Bank Reconciliation Statement Specialist

Position Overview: We are seeking a skilled and detail-oriented Bank Reconciliation Statement Specialist to join our finance team. The candidate will play a crucial role in maintaining accurate financial records by reconciling discrepancies between our internal records and bank statements. The ideal candidate should possess strong analytical abilities, a keen eye for detail, and a solid understanding of financial reconciliation processes.

Key Responsibilities:

• Perform regular and timely bank reconciliation activities for all relevant company accounts.
• Compare and analyze transactions, balances, and records in the company's financial system with bank statements to identify discrepancies and variances.
• Investigate and resolve discrepancies by collaborating with internal departments and banking institutions.
• Prepare clear and concise reports detailing reconciliation findings, highlighting discrepancies, and providing recommendations for corrective actions.
• Maintain organized and accurate documentation of reconciliation processes, adjustments, and supporting records.
• Monitor outstanding items and work proactively to resolve them within established timelines.
• Collaborate with the accounting team to ensure accurate and up-to-date financial records and reporting.
• Stay updated with changes in banking regulations, financial reporting standards, and industry best practices related to reconciliation processes.

Qualifications and Skills:

• Bachelor's degree in Finance, Accounting, or a related field. Professional certifications (e.g., CPA, CFA) are a plus.
• Proven experience in bank reconciliation processes and financial analysis.
• Strong proficiency in using financial software, accounting systems, and spreadsheet applications (e.g., Microsoft Excel).
• Excellent attention to detail and strong analytical skills to identify discrepancies and variances.
• Effective communication skills, both written and verbal, for documenting findings and collaborating with internal teams and banking institutions.
• Problem-solving mindset with the ability to investigate and resolve complex reconciliation issues.
• Ability to work independently and manage time efficiently, while also collaborating as part of a team.
• High level of integrity, reliability, and confidentiality when handling sensitive financial information.
• Adaptability to changing processes, procedures, and technologies in a dynamic financial environment.
• Prior experience in the banking or financial services sector is a plus.