Valley National Bank
Senior Reconciliation Specialist - Clifton, NJ
Valley National Bank, Clifton, New Jersey, us, 07015
Senior Reconciliation Specialist
Job Overview
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 Senior Reconciliation Specialist will be responsible for ensuring the accuracy and integrity of financial data through thorough reconciliation processes and plays a crucial role in ensuring the accuracy and integrity of financial transactions for General Ledger & Deposit Accounts.
Expected Work Hours 40
Responsibilities
Perform the regular reconciliations of complex financial transactions for general ledger and deposit accounts 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.
Prepare detailed reconciliation reports, summarizing findings and providing insights to management regarding trends and anomalies.
Assist in the preparation of financial statements by ensuring all reconciled accounts are properly reflected in the financial records.
Support internal and external audits by providing necessary documentation and explanations of reconciliation processes and findings.
Mentor junior team members, providing guidance on reconciliation best practices and financial reporting.
Develop and implement processes to streamline reconciliation procedures and enhance efficiency and accuracy.
Requirements Required Skills
Proficient in financial analysis software and tools, with advanced Excel skills including pivot tables and VLOOKUP.
Experience with financial databases and reporting systems.
Excellent verbal and written communication. Ability to write correspondence and present information to peers and management.
Excellent interpersonal & customer service skills, attentiveness, information retention, tact and diplomacy in dealing with peers.
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 5 years experience in Finance or Accounting.
Preferred Experience
FIS/IBS (Integrated Banking Solutions) knowledge. Associate or bachelor’s degree in a related field.
Full-time/Part-time Full-time
FLSA Non-exempt
Location(s) 925 Allwood Rd, Clifton, New Jersey 07012, United States
Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.
In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.
Job Details Pay Range: $23.17 – $38.65 / hour
Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.
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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 Senior Reconciliation Specialist will be responsible for ensuring the accuracy and integrity of financial data through thorough reconciliation processes and plays a crucial role in ensuring the accuracy and integrity of financial transactions for General Ledger & Deposit Accounts.
Expected Work Hours 40
Responsibilities
Perform the regular reconciliations of complex financial transactions for general ledger and deposit accounts 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.
Prepare detailed reconciliation reports, summarizing findings and providing insights to management regarding trends and anomalies.
Assist in the preparation of financial statements by ensuring all reconciled accounts are properly reflected in the financial records.
Support internal and external audits by providing necessary documentation and explanations of reconciliation processes and findings.
Mentor junior team members, providing guidance on reconciliation best practices and financial reporting.
Develop and implement processes to streamline reconciliation procedures and enhance efficiency and accuracy.
Requirements Required Skills
Proficient in financial analysis software and tools, with advanced Excel skills including pivot tables and VLOOKUP.
Experience with financial databases and reporting systems.
Excellent verbal and written communication. Ability to write correspondence and present information to peers and management.
Excellent interpersonal & customer service skills, attentiveness, information retention, tact and diplomacy in dealing with peers.
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 5 years experience in Finance or Accounting.
Preferred Experience
FIS/IBS (Integrated Banking Solutions) knowledge. Associate or bachelor’s degree in a related field.
Full-time/Part-time Full-time
FLSA Non-exempt
Location(s) 925 Allwood Rd, Clifton, New Jersey 07012, United States
Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.
In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.
Job Details Pay Range: $23.17 – $38.65 / hour
Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.
#J-18808-Ljbffr