Job Details

The City Bank Reconciliation Accountant is responsible for overseeing and managing the bank reconciliation process for the city's financial operations. This includes reconciling city bank accounts with general ledger entries, identifying discrepancies, and working with internal and external teams to resolve any issues. This role ensures the accuracy of financial data and helps maintain the integrity of the city's cash management system.

Key Responsibilities:

• Bank Reconciliation:
  • Reconcile city bank accounts to the general ledger on a monthly basis, ensuring all transactions are accurately recorded.
  • Identify and investigate discrepancies between bank statements and general ledger entries, taking corrective actions as necessary.
• Transaction Analysis and Review:
  • Review monthly banking transactions, including deposits, withdrawals, and electronic transfers.
  • Verify the accuracy of all financial transactions related to city accounts.
  • Ensure proper documentation and support for all bank-related transactions.
• Internal Controls and Compliance:
  • Ensure adherence to internal controls and city policies regarding cash management and bank account reconciliations.
  • Assist in monitoring and enforcing compliance with governmental regulations related to bank account management.
• Reporting and Documentation:
  • Document all reconciliation processes and maintain an organized record of all supporting documentation for audit purposes.
• Discrepancy Resolution:
  • Investigate and resolve any discrepancies in bank statements or accounting records, collaborating with other departments or financial institutions as needed.
  • Follow up on outstanding checks, deposits, and other reconciling items to ensure timely resolution.
• Audit Support:
  • Respond to audit inquiries regarding bank reconciliation and related financial matters.
• System and Process Improvement:
  • Assist in the implementation and improvement of accounting and reconciliation processes and software tools to enhance efficiency and accuracy.
  • Suggest enhancements to the bank reconciliation process to streamline workflow and reduce errors.

• Education:
  • Bachelor's degree in Accounting, Finance, or a related field (required).
• Experience:
  • Minimum of 1 year of experience in accounting or financial operations, with specific experience in bank reconciliation.
  • Experience working in a government or public sector setting is preferred but not required.
• Skills:
  • Strong understanding of accounting principles, bank reconciliation processes, and cash management.
  • Proficiency with accounting software and Microsoft Excel.
  • Attention to detail and accuracy in financial reporting.
  • Excellent analytical, problem-solving, and organizational skills.
• Personal Attributes:
  • Strong communication skills to work with other departments and resolve discrepancies effectively.
  • Ability to work independently and as part of a team.
  • High level of integrity, confidentiality, and professionalism.
  • Ability to meet deadlines and prioritize tasks in a fast-paced environment.