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Commercial Card Reconciliation Analyst

Chester, , United Kingdom

Job Description:

Job Title: Commercial Card Banking and Administration Analyst

Location: Chester

This position reports to the Commercial Card Operational Support Manager and is part of a team responsible for the daily reconciliation of all EMEA & Asia Commercial Card GL accounts, researching, documenting and resolving potential exception items and ensuring all work is completed within assigned timeframes.

The role is specifically responsible for carrying out several settlements and reconciliation activities for the EMEA Commercial Card programmes and assisting with similar activities for the APAC programme.

The role is also required to assist with General Admin activities dependent on capacity requirements with both the Reconciliation and Administration teams.

The Team:

You will join a well-established, friendly and supportive team that will ensure you will have every opportunity for success with the bank. You will receive mentorship, guidance and the prospect of a fulfilling career with us.

Role Description:

Daily and monthly reconciliation and settlement activities including to be understood:-

• Daily review of GL accounts owned by Commercial Card Ops to ensure items remain within the internal ageing guidelines; Completion of matching/splitting items to clear potential exceptions

• Daily balance reviews and completion of reconciliations through the reconciliation reporting tool; • Review the reconciliation ‘breaks’ report; investigate and resolve any breaks that are reported

• Ensure month end account balancing report completed via GRG tools including ownership of GL accounts and submission of entries in reporting tool.

• Point of contact for internal Customer queries and assisting colleagues with complex reconciliation queries

• Verification of settlement figures to pay settlements to Card Network in all relevant currencies and obtain appropriate approval before instructing relevant Treasury Services team to make payment directly to Network

• Prepare for the settlement of MCBS advisements & reconcile MasterCard charges.

• Perform regular reviews of Desktop Procedures – updating where necessary or creating new procedures.

• Reconcile domestic interchange revenue & post month end journals

• Maintain trackers for SLA Reporting.

• Complete regular MI reporting.

• Manage smaller work streams/projects required as part of overall Operations Project Team deliverables.

• Monitor, reconcile and pay invoices received from Vendors.

• Assist with general Admin activities where necessary participating in activities related to payment processing, Direct Debits, monetary adjustments and general account maintenance.

Core Skills:

•           Previous reconciliation experience in a Card environment preferred.

•           Working knowledge of Oracle Financials, Recon Plus, EzRec, Frontier Finance preferred.

•           Previous experience of T-Sys system preferred.,

•           Ability to prepare, post and reconcile all relevant general ledger entries.

•           Good knowledge of Word and Excel.

•           Experience of managing and participating in long term projects.

•           Flexibility to work to different deadlines such as month end reporting activities.

•           Take ownership for the processes assigned to your role.

•           Analytical ability and systematic approach to examining information. 

•           Ability to meet tight deadlines and work on own initiative.

•           Experience of working in a control focused environment.  

Nice to have

  • Experience working with back office functions such as Direct Debits, rejected payments, monetary adjustments.
  • Previous experience working for a Commercial Card or Business Card product, especially using the T-Sys system
  • Experience of working with Reconciliations of general ledger and bank accounts

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H7

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Commercial Card Banking and Administration Analyst

Location: Chester

This position reports to the Commercial Card Operational Support Manager and is part of a team responsible for the daily reconciliation of all EMEA & Asia Commercial Card GL accounts, researching, documenting and resolving potential exception items and ensuring all work is completed within assigned timeframes.

The role is specifically responsible for carrying out several settlements and reconciliation activities for the EMEA Commercial Card programmes and assisting with similar activities for the APAC programme.

The role is also required to assist with General Admin activities dependent on capacity requirements with both the Reconciliation and Administration teams.

The Team:

You will join a well-established, friendly and supportive team that will ensure you will have every opportunity for success with the bank. You will receive mentorship, guidance and the prospect of a fulfilling career with us.

Role Description:

Daily and monthly reconciliation and settlement activities including to be understood:-

• Daily review of GL accounts owned by Commercial Card Ops to ensure items remain within the internal ageing guidelines; Completion of matching/splitting items to clear potential exceptions

• Daily balance reviews and completion of reconciliations through the reconciliation reporting tool; • Review the reconciliation ‘breaks’ report; investigate and resolve any breaks that are reported

• Ensure month end account balancing report completed via GRG tools including ownership of GL accounts and submission of entries in reporting tool.

• Point of contact for internal Customer queries and assisting colleagues with complex reconciliation queries

• Verification of settlement figures to pay settlements to Card Network in all relevant currencies and obtain appropriate approval before instructing relevant Treasury Services team to make payment directly to Network

• Prepare for the settlement of MCBS advisements & reconcile MasterCard charges.

• Perform regular reviews of Desktop Procedures – updating where necessary or creating new procedures.

• Reconcile domestic interchange revenue & post month end journals

• Maintain trackers for SLA Reporting.

• Complete regular MI reporting.

• Manage smaller work streams/projects required as part of overall Operations Project Team deliverables.

• Monitor, reconcile and pay invoices received from Vendors.

• Assist with general Admin activities where necessary participating in activities related to payment processing, Direct Debits, monetary adjustments and general account maintenance.

Core Skills:

•           Previous reconciliation experience in a Card environment preferred.

•           Working knowledge of Oracle Financials, Recon Plus, EzRec, Frontier Finance preferred.

•           Previous experience of T-Sys system preferred.,

•           Ability to prepare, post and reconcile all relevant general ledger entries.

•           Good knowledge of Word and Excel.

•           Experience of managing and participating in long term projects.

•           Flexibility to work to different deadlines such as month end reporting activities.

•           Take ownership for the processes assigned to your role.

•           Analytical ability and systematic approach to examining information. 

•           Ability to meet tight deadlines and work on own initiative.

•           Experience of working in a control focused environment.  

Nice to have

  • Experience working with back office functions such as Direct Debits, rejected payments, monetary adjustments.
  • Previous experience working for a Commercial Card or Business Card product, especially using the T-Sys system
  • Experience of working with Reconciliations of general ledger and bank accounts

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-21084615

Band: H7

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE