Bank Reconciliation Specialist

Hybrid: Tuesdays and Wednesdays onsite

A Bank Reconciliation Specialist is responsible for ensuring the accuracy and integrity of financial records by comparing and analyzing bank statements with internal records. This role involves identifying discrepancies, investigating and resolving variances, and ensuring timely and accurate reconciliation of accounts. The specialist plays a critical role in maintaining financial accuracy and compliance, aiding in the preparation of financial reports, and collaborating with various departments to ensure seamless financial operations. Strong analytical skills, attention to detail, and experience with the Infor (former Lawson) financial software are essential for success in this role. The ideal candidate will have strong accounting knowledge and significant hands-on experience working in the Infor financial system.

Requirements

· Bachelor's in Accounting, Finance, or related field

· Proven experience in bank reconciliation or similar accounting role

· Strong understanding of accounting principles and practices

· Experience in Microsoft Office Suite as well as Infor accounting software required including the daily use of the GL, Cash Management and AP modules

· High level of accuracy and attention to detail

· Effective communication skills, both written and verbal

· Ability to work independently and as part of a team

· Strong organizational and time management skills

· Ability to handle sensitive information with confidentiality

· Experience with general ledger functions and the month-end/year-end close process

· Experience in providing training and support to team members

· Strong work ethic and professional integrity

Responsibilities

· Review and reconcile corporate bank statements with internal financial records

· Utilize Cash Management module within Infor to match transactions between the GL and bank

· Extract, analyze, and validate data from Infor Query

· Collaborate with IT and Infor system administrators to resolve system posting issues, workflow failures, or interface issues

· Use Infor Cash Management (CM) to track cash activity, verify cash ledger postings, and troubleshoot mismatched transactions

· Prepare daily, weekly, and monthly reconciliation reports

· Collaborate with accounting teams to ensure financial accuracy

· Maintain accurate records of transactions and reconciliations

· Assist in internal and external audits related to bank reconciliations

· Ensure compliance with company policies and accounting standards

· Update and improve reconciliation processes

· Respond to inquiries and support other departments regarding bank transactions and reconciliations