Bank Of America Sr Analyst-Settlement Accounting Merchant Services 

United States, Georgia 

211091927

Responsibilities:

• Understand accounting and key operational systems needed to perform research and applies expertise on these systems to resolve issues.

• Completes various month-end close tasks including preparation of account reconciliations compliant with company accounting policy, trending of P&L accounts, aging and risk reporting, and ensuring month-end close deliverables and deadlines are met.

• Prepares and analyzes accounting data by processing and interpreting accounts such as general ledgers, sub-ledgers, and operational settlement systems.

• Deep understanding of GL match pass set-up and maintenance of matching criteria documentation. Identifying and driving refinements to match pass set-up as production processes evolve.

• Validate reconciliation between reports and automated entries made from various systems.

• Analyze daily production reports to identify opportunities for improvement and report to management.

• Reviews, investigates, and corrects errors and inconsistencies in financial entries and reports.

• Provides project and production support including process design, testing, attendance on calls, and resolution of complex operational accounting issues.

• Create/support balancing and reconciliation using Monarch, attend design calls, create procedures, process maps, QA processes, LOB and SPI control metrics, testing, and production implementation support.

• Completes ad hoc reporting or analysis assignments as needed.

Required Skills:

• Must have work experience in Accounting (e.g., eLedger, Frontier, Monarch) and Settlement/Payments systems in the banking/financial industry.

• Strong ability to research, analyze and solve basic to complex accounting and operational issues.

• Knowledge of accounting systems with prior experience completing reconciliations and sub-ledger accounting

• Ability to deliver high quality work in fast-paced environment to meet client demands.

• Ability to collaborate with internal and external partners to resolve exceptions.

• Excellent interpersonal, written, and oral communication skills

• Strong ability to prioritize multiple tasks at once.

• Proficient in Microsoft Office Suite products (Excel, Word, SharePoint, PowerPoint) and Adhoc reports.

Desired Skills:

• BA / MA Accountancy preferred, or degree in related field (e.g., Accounting, Finance, Economics).

• Work experience in Global Accounting or Merchant Accounting preferred.

• Work experience in Credit Card/Merchant Services industry experience preferred.

• Work experience in ATM/payment processing, reconciliation and settlement or settlement accounting preferred.