Reconciliation Analyst-(Hybrid)

Central 1 Credit Union; Vancouver; Hybrid; CAD 52,000 - 60,000; Full time

Job summary

A Cooperative Financial Institution is seeking a Reconciliation Analyst to support Payment Operations by conducting daily reconciliations and financial analysis. The ideal candidate should have a post-secondary degree and at least 1 year of experience in financial services, with strong Excel skills. This position offers a salary range of $52,000-$60,000 and a hybrid work environment.

Benefits

Work-life flexibility

Hybrid work environment

Generous vacation allotment

Top-notch flexible benefits plan

Access to learning platform

Qualifications

• At least 1 year of experience in the financial services industry.
• Quick learner who works effectively within a team.
• Experience working with internal and external stakeholders.

Responsibilities

• Manage daily cash and account reconciliations.
• Collaborate with teams to resolve outstanding entries.
• Prepare audit documentation and support external auditors.
• Process monthly charges for credit unions and corporate clients.

Skills

Strong Excel skills

Detail-oriented

Strong analytical skills

Written and verbal communication skills

Ability to collaborate

Education

Post-secondary degree in business administration, accounting, or related field

Tools

Microsoft Office

Job description

Overview

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.

What we offer

• Work-life flexibility
• Hybrid work environment
• One time allowance to set up your office for remote first employees
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Access to a virtual wellness platform
• Career development opportunities
• Wellness Flex Fund to support personal interest and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts

*subject to employment agreement

Job Summary

As a Reconciliation Analyst at Central 1, you’ll support Payment Operations by completing daily reconciliations and financial analysis. You’ll ensure accounts in our banking system and ERP are accurate and balanced, helping operations run smoothly and critical deadlines stay on track.

Onsite training needed

What you'll be doing

• Reconciliations & Accuracy: Manage daily cash and account reconciliations, monitor for issues, investigate discrepancies, and ensure accuracy across assigned accounts.
• Problem-Solving & Support: Collaborate with teams to resolve outstanding entries, provide troubleshooting support, and respond to inquiries from credit unions, corporate clients, and financial institutions.
• Audit & Compliance: Prepare audit documentation, support external auditors, and help develop and implement new procedures in response to changes from the Bank of Canada and Payments Canada.
• Operations & Reporting: Process monthly charges for credit unions and corporate clients, provide timely responses to stakeholders, and contribute to smooth day-to-day operations.
• Additional Skills: Knowledge of ACSS/LVTS operations is an asset, and you may take on other related duties as needed.

What you'll have

• Post-secondary degree in business administration, accounting, or a related field.
• At least 1 year of experience in the financial services industry.
• Strong Excel skills are required; proficiency with Microsoft Office is an asset.
• Detail-oriented with a proven ability to work accurately and investigate discrepancies.
• Strong analytical, written, and verbal communication skills.
• Able to collaborate and achieve results with others, even without a direct reporting relationship.
• Quick learner who works effectively and collaboratively within a team.
• Willing to occasionally take on tasks outside of core responsibilities to support the team.
• Experience working with internal and external stakeholders.
• Ability to ensure work aligns with business objectives and customer needs.
• Knowledge of clearing and settlement procedures between financial institutions, and familiarity with automated financial systems, are considered assets.

Salary Range: $52,000-$60,000

The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training

#LI-Hybrid

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.