Job Listings

Bank Reconciliation Specialist

3700 S. Stonebridge Dr. McKinney, Texas
Job number: 4646

Job Description:

Bank Reconciliation Specialist

Primary Duties & Responsibilities

Job Summary

Reconcile bank accounts to general ledger and complete within established SOX guidelines. Reconciliations performed in Trintech Cadency Financial software suite. Identifying a range of outstanding reconciliation items (unmatched items, paid not issued, paid amount difference, encoding errors). Research and resolve outstanding items in timely manner. Contacting appropriate bank resources for any banking errors. Contacting appropriate departments for any keyed ledger errors. Check several different banking institutions for Positive Pay exceptions through network banking system. Research exception bank items and make a decision online to pay or decline the exception checks.   Issue, void and place a stop payment on checks within the network banking system. Additionally, reconcile general ledger suspense accounts.  Identify and research outstanding suspense items and notify proper department for resolution. Resolve outstanding suspense items in a timely manner. Coordinate outstanding issued checks with Unclaimed Property and update banking reconciliation reports.

 

Primary Duties & Responsibilities

  • Daily Duties:

  • Reconcile posted ledger activities to activities from the bank using ReconNet.
  • Reconcile posted ledger activities in assigned suspense accounts using Certification.
  • Identify and research outstanding items using multiple software resources.
  • Make correcting Journal Entries or communicate outstanding items to proper department for resolution.
  • Check for Positive Pay Exceptions in several different banking institution through network banking.
  • Issue, void and place stop on checks through network banking.
  • Research exception items and make a decision online to pay or decline exception checks.

Periodic Duties:

Monthly:

  • Reconcile posted ledger activities in assigned suspense accounts using ReconNet and Certification.
  • Identify and research outstanding items using multiple software resources.
  • Make correcting Journal Entries or communicate outstanding items to proper department for resolution.
  • Maintain check registers for issued, outstanding, and paid checks.
  • Compare and balance ReconNet outstanding to bank outstanding.
  • Scan bank statements and reconciliations and upload to Certification software.
  • Complete reconciliation compliance using Certification software.

Yearly:

  • Prepare outstanding issued checks for Unclaimed Property processing.
  • Coordinate with Unclaimed Property staff for two year old outstanding transfer.
  • Coordinate with banks to remove outstanding checks from reconciliation balancing reports.

 

Occasional Duties:

  • Organize and file reconciliation related documentation.

 

 

Required Skills

Knowledge, Skills, & Abilities

  • Two years experience in related work.
  • Advance Microsoft Excel skills including ability to set up spreadsheets for reconciliation balancing.
  • Proficient use of Microsoft Word and Outlook.
  • Type 35 wpm
  • 10-key by touch (accuracy a must)
  • Infor-Lawson General Ledger system a plus
  • Trintech Cadency Reconciliation system a plus
  • Excellent communication skills both oral and written.
  • Excellent organization skills must be accurate and efficient.
  • Proficient PC and Internet navigation skills.

Required Knowledge & Experience

Education & Work Experience

  • High School diploma or equivalent.
  • Associates degree in Accounting/Finance preferred.
  • Two to five years General Accounting experience and/or training.

 

Location: 3700 S. Stonebridge Dr. McKinney, Texas

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Current employees apply here.

Savings and Investment Plan (401K) - Eligible employees may begin participating in the plan on the first day of employment.

Pension Plan - Eligible employees who complete one year of service with the Company become participants in the Pension.* (Not available to Cleveland Employees)

Medical - Benefits are available to all eligible employees and qualified dependents the first of the month following 30 days of continuous service.

Dental** and Vision - Eligible employees and qualified dependents are able to enroll the first of the month following 30 days of continuous service.

Flexible Spending Accounts (FSA) - Our FSA has two components, Health Care and Dependent Care Accounts. These accounts allow employees to set aside a portion of their earnings on a pre-tax basis to cover out-of-pocket medical and dependent care expenses. Participation is elected on a calendar year basis and is available to all eligible employees the first of the month following the completion of 30 days of continuous service.

Health Savings Accounts (HSA) - A pre-tax Health Spending Account (HSA) is offered to those who enroll in the High Deductible Plan. It allows you to pay for many of the health care expenses not covered by your medical plan including deductibles and co-pays. Participation is elected on a calendar year basis and is available to all eligible employees the first of the month following the completion of 30 days of continuous service. Company contribution to HSA ($4500 family, $2500 single plans)

Short-Term Disability - Eligible employees may be entitled to salary continuance during periods of temporary disability. Benefits are based on employee status and years of service.*

Group Life and Long-Term Disability** - Eligible employees may elect life insurance and long-term disability coverage the first of the month following 30 days of continuous service.

Vacation and Paid Holidays - Employees are eligible for vacation upon the completion of six months of employment. In addition, the Company offers eight paid holidays.

Education Assistance - The Company supports employees who wish to continue their education to secure increased responsibility and growth within their professional careers. We offer a reimbursement program for expenses incurred through approved institutions of learning. In addition, Fellow, Life Management Institute (FLMI) and International Claim Association (ICA) program courses are offered after the completion of six months of services at no cost to the employee.

Fitness Reimbursement - Eligible employees are able to receive up to 100% reimbursement for monthly dues (employee only).

Supplemental Plans** - Cancer, Heart/Stroke, Accident.

*Please note, some benefits may vary by subsidiary. Please be sure to clarify with the Human Resources Department.
**Company paid benefit

Do I have to apply for every job that I am interested in? - Yes. Though our Talent Acquisition Team searches our database for qualified candidates, the only way to ensure that we know what position is of interest to you is if you apply for it directly.

Now that I've applied, what happens? - You will receive an immediate response from our system. Someone from our Talent Acquisition Team will review your qualifications and skills. If you're a good fit, we'll contact you to conduct an initial interview by phone, followed by assessment testing and an in person interview(s).

How do I get the contact information of the hiring manager for the job I am interested in? - It is our policy not to give contact information to external applicants. If, after you apply, it is determined that your skills and qualifications match our hiring needs, you will be contacted directly for an interview by someone on our Talent Acquisition Team.

I've been interviewed, what's next? - If selected, we'll extend a conditional offer. Then, pending a successful background check and drug screen, we'll confirm a start date.

The Whole Globe

Globe Not only is it in our name, it’s in our hearts. Our Company thrives off of diversity and has created a culture focused on inclusivity. These two components are the pillars of our foundation and the guiding principles that build our employees and leaders.

No Ceiling

SmileThe insurance industry may be traditional, but Globe Life has been, is, and always will be dedicated to building an inclusive, sustainable, and inspiring environment that does not have a ceiling on growth.