Senior Reconciliation Specialist - Wealth Operations

Mercantil Commerce Bank; Kansas City (MO); Hybrid; USD 29,000 - 38,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

401(k)

Life insurance

Paid vacation

Paid personal time

Job summary

Commerce Bank is seeking a Senior Reconciliation Specialist or Reconciliation Analyst to execute reconciliation of complex accounting activities. The role requires 3+ years of reconciliation experience in financial services and a strong knowledge of banking products.

The position is hybrid, with in-office presence required at least 2 days per week. Eligible candidates must be eligible to work in the U.S. without sponsorship. Compensation reflects pay transparency disclosures.

Qualifications

• Associate’s degree required.
• Bachelor’s degree in Accounting or equivalent combination of education and experience preferred.
• 3+ years reconciliation experience required, preferably in financial services.
• Experience with high-volume account reconciliation is preferred.

Responsibilities

• Perform daily, weekly, and monthly reconciliation responsibilities in a timely and accurate manner.
• Execute reconciliation of complex accounting activities across multiple financial products and GL accounts.
• Research discrepancies and resolve aged items in a timely manner.
• Participate in projects to implement new technologies and improve reconciliation processes.
• Represent the line of business on projects as SME when appropriate.
• Maintain strong knowledge of banking products and services within scope.
• Ensure all reconciliation processes meet procedural requirements.
• Other duties as assigned.

Skills

Banking products knowledge

Complex accounting functions

Analytical thinking

Excel techniques

Problem-solving

Attention to detail

Communication skills

Education

Associate’s degree required

Bachelor’s degree in Accounting or equivalent

Tools

EIB Workday Uploads

DFE Uploads

Microsoft Word

Microsoft Excel

Teams

Outlook

Job description

About Working at Commerce

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us. Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you. Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.

Compensation Range

Hourly: $21.40 - $27.65 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to execute reconciliation of complex accounting activities.

Essential Functions

• Perform daily, weekly, and monthly reconciliation responsibilities in a timely and accurate manner
• Execute reconciliation of complex accounting activities, including processes of multiple financial product offerings, General Ledger Accounts, and various banking activities
• Demonstrate strong understanding of all business lines you support and functional requirements for that area
• Ensure all aged items are researched and resolved in an effective and efficient manner according to the aged item parameters
• Resolve extraordinarily complex reconciliation issues to limit financial liability and exposure to the organization
• Ensure all reconciliation processes meet or exceed procedural requirements
• Participate in projects to support future initiatives, such as implementing new and upgraded technologies to achieve established goals
• Recommend ideas or approaches to enhance the reconciliations processes performed in the area
• Represent line of business on projects acting as subject matter expert when appropriate
• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Strong knowledge of banking products and services
• Strong knowledge of complex accounting functions
• Strong knowledge of EIB Workday Uploads, DFE Uploads, and other imports methods
• Strong analytical and problem-solving skills to research and resolve discrepancies. Including utilizing various Excel techniques
• Proven Ability to perform reconciliation effectively while assessed on timeliness, accuracy, and proactive resolution of outstanding expectations
• Proven ability to utilize intermediate problem-solving techniques to research and resolve discrepancies
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
• Advance level proficiency with Microsoft Word, Excel, Teams, and Outlook

Education & Experience

• Associate’s degree required
• Bachelor’s degree in Accounting or equivalent combination of education and experience preferred
• 3+ years reconciliation experience required, preferably in financial services
• Experience in complex, high volume account reconciliation preferred

Hybrid Schedule

In office a minimum of 2 days/week (training will require up to 5 days per week in office for up to 8 weeks, depending on progress and business need)

Eligibility

Must be eligible to work in the U.S. without sponsorship now or in the future

Level of role is determined by knowledge, experience, skills, abilities, and education

Relationships & Compensation Transparency

For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Senior Reconciliation Specialist or Reconciliation Analyst level job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $21.40 to $27.65 per hour.

Award Transparency

#LI-MC1

Benefits

• Employer-sponsored health, dental, and vision insurance
• 401(k)
• Life insurance
• Paid vacation
• Paid personal time
• Career development
• Education assistance
• Voluntary supplemental benefits

Location & Time Type

Location: 922 Walnut St, Kansas City, Missouri 64106

Time Type: Full time

Company Culture Awards

Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team.

Equal Opportunity Employer

Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.