Sr Accounting Specialist - Check Operations

Bank of America • Dallas, TX, United States • $200k - $250k / year • 3w ago

Sr Accounting Specialist - Check Operations

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow, and make an impact, along with the power to make a difference. Join us!

Job Description:
This job is responsible for resolving complex operational accounting functions and issues in accordance with standard procedures. Key responsibilities include conducting analyses of complex issues related to all operational accounting functions, such as general accounting, accounts payable, and accounts receivable. Job expectations include performing analytical research and leveraging judgment to make informed decisions using accounting systems and tools, following established processes, coaching and training employees, and handling exceptions and escalations within the Line of Business.

Responsible for the day-to-day resolution of complex operational accounting functions/issues including in-depth analysis. The incumbent will take appropriate action based on process characteristics of extremely complex issues related to all operational accounting functions. Must be considered a subject matter expert in operational accounting policies and routines. Complex decisions are made based on analytical research and judgment. Requires extensive experience and must follow established procedures & guidelines while utilizing multiple systems & tools. Handles escalated situations that were unable to be resolved by the Accounting Specialist. Provides coaching and training to other associates. Ensures compliance with Federal and Bank Regulations. Excellent communication and follow-up skills required. To appropriately investigate and decision issues, the incumbent will interact with multiple business partners. Communication includes process education, operational accounting education, setting appropriate expectations, or skillfully defusing the situation.

Responsibilities:

Maintains accurate and complete records including ledgers, invoices, and receipts by referencing documents to verify, record, and process transactions.
Prepares financial reports and budgets and assists with audits to resolve discrepancies.
Processes and organizes invoices to ensure bills are received and paid in a timely manner.
Demonstrates an understanding of workflow processes and adheres to Service Level Agreements and federal and state laws, rules, and regulations.
Manages the end-to-end workflow process by using various accounting systems and tools.
Researches and analyzes complex procedures, cases, and situations that may come up during account reconciliation activities.
Leverages the Content Navigator Reports and Reports loaded to the sites shared drive for the manual entries needed to reconcile the foreign Cashletters.
Resolve 'breaks' or unreconciled items and bank transactions between Cash Manager and multiple types of General Ledger (GL) / settlement accounts.
Create manual entries required to settle the United States Dollar (USD)/Canadian (CAD) and Canadian (CAD) Image Cashletters (ICLs) for items deposited to Integrated Deposit System (IDS)/Integrated Monetary Processing and Control (IMPACS)/World Banking System (WBS) accounts.
Monitor, review, and resolve Swift Messages in GIN.
Approve the entries (cashflows (trade legs)) for settlement in Cash Manager.
Perform daily review of the "Matching" tab on each function spreadsheet to ensure accuracy.
Perform daily review and reconcilement of all FCO general ledger accounts along with research and clearing exceptions.
Able to identify Breaks resulting from failed process steps within the Returns, Retail, and Direct functions.
Collaborates with PSPL and leadership team to identify training gaps.

Required Qualifications:

Must have 3-5 years of operational accounting experience along with working knowledge of processes to include applicable policies and regulations.
Excellent Communication skills.
Excellent accounting background (credits/debits, GL, reconciliation).
Excellent organizational skills with the ability to effectively prioritize daily workload/workflows, accurately and efficiently under pressure.
Ability to understand the fairly complex foreign item process risk and ensure timely reporting and escalation of critical risks & non-compliance with procedures, policies, standards.

Desired Qualifications: