This role is that of a SME in the Recons domain. The role involves preparation and review of reconciliations of Balance Sheet Accounts of Bank of America adhering to Account Reconciliation Policy (ARP) and Account Reconciliation Standards (ARS) and to complete in timely manner to ensure all process SLAs are met.
Responsibilities
- Ensure that the reconciliations are performed as per procedures/standard policies.
- Ensure the balance sheet account transaction flow on accounts is understood and recorded in the process procedures.
- Ensure that the targets assigned in accordance with the SLAs are met.
- Rigorous follow up with LOB on open items & get the required documentation completed for aged items as per defined timelines.
- Ensure that quality of the Reconciliation is followed as per predefined parameters.
- Should have an excellent understanding of different balance sheet account reconciliations.
- Identify potential areas for process improvements, risk reduction, non-compliance & highlight the same to the supervisor.
- Provide relevant process reports on daily basis.
Skills & Qualifications
- Excellent understanding of accounting concepts
- Good exposure to Balance sheet reconciliation domain and tools
- Strong analytical and problem-solving skills
- Good communication skills
- Effective communication and leadership abilities
Experience
- 0-3 years of Balance sheet reconciliation experience
- Exposure to Six Sigma and other quality improvement tools would be an added advantage
Education
- B.Com / M.Com with MBA (Finance) Certifications If Any