Accounting Specialist III - Enterprise Transaction Services

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for resolving operational accounting functions and issues in accordance with standard procedures. Key responsibilities include supporting the analyses of issues related to all operational accounting functions, such as general accounting, accounts payable, and accounts receivable. Job expectations include performing analytical research and leveraging judgment to make informed decisions using accounting systems and tools, following established processes, and handling exceptions and escalations within the Line of Business.

Line of Business Job Description:

Performs functions in accordance with standard procedures for Foreign Cash Letter Operations which is responsible for processing and perfecting of incoming foreign items/checks deposited by consumers (retail) through financial centers/lockbox locations and cash letters from corporate/commercial (direct send) customers. Receives mail, scans items, keys, and perfects foreign items. Handles exception items related to the process. Works directly with partners domestically and internationally including foreign exchange and Treasury Services partners.  Responds to inquiries/research requests daily.  

Work Shift/Hours:

• Monday - Friday | 8:00 am - 4:30 pm

Responsibilities:

• Reconciles bank accounts, posts information and balances general or subsidiary ledgers, processes payments, deposits, and transactions, and compiles segments of monthly closings

• Demonstrates an understanding of workflow processes and adheres to Service Level Agreements and federal and state laws, rules, and regulations

• Applies advanced analysis and adheres to operational accounting procedures, processes, and techniques to meet the requirements of the position

• Supports the execution of the end-to-end workflow process by using various processing/accounting systems and tools

• Assists with researching and analyzing procedures, cases, and situations as they arise

Required Qualifications:

• 1+ Years Accounting / Operations experience 

• Previous experience with general ledger

• Thorough understanding of debits and credits

• Ability to multi-task, work as team and independently

• Exhibit excellent verbal, written communication and interpersonal skills

• Strong problem-solving skills, attention to detail, proficient with numbers and effective organizational skills

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions, be a continuous learner

• Excels in working among diverse viewpoints to determine best practice to understand future business needs

• The ability to coach and train on all levels and assertive

• Strong research, technical, analytical, and decision-making skills

• Self-motivated and results oriented

• Operational accounting experience along with working knowledge of processes to include applicable policies and regulations

Desired Qualifications:

• Knowledge of Foreign checks and Exchange rates

• Experience with: CashManager, FDES, BOSS, Content Navigator, Imageview, OneService and P3/P3D

Skills:

• Business Acumen

• Financial Accounting

• Project Management

• Research

• Written Communications

• Analytical Thinking

• Attention to Detail

• Collaboration

• Regulatory Compliance

• Adaptability

• Business Process Analysis

• Critical Thinking

• Issue Management

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: