Reconcilliation Analyst

Computershare • Montreal, QC

18d • Hybrid

About The Position

The North American Reconciliation team is responsible for reconciling all cash, general ledger, and share accounts related to funds and assets held on behalf of clients. These accounts span all operational business lines of Computershare North America. Administrators must reconcile high volumes of transactional activity from core recordkeeping systems, as well as activity shown on the related bank statements.

This role is responsible for completing, on time, the reconciliation of cash bank accounts operated on behalf of our key corporate clients. Specifically, it focuses on reconciling activity in accounts related to our clients’ employee share plan business. This includes activity related to plan purchases and sales, distributions, and dividend payments.

All out of balance variances must be analyzed, identified, and updated in our reconciliation system with the appropriate description of out-of-balance items, in order to produce accurate, timely reporting for the North American Reconciliation team and operational teams, as well as the broader business—including senior leadership.

Requirements

• Perform daily, high-volume account reconciliations using automated reconciliation software, internal recordkeeping systems, and external bank account data, within required timelines and in accordance with policies and procedures.
• Match related transactions and research/identify out of balance variances using core systems, then notify the appropriate operational units so they can take the necessary action to clear out-of-balance items. Understanding the activity, evaluating information, and analyzing issues are essential to identifying root causes and resolving breaks.
• Document and update open out of balance transactions within the reconciliation tool. Track and follow up on these unresolved items.
• Strong analytical skills with exceptional attention to detail to balance transactional data and identify the drivers of out-of-balance items during reconciliation.
• Excellent written and verbal communication skills to clearly document items and initiate the actions needed so operational teams can resolve them.
• Ability to use Teams to participate in virtual training, meetings, and ad hoc check-ins with stakeholders.
• Ability to work independently, to reconcile assigned accounts and collaborate within a team to support colleagues as needed.
• Ability to consistently meet daily deadlines.
• Experience with account reconciliations.
• Fast learner with an analytical mindset; persistent; detail-oriented; motivated to grow and continue learning; not complacent.
• Advanced Excel skills (ability to build pivot tables, use VLOOKUP, and other formulas).
• Ability to understand and execute SQL queries: an asset.
• Knowledge of employee share plan activity and/or trading operations
• Knowledge of the financial industry (e.g., transfer agency, corporate banking services).

Nice To Haves

• College or university studies in finance/accounting/mathematics, or equivalent.
• Knowledge of the financial industry (e.g., transfer agency, corporate banking services).
• Knowledge of the employee share plan industry and/or trading operation

Responsibilities

• Reconcile high volumes of transactions/activity from core systems and bank accounts, ensuring a high level of accuracy and meeting internal service level agreements with various operational teams.
• Follow procedures while focusing on improving the efficiency of established tasks.
• Own and respond to routine operational inquiries, escalating as needed.
• Keep desk operating procedures up to date to reflect any changes in work practices.
• Collaborate with other Computershare departments to understand and resolve variances

Benefits

• Flexible work to help you find the best balance between your work and your lifestyle.
• Health and well-being: Flexible benefits to support you and your family.
• Invest in our company by setting aside a portion of your pay to purchase company shares, and you’ll also receive a company contribution.
• Additional perks ranging from recognition programs and team activities to offerings that help you invest in your future.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed