Job Description

We are seeking an experienced and dedicated Reconciliation & Proofing Analyst to join our operations team within the finance industry. This is a developing professional role for an individual with a solid 6-7 years of experience in reconciliation processes, capable of applying specialized knowledge to monitor, assess, analyze, and evaluate financial data and processes. The analyst will be responsible for reconciling various accounts and activities, identifying policy gaps, formulating recommendations for procedures, and ensuring data integrity. The role requires meticulous attention to detail, strong analytical acumen, advanced proficiency in Microsoft Excel, and excellent communication skills to effectively manage discrepancies, conduct follow-ups, and ensure compliance with internal policies and external regulations. The successful candidate will operate with a high degree of independence while also collaborating effectively within a team structure.

Key Responsibilities

• Perform daily reconciliations of general ledger balances to sub-ledgers and other relevant accounts, ensuring accuracy and completeness.
• Identify, investigate, and clear accounting exceptions and mismatched items across various financial activities.
• Prepare comprehensive reconciliation packages and detailed exception reports, such as those utilizing the RADAR system, for review by designated 'Checkers'.
• Analyze recurring issues and actively contribute to the development and implementation of process improvements to enhance efficiency and control.
• Monitor the status of aged breaks on balance sheet accounts, driving timely resolution and minimizing financial exposure.
• Exercise sound judgment regarding the proper application of accounting principles (including US Generally Accepted Accounting Principles - US GAAP) to all reconciliation activities.
• Effectively communicate reconciliation findings, statuses, and issues with team members, management, and business partners.
• Respond promptly and accurately to requests for information from the Balance Sheet Substantiation team.
• Ensure all financial reporting deadlines related to reconciliation activities are consistently met.
• Participate in and/or lead projects aimed at improving reconciliation processes, data quality, and operational efficiency.
• Appropriately assess risk in all business decisions, demonstrating particular consideration for the firm's reputation and safeguarding its assets. This includes driving compliance with applicable laws, rules, and regulations, adhering to policy, applying sound ethical judgment, and escalating, managing, and reporting control issues with transparency.
• Develop a working knowledge of industry practices and standards, integrating established disciplinary knowledge with an understanding of related industry practices within the financial sector.

Qualifications

• 6-7 years of solid and credible reconciliation experience within the finance industry, particularly in operations. Experience with securities is highly desirable.
• Bachelor’s/University degree or equivalent experience in Accounting, Finance, or a related field. CPA or commensurate local accreditation is a significant plus.
• Advanced proficiency in Microsoft Excel (e.g., pivot tables, VLOOKUP, complex formulas) is mandatory.
• Strong analytical and problem-solving skills, with the ability to identify inconsistencies in data or results, define business issues, and formulate recommendations on policies, procedures, or practices.
• Excellent verbal and written communication skills to articulate complex reconciliation issues clearly and concisely to diverse audiences, including management and business partners.
• Strong interpersonal skills, with a proven ability to work independently in an unsupervised capacity, while also being a collaborative team player.
• In-depth knowledge of financial industry operations, accounting principles (US GAAP), and an appreciation for regulatory requirements.
• Demonstrated ability to act with sound judgment and integrity, especially when assessing risk and handling sensitive financial data.

#Li-KG1

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Job Family Group:

Operations - Transaction Services

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Job Family:

Reconciliation and Proofing

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Time Type:

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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