Sr. Reconcilement Services Specialist

Cathay Bank Accounting Position

People Drive Our Success Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities. Apply today!

General Summary

Responsible for back-office and multiple accounting support functions associated with branch deposit operations, while following established policies and department procedures.

Essential Functions

1. Own the reconciliation framework for key accounts, ensuring completeness, accuracy, and timely resolution of discrepancies.
2. Review and perform next day reconciliation of branch cash balances, Branch Capture reconciliation, Teller Exchange GL balancing, monitor various branch suspense GL such as Teller Cash Shortage, Teller Cash Overage, Suspense Resources, Suspense Liabilities and GL Unidentified Suspense. Prepare and provide complete and timely reconciliation report.
3. Perform daily reconciliation of Due From Bank accounts, ATM balancing, and reconciliations of other assigned accounts and general ledgers related to deposit functions.
4. Identify out of balance conditions, coordinate remediation with applicable branch or department and compile supporting documentation for accounts and general ledgers.
5. Responsible for the balancing and reconciliation of Cash Vault GL and post currency and coin adjustment. Report counterfeit Cashier Check.
6. Handle complicated inquiries from branches, departments and auditors regarding reconciliations and adjustments.
7. Perform monthly certifications of various assigned accounts.
8. Prepare and submit periodic and annual Federal and State Tax reporting for deposit related transactions and accounts.
9. Serve as a key backup for operational accounting responsibilities and supervision coverage.
10. Back up for Prefunding checking reconciliation, Bank Checks balancing & Cash Vault reconciliation.
11. Reconcile charge off GL account activity with losses report, identifying any one sided entries
12. Review/ approve wire reconciliations and various suspense GL reconciliations
13. Solid working knowledge of job functions associated with assigned duties within the back office centralized environment.

Qualifications

Education: High school graduate. Some college preferred, but not mandatory.

Experience: Minimum three years of banking or accounting/bookkeeping experience. Branch or back-office experience is strongly preferred.

Skills/Ability: Excellent math skills, analytical, detail oriented and the ability to identify and evaluate irregular or suspicious transactions. Strong communication skills and ability to effectively interact with branch personnel. Proficient computer skills and use of MS Word and Excel.

Other Details

$24.96 – $26.39 / hour Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.