Reconciliation Specialist
Reconciliation Specialist
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The Role:
The Reconciliation Specialist is a part of the Payments COE - Commercial Payments Services (CPS) Settlements Team and is responsible to ensure that all transaction volumes are processed and reconciled on a daily basis. The reconciliation specialist will use excel as the source to perform daily reconciliation for each commercial partners daily activity between the FBO account and sub ledger accounts at Galileo. The reconciliation specialist is also responsible for managing postings/exceptions. Consistent communication with the CPS Galileo EPD (engineering & product) and Accounting is expected to ensure reporting and resolution of all differences are timely and accurate. As part of a dynamic team CPS Back Office representatives provide quality service and effective and efficient operational support for the assigned areas internal and external business partners as well as providing advice and assisting with training for less experienced team members. Individuals at this level are expected to use some independence of thought but to refer more complex problems to department management.
By joining SoFi youre joining a new kind of finance company based around speed transparency and alignment with our members interests. Our goal is to be the center of our members financial lives. We created student loan refinancing addressing the biggest financial challenge this new generation has through a new approach to lending. We expanded into other types of loans and then into insurance and wealth management with similarly inventive products. As the company has grown weve been able to help more people with these tools.
What Youll Do:
Daily completion of settlements for services associated with the CPSs FBO accounts and sub ledgers with Galileo using Excel spreadsheets.
Work with other Bank departments to rectify posting discrepancies
Accurate and timely reporting of differences
Reporting untimely resolutions to management
Ensure changes are made to settlements as needed
Ensure SOPs are kept up to date as changes are made
Work with Product and Engineering for automation possibilities
Other duties as assigned
Qualified candidates are those who love variety in a fast- paced environment and work with an exceptional attention to detail and a high level of accuracy while meeting deadlines
Tech savvy and possessing strong analytic and problem-solving skills are beneficial; knowledge of banking regulations is desired
Successful candidates are flexible dependable team players and self-disciplined in time management
What Youll Need:
High school diploma required Associates Degree in Finance/Accounting preferred
Minimum of 3 years of relevant banking reconciliation experience
Deep understanding of how the financial world works
Ability to analyze data with a strong attention to detail and accuracy
Strong problem-solving skills
Strong written and communication skills
General accounting knowledge
Required Experience:
Unclear Seniority
Employment Type
Full Time
