Reconcilement Representative

Community Financial System, Inc.; City of Olean (NY); On-site; USD 52,000 - 76,000; Full time

Benefits offered by this job

11 paid holidays

Paid vacation

Medical insurance

Vision & Dental insurance

401K with generous match

Pension

Tuition Reimbursement

Banking discounts

Job summary

Community Financial System, Inc. is seeking a loan operations specialist to reconcile loan system balances with the corporate ledger and to perform month-end close duties. The role supports accurate financial reporting within the Loan Operations team.

The successful candidate will reconcile accounts daily, utilize SilverLake, GL Recon, 4Sight and Synergy, and communicate any variances to leadership. A high level of accuracy, integrity, and compliance with banking regulations is required.

Qualifications

• High School Diploma or GED required.
• Associates Degree in Finance/Accounting or equivalent relative work experience preferred.
• All applicants must be 18 years of age or older.
• Strong attention to detail and analytical skills.
• Must be proficient with Excel.
• Experience in banking or accounting preferred.

Responsibilities

• Reconcile the SilverLake loan system balances, comparing them to the Corporate General Ledger
• Reconcile all loan general ledger/DD accounts daily by monitoring and clearing outstanding items. Process general ledger entries or preparing loan payments/reversals as needed.
• Provide a month-end reconcilement of loan processes to Team Leader/Supervisor and document variances in Blackline.
• Use tools and reports daily (SilverLake, GL Recon, 4Sight and Synergy).
• Communicate with other departments/branches regarding exception issues as they arise
• Other duties as assigned
• Maintain compliance with all laws and regulations applicable to this position, adhere to policies, procedures, and internal controls, and complete training timely.

Skills

Attention to detail

Analytical skills

Organization & prioritization

Excel proficiency

Written & verbal communication

Team collaboration

Education

Associate Degree in Finance/Accounting

Relevant banking/accounting experience

Tools

SilverLake

GL Recon

4Sight

Synergy

Job description

Overview

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration. Just as our employees are committed to helping our customers manage their finances, we're committed to our employees. After all, they make it happen for our customers every day. To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.

Overview

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration. Just as our employees are committed to helping our customers manage their finances, we're committed to our employees. After all, they make it happen for our customers every day. To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.

Responsibilities

This position is mainly responsible for reconciling the loan system balances to the corporate general ledger. Additionally, this position will provide a month-end reconcilement of loan operations variances to the Accounting Department.

• Reconcile the SilverLake loan system balances, comparing them to the Corporate General Ledger
• Reconcile all loan general ledger/DD accounts assigned to Loan Operations on a daily basis by monitoring and clearing outstanding items. Processing general ledger entries (cross-application) or preparing loan payments/reversals as needed.
• Provide a month-end reconcilement of loan processes to Team Leader/Supervisor and properly document any variances that exist and enter into Blackline accordingly.
• Use various systematic tools and reports on a daily basis to effectively perform required duties (e.g. SilverLake, GL Recon, 4Sight and Synergy).
• Communicate with other departments/branches regarding exception issues as they arise
• Other duties as assigned
• Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner
  

Qualifications

Education, Training and Requirements:

• High School Diploma or GED required
• Associates Degree in Finance/Accounting or equivalent relative work experience preferred
• All applicants must be 18 years of age or olderSkills:
• Strong attention to detail and analytical skills
• Ability to organize, prioritize and work effectively under time constraints
• Excellent written and verbal communication skills
• Must be proficient with Excel
• Must be able to consistently demonstrate the Company's core values: a strong work ethic, integrity, respect for others, responsibility, transparency and humilityExperience:
• Working knowledge of required documentation for all loan types
• Preference will be given to a candidate with at least one (1) year experience in banking or accounting
  

Other Job Information
Hours: 40 hours/weekCompensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!Physical Requirements:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit.