Reconciliation Specialist
Blue Foundry Bank
About Blue Foundry Bank
This is the Bank Where Things are Made. Blue Foundry is a bank where businesses are shaped, plans are formed, ideas are refined, solutions are built, and stuff gets done. Blue Foundry is revolutionary, bold, resourceful, roll-up-your-sleeves committed, smart, creative and fun. A Bank of movers, shakers, and makers…We are a Bank that Gets Things Done.
At Blue Foundry Bank we invest in the well-being of our most prized asset…our employees! We provide a robust array of programs and benefits to help employees advance their careers and enhance the quality of their lives. Our experiential learning and development program ensures employees are on track to grow their career as of day one.
In addition, our comprehensive compensation package includes; medical, dental, and vision coverage; life insurance, short- and long-term disability insurance; 401(k)/Roth with company match up to 5%; paid time off, and 11 paid holidays; employee referral bonus; and educational reimbursement.
Position Summary
The Reconciliation Specialist is responsible for ensuring the accuracy and integrity of financial transactions by reconciling accounts, identifying discrepancies, and resolving issues in a timely manner.
The ideal candidate will have strong problem-solving skills, experience in financial analysis, and a keen eye for detail.
Primary Responsibilities
+ Prepare daily reconciliations assigned to the Accounting and Finance Department, including but not limited to:
+ Federal Reserve Bank accounts
+ Federal Home Loan Bank accounts
+ Correspondent accounts
+ Loan and deposit principal and accrued interest accounts
+ Zero balance accounts
+ Cash on hand at the armored car service
+ Prepare weekly, monthly, and quarterly reconciliations as assigned to the Accounting and Finance Department
+ Ensure month-end reconciliations prepared by other departments are completed
+ Research and resolve reconciling items, escalating significant issues to management when necessary (e.g., material discrepancies, system disruptions, or changes to source data)
+ Prepare remittances for IRA and backup withholding to the IRS and the State of New Jersey
+ Maintain and update procedures related to job responsibilities
Additional Responsibilities
+ Input wire transfers as needed
+ Respond to internal and external audit inquiries
+ Provide backup support for Finance and Accounting staff as needed
Position Requirements
+ Associates degree required with a focus on Accounting
+ Prior accounting experience preferred, particularly in reconciliations or financial operations
+ Proficiency in Microsoft Excel and Word.
+ Familiarity with general ledger systems is preferred
+ Strong numerical ability and attention to detail for accurate reconciliations and financial analysis.
+ Excellent analytical, communication, organizational, interpersonal, and time-management skills to effectively handle multiple tasks and collaborate with teams.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ, national origin, disability or protected veteran status.
Come join the Blue Crew community and be part of our success!
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