MB Financial Bank Reconciliation Specialist (Deposit Operations) - 6111 N. River Rd (T) in Rosemont, Illinois
This position is responsible for processing all activities associated with Account Reconciliation. In that capacity the incumbent will have responsibility to ensure the proper protocol is followed to safeguard the Bank assets, and the proper documentation is maintained to evidence the approval process for daily and monthly reconciliations andpresent findings to management.
TheReconciliation Specialistwill interact with internal business partners within and outside of the department, including Prepaid, Accounting and third parties, to clarify anything that cannot be deciphered during the reconciliation process.
**ESSENTIAL DUTIES AND RESPONSIBILITIES
_These are the most significant job duties performed. The size, scope and complexity of assigned duties and responsibilities are dependent on the level and experience of the incumbent. To perform this job successfully, an individual must be able to perform each assigned essential duty satisfactorily. Other responsibilities or special projects not specifically mentioned may also be assigned.
Responsible for reviewing and processing reconciliation items for the Bank’s General Ledgers and designated Demand Deposit Accounts, timely and accurately following policies and procedures.
Assists in protecting against the potential for monetary losses and internal/external fraud.**
Analyzes and resolves aging reports for outstanding balancing issues.
Responsible for daily and monthly reconciliation reporting.
Responsible for adhering to established service levels, and researching and retrieving information with a high degree of accuracy in order to accurately balance the extremely complex prepaid accounts.
Responsible forsettlement and oversight of and daily reconciliation processing of a complex assortment of merchant credits, declines, refunds, returns, chargebacks, adjustments, interchange, fees, and miscellaneous transactions.
Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required Compliance training.
Continuously supports the Bank’s Mission Statement and Core Values.
The requirements listed below are representative of the knowledge, skill, and/or ability required to perform this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Work Experience
Associates degree or equivalent and one or more years of related experiencein accounting, bank loan or deposit operations required; or equivalent combination of education and experience.
Experience in reconciliations, which can range from accounting reconciliations to reconciling differences similar to construction loan balancing or collateral monitoring activities is preferred.
Intermediate skills navigating bank systems, excel formulas and macros and running queries strongly desired. **_
**_Job –Specific Knowledge
To perform this job successfully, the individual needs to demonstrate knowledge of these areas as they relate to the primary functions of the job.**_
Customer Service -Professional demeanor with excellent telephone skills and etiquette. Utilizes various interpersonal styles and communication methods to positively assist and influence customers.
Finance & Accounting -Intermediate knowledge of accounting principles, bank accounting and general ledgers, applicable laws, and reporting of financial data.
Operational/Regulations Processes -Knowledge on organization’s policies, regulations, objectives, and initiatives according to the job’s responsibilities. Ability to conduct operational processes properly.
Risk/Compliance - Knowledge of one or more of the following: Auditing, System Auditing, Fraud Prevention, Risk Management, This includes knowledge of all applicable local and federal laws and regulations.
To perform the job successfully, an individual should demonstrate the following competencies.
Intermediate level user of Windows applications and Microsoft Office programs such as Word and Excel, and Nautilus software.
Accurately inputs information into and retrieves from the computer.
Thorough knowledge of software applications applicable to position/business unit.
Quickly learns and achieves proficiency in new software applications as needed.
Demonstrates extreme attention to detail. Ability to be laser focused with reviewing numbers on a daily basis and to quickly identify and resolve out of balance conditions.
Demonstrates strong math aptitude.
Ability to calculate figures and amounts such as discounts, interest, commissions and percentages.
Strong aptitude for understanding and analyzing large amounts of data from multiple sources.
Writes clearly and informatively. Edits work for spelling and grammar.
Presents organized and thorough information and data appropriate for intended audience.
Ability to read and interpret documents such as procedure manuals, legal documents, regulations, and statutes.
Time Management Skills__
Demonstrates follow-up skills.
Provides timely and professional support to all internal/external customers and vendors.
Prioritizes regular workload, special tasks and concurrent projects, allocating time and resources to ensure that work is completed accurately and efficiently within established time frame.
Consults with Team members and management as needed to complete assigned responsibilities.
Establishes and maintains effective, collaborative work relationships both internally and externally.
PHYSICAL DEMANDS & WORK ENVIRONMENT
The physical demands and work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to use hands to finger, handle, or feel; and to talk or hear.
The employee is frequently required to sit.
Must be able to lift 10-20 pounds occasionally, and 2-5 pounds frequently.
Cubicle work space with moderate noise level.
_Hours of Work
Normal business hours with extended hours,as needed.
Job is always fast-paced and deadline sensitive.
Stress levels may increase due to the increase of the Merchant Acquiring business and/or special projects and/or during peak times.
MB Financial is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.**
As a part of the MB Financial hiring process all applicants will be required to submit to and pass a pre-employment urine drug screening.