Operational Accounting Assistant

About this role:

Wells Fargo is seeking a Operational Accounting Assistant

In this role, you will:

• Perform a variety of activities related to reconciling and balancing accounts
• Research and resolve moderately complex accounting issues and exceptions
• Resolve disputes for customers, clients and vendors, related to balancing situations
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications:

• 2+ years of Operational Accounting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 2+ years of overall experience in banking industry required.
• Bachelor degree in Commerce or Master in Business Administration with finance stream.
• Knowledge of Corporations Accounting and Controls standards and policies Broad Banking/Financial services experience.
• Experience in performing various reconcilements such as Cash/Nostros, Suspense and Subsystem.
• Proven understanding of accounting fundamentals as it relates to Nostros/Cash, Suspense and Subsystem reconcilements.
• Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment
• Detail oriented, results driven, and has the ability to navigate in a quickly changing and high demand environment while balancing multiple priorities
• Ability to research and report on a variety of issues using problem solving skills
• Proven ability/proficiency with the use of various types of automation.
• Proven knowledge of IRIS Web/Oracle GL processing.
• Ability to work both independently as well as within a team environment
• Proven knowledge of IRIS Web/Oracle GL processing.
• Thorough knowledge on Nostro/Vostro, Foreign Exchange, SWIFT
• Effective oral and written communication skills.
• Ready to work in Variable hours shift Mon-Fri, Start between 5:30 AM ending 3:30 AM IST (Next Day)
• International Banking Operations Experience
• Demonstrated understanding of the Corporate and Accounting Policy
• Proven Basic or intermediate Microsoft Excel, Word and Power Point skills
• Proven Basic Excel VBA/Macro Skill

Job Expectations:

• Perform daily detailed reconciliation for a variety of Commercial Banking business products like Nostro/Vostro, Payments Services, Trade Finance, Foreign Exchange, CDF, CRE, Treasury etc.
• Perform an end of day balance reconciliation between the Subsystem (i.e. Flexcube/Flex pay, Midas+, LoanIQ Tradeworks, RFX, IBIS) and General Ledger.
• Ensure the daily market fluctuation of a foreign asset/cash accurately recorded within the corporate GL, in US Dollars (Cash Substantiation).
• Review currency exposure or foreign exchange (FX) risk on the position level and report the valuation results on a regular basis (daily or monthly) based on an internationally accepted accounting principle.
• Investigate and escalate outstanding items as per accounting standard policy and OOB conditions on timely manner.
• Review and Approve documentation for aged items that exceed corporate standard
• Monitor and Validate daily/monthly reports received and loaded to the system to ensure accuracy in reconcilement and to avoid business impact.
• Assist with Books and Records month end close for the reconciliation includes detailed Nostro/GL Subsystem Cash Substantiation FX Position Supplemental (Multiple System Data comparison) Balance Sheet/P&L Certification
• Assist with Audit and Operations inquiries and will keep the manager aware of any concerns or special requirements.
• Follow up on inquiries submitted by various lines of business for resolution or escalation
• Analyze multiple system source data and provide the EOD report to Commercial Banking Operations department internal customer timely manner.
• Work closely with Oversight, Technology and Production Support team to resolve the issues/breaks.

• International Banking Operations Experience
• Demonstrated understanding of the Corporate and Accounting Policy
• Proven Basic or intermediate Microsoft Excel, Word and Power Point skills
• Proven Basic Excel VBA/Macro Skill

Posting End Date:

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.