Job Information
Commerce Bank Senior Reconciliation Specialist- Wealth Operations in Kansas City, Missouri
About Working at Commerce
Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.
Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.
Creating an award-winning culture doesn't come easy. And after more than 155 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.
Compensation Range
Hourly: $20.45 - $23.80 (Amount based on relevant experience, skills, and competencies.)
About This Job
The main purpose of this job is to execute reconciliation of complex accounting activities
Essential Functions
Perform daily, weekly, and monthly reconciliation responsibilities in a timely and accurate manner
Execute reconciliation of complex accounting activities, including processes of multiple financial product offerings, General Ledger Accounts, and various banking activities.
Demonstrate strong understanding of all business lines you support and functional requirements for that area
Perform reconciliations on large Suspense Accounts with 3,000 plus items a day, which are monitored by the Assistant Controller of Commerce Bank
Ensure all aged items are researched and resolved in an effective and efficient manner according to the aged item parameters.
Resolve extraordinarily complex reconciliation issues to limit financial liability and exposure to the organization
Ensure all reconciliation processes meet or exceed procedural requirements
Participate in projects to support future initiatives, such as implementing new and upgraded technologies to achieve established goals
Recommend ideas or approaches to enhance the reconciliations processes performed in the area.
Represent line of business on projects acting as subject matter expert when appropriate
Perform other duties as assigned
Knowledge, Skills & Abilities Required
Strong knowledge of banking products and services
Strong knowledge of complex accounting functions
Strong knowledge of EIB Workday Uploads, DFE Uploads, and other imports methods
Strong analytical and problem-solving skills to research and resolve discrepancies. Including utilizing various Excel techniques
Proven Ability to perform reconciliation effectively while assessed on timeliness, accuracy, and proactive resolution of outstanding expectations
Proven ability to utilize intermediate problem-solving techniques to research and resolve discrepancies
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Advance level proficiency with Microsoft Word, Excel, Teams, and Outlook
Education & Experience
Associate’s degree required. Bachelor’s degree in Accounting or equivalent combination of education and experience preferred.
3+ years reconciliation experience required, preferably in financial services.
Experience in complex, high volume account reconciliation preferred
* For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Senior Reconciliation Specialist – Wealth Operations job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $ 20.45 to $ 23.80 per hour .
#LI-Hybrid
The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here (https://careers.commercebank.com/us/en/benefits) to learn more.
Location: 922 Walnut, Kansas City, Missouri 64106
Time Type:
Full time
Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team.
Why Commerce? (https://www.commercebank.com/careers/about-commerce) Inclusion at Commerce How to Join Our Team (https://www.commercebank.com/careers/how-to-join-our-team)
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Equal Opportunity Employer
Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.