Reconcilement Analyst

Overview

Monitor account activity for the Payment Solutions Demand Deposit Accounts and General Ledger systems to ensure accuracy, integrity and compliance with all audit procedures, processes and established controls.  Process and reconcile routine account issues.

Responsibilities

Essential Functions

  1. Balances assigned accounts on a regular basis in accordance with banking and departmental policies and procedures. Uses established departmental processes for reconcilement activities including enratry identification to balance the account, communication with designated department personnel regarding questionable entries, and follow-up to ensure entries are cleared in a timely manner within audit rules and regulations.
  2. Reviews accounts and verifies that the company has received funds to cover card loads for specific card programs. Identifies issues, investigates and researches problems and elevates issues beyond scope of authority.
  3. Verifies that MasterCard, Visa, Star, and Efunds debit the DDA accounts for the correct amount of settlement activity.
  4. Monitors processor provided reports to verify that the amount of cardholder fees and revenue are posted to the fee/Rev account correctly. Accounts for a variety of items such as cardholder fees, interchange revenue and fees, and miscellaneous network fees.
  5. Manages and communicates the clearing of all exception processing and corrections ensuring compliance with both internal and external audit policy requirements.
  6. Works closely with other members of the internal team including the client relationship manager of the assigned programs, the client, and/or the processor to resolve questions with the entries and follow up on outstanding items to ensure they are processed within established timelines.
  7. Monitors and analyzes account activity to ensure accurate processing systems and controls are in place that minimize accounting losses for assigned settlement and posting actions.
  8. Ensures accounts remain in compliance and outstanding items are resolved.
  9. Performs other duties as assigned.

Qualifications

Education/Experience Requirements

Preferred Requirements

Employment with The Bancorp includes successfully passing a background check including credit, criminal, OFAC, education and past employment.

 

The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

The Bancorp is an Equal Opportunity Employer

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