Reconciliations Specialist M-F 8am-5pm

Essential Duties And Responsibilities Comprehends Fifth Third reconciliation policies and procedures; responsible for departmental compliance. Processes daily cash exceptions including rejected payments from retail and wholesale lockbox, BillPayer, ACH, and ACE. Research and perform adjusting entries in ACE or AFS to clear GL and wire account outages that are a result of processing errors involving financial transactions. Strong knowledge of Debit and Credit flow through various systems. Obtains correct supporting documentation as requested by internal/external audit and external regulatory agencies. Review and analysis of loan status and structure on AFS prior to posting financial transactions. Learn and keep updated on processing rules and proper procedures, system and business rules. Understands the assigned accounts, including how entries flow through the accounts, and how the activity affects other accounts. Responds to questions related to entries in the accounts. Escalates issues to management. Resolve discrepancies and issues with input documents. Communicate with internal customer to resolve payment/payoff issues prior to posting. Performs daily reconciliation of multiple general ledger and wire accounts. Track and follow-up on Aged items and escalates when appropriate to assure timely resolution. Identifies areas of process improvement to increase departmental efficiencies. Provide high level of customer service and develop relationships with various departments within Bank. Research, identify, and resolve items aging in accounts. Reviews entries using Mobius, Vector, Ace, Web Archive, Frontier and other research tools. Communicate with other Operations departments, financial controls, accounting, and/or LOB to identify and clear GL and wire account discrepancies. Monitor and report number of aged items in accounts to management. Uses knowledge of systems and processes to assist other reconcilers in researching and clearing difficult holdovers. Perform basic special projects as assigned and at the direction of Manager. Minimum Knowledge & Skills Required Associate's Degree preferred Minimum 3 years experience within commercial banking, accounting, or a related financial industry. Strong analytical and problem solving skills. Demonstrated professional interpersonal, written and verbal communication skills. Intermediate level in skills for Windows-based computer programs such as Microsoft Excel, Word, Outlook, Access. Proficient with the various Commercial Loan systems, AFS, Raft, Vector, ACE, Filenet, Mobius, Fifth Third Direct, etc preferred. Strong analytical skills. Working knowledge of debits, credits, and balancing. Ability to work independently and meet deadlines with a low margin of error. SUPERVISORY RESPONSIBILITIES: None. Reconciliations Specialist M-F 8am-5pm The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: LOCATION -- Cincinnati, Ohio 45227 Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status. #J-18808-Ljbffr Fifth Third Bank