Accounting Reconciliation Analyst

Fifth Third; Cincinnati (OH); On-site; USD 55,000 - 75,000; Full time

Job summary

Fifth Third Bank in Cincinnati, OH seeks an Accounting Reconciliation Analyst to perform daily reconciliation of General Ledger, IDA, Trust House, and Trust/Treasury positions. The role monitors exceptions and coordinates with departments to resolve issues while aligning with Bancorp policies.

With a bachelor’s degree or equivalent and accounting exposure, the candidate will strengthen data integrity, risk controls, and process improvements, contributing to a strong customer experience and

Qualifications

• Bachelor's degree or equivalent work experience required.
• Accounting or Finance degrees and work experience preferred.
• Minimum of 1 year accounting experience in the financial industry.
• Knowledge of General Ledger, Internal Demand Deposit Accounts, Trust House or Trust/Treasury Positions.
• Proficient with Excel, Word, Outlook; familiarity with reconciliation systems.
• Possesses professional customer service skills and communication abilities.
• Able to prioritize work and meet deadlines.

Responsibilities

• Perform daily reconciliation of General Ledger, IDA, Trust House and Trust/Treasury Positions.
• Monitor exception reporting and assign items to appropriate departments.
• Understand Bancorp policies and procedures; act as a subject matter expert.
• Obtain correct supporting documentation for audits.
• Perform investigation and follow-up on exceptions; resolve with appropriate personnel.
• Identify non-standard account reconcilement problems; assist in resolution.
• Maintain accurate records and build strong cross-functional relationships.
• Assume responsibility for account reconciliations.
• Understand impact of transactions within accounts and related accounts.
• Assist in converting acquired companies or system upgrades.
• Assist in developing training materials and reconciliation training.
• Adhere to defined quality standards and communication guidelines.

Skills

Customer service

Communication

Prioritization

Problem solving

Cross-functional collaboration

Education

Bachelor's degree or equivalent

Accounting or Finance degree preferred

1 year accounting related experience

Tools

Excel

Word

Outlook

Internal general ledger

Reconciliation systems

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION

With minimal supervision, performs reconciliation functions on assigned accounts at the intermediate level. Assumes responsibility for managing reconciliation risk within assigned accounts and maintains compliance with Bancorp Policy. Performs daily monitoring and maintenance of account reconciliations. Quickly identifies account outages and aging items within an account. Works independently with clearing department to resolve in a timely manner. Resolves basic non-standard reconciliations issues, as assigned by supervisor/manager. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Perform daily reconciliation of General Ledger, Internal Demand Deposit Accounts, Trust House, and Trust/Treasury Positions
• Monitor exception reporting and assign outstanding items to appropriate departments
• Comprehend Bancorp policies and procedures and is considered a subject matter expert
• Obtain correct supporting documentation as requested by internal/external audit and external regulatory agencies
• Perform investigation and follow-up on exceptions; resolve with appropriate personnel
• Identify non-standard account reconcilement problems; propose and assist in implementation of resolution
• Maintain accurate records and establishes strong working relationships with all business lines and accounting groups
• Assume responsibility for account reconcilements
• Understand impact of transactions within the accounts as well as on related accounts
• Understand the impact of organizational changes and assist with communicating those changes to their business line partners
• Responsible for the reconciliation design
• Ensure the incorporation of data necessary for matching, monitor the automation of data feeds from source systems and verify the integrity of the reconciliation design on the automated system
• Identify areas of process improvement to increase departmental efficiencies
• Under guidance from Supervisor or Manager, assist in converting acquired companies or system upgrades to Accounting policies, processes and practices
• Assist in developing training manuals and conducting reconciliation training to key business areas
• Perform basic special projects as assigned and at the direction of Manager
• Adhere to defined quality standards, including work product, communications (verbal / written) and quality control metrics

SUPERVISORY RESPONSIBILITIES

None

MINIMUM QUALIFICATIONS

• Bachelors degree or equivalent work experience required
• Accounting or Finance degrees and work experience preferred
• Minimum of 1 year Accounting related experience in the financial industry and the understanding of transactional and balance reconciliations
• Knowledge of General Ledger, Internal Demand Deposit Accounts, Trust House or Trust/Treasury Positions
• Demonstrates proficient use and knowledge with software applications including Excel, Word, outlook, internal general ledger, reconciliation and reporting systems
• Familiarity with database or reconciliation software applications preferred
• Possesses cross functional skill set that can be applied across reconciliation processes and Line of Business, including Cross Training, LOB specific applications, project participation, etc
• Possesses professional customer service skills
• Able to respond to standard requests from internal and external customers
• Able to solve routine problems by following defined procedures
• Capable of prioritizing work to meet deadlines set by Supervisor or Manager
• Demonstrates consistent abilities to perform and communicate professionally with customers and management
• Appropriately chooses most effective form of communication (meeting, fax, phone or email)
• Responds quickly to requests
• Can convey a positive first impression and develops positive working relationships
• Understands and knows how to get along with co-workers

Accounting Reconciliation Analyst At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION

Cincinnati, Ohio 45202

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you.

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.