Banking Accounting Associate

Job Description for Banking Accounting Associate

Job Title: Banking Accounting Associate

Position Overview:

We are seeking a detail-oriented and dependable Banking Accounting Associate to support daily banking and cash accounting operations. This role involves processing bank transactions, reconciling bank accounts, investigating discrepancies, and assisting with treasury-related reporting. The ideal candidate is analytical, well-organized, and comfortable working in a fast-paced environment.

Key Responsibilities:

 Perform daily reconciliation of bank accounts to the general ledger and investigate any discrepancies.

 Record and process bank transactions, including deposits, payments, transfers, and returned items.

 Assist with the month-end close process, including preparation of journal entries for cash and banking activity.

 Coordinate with internal departments to resolve issues related to unidentified payments, returned checks, or cash discrepancies.

 Monitor and reconcile credit card, ACH, and wire transactions.

 Maintain banking records and documentation in accordance with internal controls and audit requirements.

 Support the Treasury team in preparing cash flow and banking reports as needed.

 Assist with compliance and control procedures related to banking and cash handling.

Qualification & Experience Required:

 Bachelor’s degree in Accounting, Finance, or related field (or equivalent work experience).

 1 to 3 years of experience in accounting, preferably with exposure to banking, treasury, or cash management functions.

 Strong attention to detail and accuracy in data entry and reconciliations.

 Proficiency in Microsoft Excel and experience with NetSuite and other ERP systems (e.g., Oracle, SAP) is a prerequisite.

 Good communication and organizational skills.

Preferred:

 Experience in a large corporate or shared services environment.

 Familiarity with treasury or banking platforms (e.g., JPMorgan Access, Bank of America).

 Retail or multi-location business experience.