Reconciliation Specialist - Wealth Operations

Commerce Bank•Kansas City, MO

5d•$19 - $22•Hybrid

About The Position

The main purpose of this job is to execute the reconciliation of general to medium range accounting activities. This role involves performing daily, weekly, and monthly reconciliation responsibilities in a timely and accurate manner. It includes executing the reconciliation of general to medium range accounting activities, covering processes for multiple business line product offerings, General Ledger Accounts, house accounts, shadow accounts, position reconciliations, and other various banking activities. The specialist will ensure all aged items are researched and resolved effectively and efficiently according to aged item parameters, and resolve general reconciliation issues to limit financial liability and exposure to the organization. Additionally, the role requires ensuring all reconciliation processes meet procedural requirements and participating in process reviews to identify opportunities for enhancing reconciliation procedures. The position also involves performing other duties as assigned.

Requirements

General knowledge of banking products and services
General knowledge of accounting functions
Intermediate analytical and problem-solving skills to research and resolve discrepancies
Ability to perform reconciliations effectively while assessed on timeliness, accuracy, and proactive resolution of outstanding expectations
Ability to utilize intermediate problem-solving techniques to research and resolve discrepancies
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook
Associate’s degree or equivalent combination of education and experience required

Nice To Haves

2+ years Financial Services Industry related experience preferred
Experience in account reconciliations preferred

Responsibilities

Perform daily, weekly, and monthly reconciliation responsibilities in a timely and accurate manner
Execute the reconciliation of general to medium range accounting activities, including processes for multiple business line product offerings, General Ledger Accounts, house accounts, shadow accounts, position reconciliations and other various banking activities
Ensure all aged items are researched and resolved in an effective and efficient manner according to the aged item parameters
Resolve general reconciliation issues to limit financial liability and exposure to the organization
Ensure all reconciliation processes meet procedural requirements
Participate in process reviews to identify or recognize opportunities to enhance reconciliation processes procedures on various job functions
Perform other duties as assigned