The GL Reconciliation Analyst is responsible for complex EFT settlement and GL balancing, daily analysis of GL's, network reports, and related implementations of EFT transactions. This includes Bill Pay, ACH, ATMs, ITMs, Branch, ATM and ITM Image deposits, FSCC shared branching, COOP/STAR network activity, Credit Card activity, check collection, check deposits in transit. The GL Reconciliation Analyst ensures transactions are properly rolling to the general ledger, such as ACH, Shared Drafts, ATM, Shared Branch, Cash accounts and network activity are in balance, and that all journal entries are posted timely and accurately to the accounting system.
Requirements
- Responsible for daily balancing of the ACH settlement file between Catalyst and GLs.
- Responsible for processing and balancing shared branch, Check Collection, Sempra, Bonds, CUDL report, daily remittance (Lockbox) GL, cash advances and foreign items.
- Reviews, balances and posts the Daily System Import File.
- Responsible for balancing and posting the daily Cenlar file to general ledger.
- Responsible for balancing the daily DNA Trials, GL Proof, Cash box, and Cenlar trailers.
- Responsible for daily balancing of all correspondent bank accounts ((Catalyst, FRB, FHLB and ) ; interfaces with all banks regarding stop payments, returned items, other issues, etc..
- Responsible for daily balancing of Share Drafts and Deposits in Transit; and for following up to resolve any outstanding issues in a timely manner. Interfaces with the member services department and branches regarding missing or returned deposits.
- Assists in closing the books by preparing several journal entries related to Repossessed vehicles, Indirect loans;
- Responsible for posting all daily, weekly and monthly journal entries for departments throughout the credit union using Prologue.
- Verify and prepare JE for negative shares and ODP write off and recovery, Responsible for monthly Charge-Off and Recovery analysis.
- Responsible for daily posting of activity and monthly balancing and reconcilement of credit card portfolio (PSCU)
- Responsible for weekly and monthly ATM General Ledger balancing: ATM withdrawals/ Cash, deposit and COOP/STAR settlements; Responsible for Preparing COOP/STAR entries.
- Responsible for preparing daily liquidity and Cash Activity Balances Report of the CU such as: FR2900 report to FRB, corporate checks issued, and processing stop payments/voids.
- Support Implementation of ongoing efficiencies and new credit union services.
- Responsible for making biweekly federal and state backup withholding payments.
- Prepares and reconciles various general ledger analysis, including the bank reconcilements.
- Prepares the monthly stale dated checks report, post to the GL, as well as the processing of yearly escheatment of Credit Union checks to the state.
- Supports the department in researching and solving out of balances, errors and suspense problems.
- Responsible for ensuring that the bi-weekly federal and state income tax backup Withholding payments are made; Prepare a quarterly report of State Income Tax Withholdings for EDD (State of California). Prepare and reconcile tax liability/tax deposit form 945-A.
- Responsible for maintaining and updating accounting procedures.
- Assists Senior Accountants in maintaining the DNA tables which includes general ledger access, adding and modifying collateral and purpose codes, setting up and modifying branch codes to ensure transactions are properly rolling to the general ledger.
- Update deposit rate changes in DNA, Internet and Share Point as needed and back-up for updating the weekly deposit pricing for rate changes.
- Must be able to cover A/P invoices and month end accruals and reconciliations as needed.
- Other related duties as assigned.
- Supports and participates in continuous improvement activities.
Benefits
- Medical
- Dental
- Vision
- Life Insurance
- Flexible Spending Account
- 401(k) Matching
- Paid Time Off
- Training Provided
- Tuition Reimbursement
