Bank Reconciliation Senior Analyst null

Working Arrangement:

Hybrid

Job Description:

The Bank Reconciliation Senior Analyst will be primarily responsible for supporting the business unit, namely, Treasury Compliance and Control team. The Bank Reconciliation Senior Analyst reports to the Technical Lead of Treasury Compliance & Control. In this position, the incumbent is responsible for a variety of accounting and reconciliation functions. These include, but are not restricted to bank reconciliations, account reconciliations (cash, suspense, AP, stale-dated, inter-company,) adjusting cash entries and JETs, monitoring and settling inter-company balances for AP, reporting (regulatory and management,) covering Asia and North America Business Units.

Roles and Responsibilities:

• Act as a key resource and actively support the North American & Asia project and Business Unit stakeholders in bank reconciliations, account reconciliations, reporting and technical support. 
• Bank Reconciliations: As part of the team, ensure that bank reconciliations between bank statements and cash subledger for operational cash accounts are provided. Provide oversight over other operational cash accounts to ensure reconciliations are being prepared and outstanding items are cleared. Investigate unusual or non-routine discrepancy items. Ensure receipt of bank statements and agree to balance on reconciliations. Perform monthly comparison of outstanding cheques to ensure status at banks agrees to what is on-file; update as necessary. Ensure clean-up of closed accounts, including initiation of closure of BI code.
• Account Reconciliations: Review/prepare reconciliations of Treasury-owned accounts. Monitor Treasury-owned accounts and ensure outstanding items are investigated and cleared on a timely basis. Review, prepare and process various month-end journal entries and accruals to clear errors and align cash account balances and suspense accounts for financial reporting purposes.
• Operational Support: Review, monitor and prepare daily Balance and Weekly Trend Report. Review, monitor and prepare weekly status updates for aged outstanding items and identify appropriate steps to resolve and sign off. Review, monitor and prepare the monthly bank reconciliation package. Discuss with the Technical Lead, Manager and  Business Unit Stakeholders including follow throughs of aged outstanding items and identify appropriate steps to resolve and sign off following the escalation process.
• Perform all control functions (including key SOX controls) as required to mitigate risk.
• Identify risks and issues and update status to business unit counterparts on regular basis.
• Assist team with day to day operation escalations and peer feedback in relation to key performance indicators (SLA and quality.)
• Act as the key trainer for new and existing team members on bank reconciliation process, systems and reporting.
• Recommend ongoing process improvements that may be tracked through working group and help with the implementation.
• Participate in various accounting, expense, finance projects as they arise.
• Participate in agile meetings.
• Perform other ad hoc tasks as assigned by the Business Unit (process improvement, creating and updating procedure maps/guides, expense analysis, bank reconciliation models, etc.)

Qualifications

• Bachelor’s Degree in Commerce, Business Administration, Finance or related area
• CTP, CPA or another treasury/finance related certification.  Knowledge of treasury operations and bank reconciliations process is required. 
• Experience as SME of bank reconciliations and problem solving related to account reconciliations.
• Ability to learn the technical side of a Treasury System (with a focus on bank reconciliations and cash ledger.)
• Ability to troubleshoot problems, exhaust available options and determine when escalation or engaging outside help is required.
• Ability to work in ambiguous environment and adapt to change while managing time and workload with aggressive timelines.
• Excellent analytical and problem-solving skills.
• Strong interpersonal skills and ability to work effectively across cultures.
• Excellent English written and verbal communication skills.
• Intermediate to Advanced knowledge of Excel (i.e. mastery of excel formulas and pivot tables is a must; VBA is a plus). Proficient in MS Office suite including Outlook, Word, Power Point, and Project.
• Willing to work on mid shift and night shift and overtime may be required to meet business deadlines.