The posting
This position is responsible for monitoring, forecasting, and managing the Bank's daily cash settlement positions with the Federal Reserve Bank and correspondent banks to support liquidity management and funding activities. This role performs complex daily and monthly reconciliations, prepares and posts accounting entries, supports regulatory reporting requirements, and serves as a subject matter resource for specialized Accounting Operations processes.
The position conducts detailed analysis and research across multiple systems to identify, investigate, and resolve discrepancies, ensuring the accuracy and integrity of financial records. In addition, the Senior Analyst leads assigned department processes, maintains procedural documentation, supports cross-functional initiatives, and assists with training and operational support for other team members.
Responsibilities
- Cash Management & Settlement OperationsMonitor, forecast, and manage the Bank's daily cash settlement positions with the Federal Reserve Bank and correspondent banks. Coordinate investment and borrowing activities necessary to maintain appropriate liquidity and settlement balances. Initiate and process wire transfers with the Federal Reserve Bank and correspondent banks as needed. Import, review, analyze, and reconcile financial reports and cash position data received from multiple internal departments and external institutions. Review and process correspondent bank cash letter adjustments. Assist with investment and security purchase and sale activities. Complete daily Regulation F reporting for correspondent banking relationships.
- Reconciliation & Account AnalysisPerform daily and monthly reconciliations for: Federal Reserve Bank accounts, Correspondent bank accounts, Internal bank accounts, and Assigned general ledger accounts. Research, investigate, and resolve reconciliation discrepancies and outstanding items in a timely manner. Collaborate with internal teams to identify root causes and implement corrective actions. Ensure the accuracy and completeness of financial records through detailed account analysis and review. Provide backup support for assigned general ledger reconciliations and teller cash balancing activities, including communicating balancing discrepancies to teller supervisors.
- Journal Entries & Accounting SupportPrepare and post journal entries in multiple core systems. Process entries related to: Federal Reserve Bank activity, Coin and currency transactions, Internal bank accounts, Cash management transactions, Month-end accruals and other accounting adjustments. Support month-end and year-end accounting processes as assigned. Review and process indemnity bonds. Lead the annual escheatment process for official bank checks. Monitor and research stale-dated official bank checks. Coordinate disaster-related cashier's check disbursements when necessary. Submit federal deposit withholding payments on a biweekly basis.
- Operational Support & CollaborationServe as a subject matter resource for Accounting Operations processes and systems. Assist with onboarding, training, and answering questions from Accounting Operations Analysts. Identify opportunities to improve processes, increase efficiency, and strengthen controls. Maintain, update, and enhance Accounting Operations procedures and process documentation. Ensure compliance with internal controls, banking regulations, and established procedures. Provide backup support for other accounting operations functions as assigned. Build and maintain strong working relationships with internal business partners through effective communication and collaboration.
Bell Bank Culture, Policy and Accountability Standards
- Know and live Bell Bank’s values, bottom line, customer service standards, Golden Rules, and LOCBUTN by building personal connections with customers and employees and using their names as often as possible.
- Conduct activities consistent with established Bell Bank policies, procedures and systems, the Code of Conduct, the Bank Secrecy Act and all applicable state and federal laws and regulations.
- All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
- Prompt and reliable attendance.
- Perform other duties as assigned.
Education, Experience, and Other Expectations
- Bachelor’s Degree in Accounting, Finance, Business, or a related field required; equivalent combination of education and relevant experience may be considered.
- 2-4 years of banking operations, accounting operations, treasury management, or financial services experience.
- Experience with cash management, liquidity forecasting, correspondent banking, or settlement operations preferred.
- Experience with Nautilus, Signature, Cognos, Prologue, Wire Exchange, Viewpointe, Federal Reserve systems, or similar applications preferred.
Knowledge, Skills, and Abilities
- Strong analytical, reconciliation, and problem-solving skills with the ability to independently research and resolve complex issues.
- Advanced Excel and reporting skills with demonstrated ability to leverage technology and automation to improve efficiency.
- Proficiency in multiple banking and financial systems with an understanding of transaction flows across departments.
- Strong organizational skills with exceptional attention to detail, accuracy, and follow-through.
- Effective verbal, written, and interpersonal communication skills.
- Ability to manage multiple priorities, meet deadlines, and work independently in a fast-paced environment.
- Ability to maintain strict confidentiality and exercise sound judgment when handling sensitive financial information.
- Demonstrated ability to provide guidance, training, and operational support to team members without formal supervisory responsibility.
