Bank Reconciliation Specialist
Rainbow Apparel Co, New York, NY, United States
Founded in 1935, Rainbow USA Inc. is a leading women’s and children’s specialty retailer headquartered in Brooklyn, NY, with over 800 locations across the United States and the Caribbean. We offer trend‑driven, affordably priced apparel, footwear, and accessories through our family of brands, including Rainbow, Rainbow Plus, Rainbow Kids, 5.7.9., Marianne, Dots, Joyce Leslie, and Kids Spot.
Position Overview We are seeking a detail‑oriented
Bank Reconciliation Specialist
to join our Finance/Accounting team. This role is responsible for performing bank reconciliations, analyzing deposit activity, and supporting general ledger integrity across a large multi‑store environment. This is an excellent opportunity for an accounting professional looking to grow within a stable, fast‑paced retail organization.
Key Responsibilities
Analyze and reconcile banking transactions for approximately 400–500 retail locations using T‑Recs/IDM
Perform general ledger entries and reconciliations related to cash and banking activity
Review and analyze new store sales reports
Reconcile ACH and wire transactions within the Chase banking platform
Analyze e‑commerce and security deposit general ledger accounts
Reconcile Chase ACH/Discovery benefits accounts
Assist with quarterly unemployment insurance filings
Research and resolve banking discrepancies and account‑related issues
Prepare banking documentation for required signatures
Support special projects and perform other related duties as assigned
Required Skills & Abilities
Strong verbal and written communication skills
Proficiency in Microsoft Office, particularly Excel, and accounting systems (experience with T‑Recs/IDM preferred)
Solid understanding of accounting principles and reconciliation processes
Excellent analytical, organizational, and problem‑solving skills
High degree of accuracy and attention to detail
Ability to manage sensitive and confidential information
Education & Experience
Bachelor’s degree in accounting, Finance, or Business Administration
Minimum of 2 years of experience in accounting or finance
Retail industry experience preferred
Hands‑on experience with bank and general ledger reconciliations
Advanced Excel skills strongly preferred
Paid vacation, sick leave, and holidays
401(k) retirement plan with generous company match
Comprehensive medical, dental, vision, life, and disability insurance
Health Savings Account (HSA) and Transit Accounts
Health and financial wellness programs
Recognition for holidays, birthdays, and service milestones
On‑site fitness center and employee cafeteria
Free, secured parking
Equal Opportunity Employer Rainbow USA Inc. is an equal opportunity employer. All employment decisions are based on merit, qualifications, performance, and business needs. We do not discriminate on the basis of race, color, religion, age, marital status, national origin, ancestry, disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected by applicable law.
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Position Overview We are seeking a detail‑oriented
Bank Reconciliation Specialist
to join our Finance/Accounting team. This role is responsible for performing bank reconciliations, analyzing deposit activity, and supporting general ledger integrity across a large multi‑store environment. This is an excellent opportunity for an accounting professional looking to grow within a stable, fast‑paced retail organization.
Key Responsibilities
Analyze and reconcile banking transactions for approximately 400–500 retail locations using T‑Recs/IDM
Perform general ledger entries and reconciliations related to cash and banking activity
Review and analyze new store sales reports
Reconcile ACH and wire transactions within the Chase banking platform
Analyze e‑commerce and security deposit general ledger accounts
Reconcile Chase ACH/Discovery benefits accounts
Assist with quarterly unemployment insurance filings
Research and resolve banking discrepancies and account‑related issues
Prepare banking documentation for required signatures
Support special projects and perform other related duties as assigned
Required Skills & Abilities
Strong verbal and written communication skills
Proficiency in Microsoft Office, particularly Excel, and accounting systems (experience with T‑Recs/IDM preferred)
Solid understanding of accounting principles and reconciliation processes
Excellent analytical, organizational, and problem‑solving skills
High degree of accuracy and attention to detail
Ability to manage sensitive and confidential information
Education & Experience
Bachelor’s degree in accounting, Finance, or Business Administration
Minimum of 2 years of experience in accounting or finance
Retail industry experience preferred
Hands‑on experience with bank and general ledger reconciliations
Advanced Excel skills strongly preferred
Paid vacation, sick leave, and holidays
401(k) retirement plan with generous company match
Comprehensive medical, dental, vision, life, and disability insurance
Health Savings Account (HSA) and Transit Accounts
Health and financial wellness programs
Recognition for holidays, birthdays, and service milestones
On‑site fitness center and employee cafeteria
Free, secured parking
Equal Opportunity Employer Rainbow USA Inc. is an equal opportunity employer. All employment decisions are based on merit, qualifications, performance, and business needs. We do not discriminate on the basis of race, color, religion, age, marital status, national origin, ancestry, disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected by applicable law.
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