Bank Reconciliations Manager - Phaxis LLC

Our client, a leading Asset Management firm has a great opportunity available for a Bank Reconciliations Manager to join the Bank Operations Group based in Woodbridge, NJ.

The successful candidate will be responsible for:

Bank Reconciliations:

Managing the Bank Reconciliations team and reviewing/approving all reconciliations, including:
General Ledger Accounts (liability, asset and receivable accounts)
Domestic and international bank accounts
Security purchases, sales, dividends and interest
Various bookkeeping accounts
Transactions against the Fed statements
Help the team research breaks, coordinate with other departments and clear exceptions
Approval of various transactions / bookkeeping entries in different accounting systems
Maintain accurate approval records and prepare materials to assist in yearly audits
Lead a proposed project to modernize and automate
Cash Reconciliations via a Vendor Solution
Act as department liaison with external vendors as needed
Create & maintain detailed process documentation for reconciliation procedures
Implement controls to ensure timely reconciliation for daily, weekly and monthly book closure
Assist other members of the Bank Operations team around deadlines with time sensitive projects


Experience with Banking Controls and performing Risk Assessments is preferred:

· Analyze controls & provide feedback to minimize risk related to banking activities, including:
o Perform yearly ACH Risk Assessments
o Review NACHA updates regarding ACH rule changes & analyze impact to the firm
o Coordinate with Internal Audit to conduct self-assessment for the Fed Assurance Program
o Ensure proper segregations of duties and use of dual-approval in critical banking systems
o Oversee System Access and User Administration for critical banking systems
o Act as the company's Client EUAC (End User Authorization Contact) and oversee Finance department access to Client Bank Reporting Central
o Review company's procedures to maintain compliance with OFAC/BSA requirements, Wire Travel Rule, Reg-E, Remittance Transfer Rule and efforts of Fraud Prevention

· Act as liaison between Bank Operations and Information Security, Compliance and Internal / External Auditors and Regulators


Qualifications:

Bachelor's degree
Experience and education in accounting is a plus
Nacha's Accredited ACH Professional certification (AAP) is preferred
Familiarity with reconciliation platforms, business processes and financial systems
Strong math and analytical skills
Proven organizational skills with great attention to detail
Proficient in Microsoft Excel and Word
Good communication skills
Strong work ethic, self-motivated, and detail oriented
Must work well in a team environment
Be available to work unannounced overtime when needed

Manager experience is necessary for this role