliance with procedures and documenting findings accurately.
Responsible for performing advanced reconcilement of deposit and general ledger accounts with higher complexity and volume.
Leverages data-driven tools, system logic, and cross department collaboration to ensure timely and accurate financial reporting in accordance with established procedures.
Reconciles all Level I deposit and general ledger accounts as well as complex and high-volume accounts such as: ATM Terminal Clearing GL, ATM Switch Clearing GL, Currency & Coin GL, Time Deposit Settlement GL, and Zelle GL.
Performs end-to-end account reconcilement using software and data-driven applications to validate, investigate, and resolve discrepancies.
Completes account reconcilements in Blackline software, leveraging matching rules, automation functionality, and workflow tools to drive efficiency and accuracy.
Ensures all reconcilements and required documentation are properly archive in Blackline in accordance with established retention and documentation procedures.
Consistently completes assignments with minimal guidance, demonstrating strong analytical and problem-solving skills.
Communicates findings clearly and professionally, ensuring timely follow-up on outstanding issues.
Verifies completeness, compliance with procedures, and accurately recording all findings.
Partners with cross-functional departments to research and resolve open items identified during account reconcilements.
Proficient in completing all general ledger and deposit account reconcilements in Level 1 and Level 2; consistently balances accounts without manager assistance.
Able to research discrepancies and identify unresolved items, including performing advanced troubleshooting within Blackline software.
Serves as a subject matter expert among peers and provides back‑up support to management.
Coaches, mentors, and trains new staff members; supports peers with complex issues requiring advanced problem‑solving skills.
Assists with the creation, revision, or completion of departmental procedures.
Conducts annual procedure reviews to ensure documentation remains accurate and up to date.
Contributes to strategic planning initiatives by providing operational insight and process improvement recommendations.