Bank Reconciliations Manager

Description : Bessemer Trust is recruiting 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 various transactions / bookkeeping entries in various accounting systems
• Maintain accurate approval records and prepare materials to assist in yearly audits
• Lead a proposed project to modernize and automate Cash Reconciliations at Bessemer 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 Bessemer
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 Bessemer's Federal Reserve EUAC (End User Authorization Contact) and oversee Finance department access to Federal Reserve Bank Reporting Central
o Review Bessemer'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