Reconciliation Specialist - Deposit Operations

Valley Bank; Clifton (NJ); On-site; USD 60,000 - 85,000; Full time

Job summary

Valley Bank is seeking a Reconciliation Specialist to support the reconciliation of financial accounts and ensure accuracy of General Ledger and Deposit Accounts. The role emphasizes detailed analysis and collaboration with internal teams.

Responsibilities include regular reconciliations, investigation of discrepancies, and preparation of period-end reconciliations. Strong Excel and SAP experience are required and a minimum of 3 years in Finance or Accounting is expected.

Qualifications

• Minimum 3 years of experience in Finance or Accounting.
• Proficiency in Excel including pivot tables and VLOOKUP.
• Familiarity with SAP and financial reporting tools.
• Excellent verbal and written communication.
• Strong analytical, problem solving, and detail-oriented skills.

Responsibilities

• Perform regular reconciliations of bank statements, accounts, and ledgers.
• Investigate and resolve discrepancies with internal teams.
• Prepare and review daily, monthly, and quarterly reconciliations.
• Collaborate with senior team members to improve procedures.

Skills

Excel

Pivot tables

VLOOKUP

Financial databases

Analytical skills

Attention to detail

Multitasking

Communication

Education

High School Diploma/GED

Tools

SAP

FIS/IBS

Job description

At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.
At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well.
The Reconciliation Specialist will support the reconciliation of financial accounts, ensuring the accuracy and integrity of financial transactions for General Ledger & Deposit Accounts.,

Responsibilities Include But Are Not Limited To

• Perform regular reconciliations of bank statements, accounts, and ledgers to identify discrepancies and ensure accuracy in financial reporting.
• Investigate and resolve discrepancies in a timely manner, collaborating with internal teams to gather necessary information and documentation.
• Preparation and review of daily, monthly, and quarterly account reconciliations to ensure accuracy and completeness.
• Collaborate with senior team members to streamline reconciliation procedures and enhance efficiency.

Required Skills

• Proficiency in Microsoft Excel, including pivot tables and VLOOKUP functions.
• Familiarity with accounting software such as SAP
• Experience with financial databases and reporting systems.
• Excellent verbal and written communication. Ability to write correspondence and present information to peers and management.
• Strong analytical, problem solving, and decision-making skills to effectively uncover and resolve issues.
• Detail oriented, strong organizational skills, and high degree of accuracy. Ability to handle multiple projects simultaneously.

Required Experience

• High School Diploma/GED and a minimum of 3 years of experience in Finance or Accounting.

Preferred Experience

• FIS/IBS (Integrated Banking Solutions). Associate or bachelor's degree in a related field.