Financial Reconciliation Controls Associate, Payment Operations - Reading, PA or Dorchester, MA
Location
Reading, PA | United States
Job description
Financial Reconciliation Controls Associate, Payment Operations - Reading, PA or Dorchester, MA
Reading, United States of America
Financial Reconciliation Controls Associate, Payment Operations - Hybrid
- Supports processing of payments and related activities.
- Provides recommendations on how to improve processes or changes the performance results relating to payment processing and supporting activities - and is expected to serve as a Subject Matter Expert.
- Utilizes data and analyses to identify trends and issues as well as provides recommendations to resolve.
- Plays a role in implementing the processes.
- Hybrid position working 2-3 days in our office which is located in either Reading, PA, or Dorchester, MA.
Job Description
- Responsible for the day-to-day operations of the company's business units.
- Aims to deliver superior service to clients by driving and optimizing the effectiveness and efficiency of people, processes, and technology thereby enhancing financial performance, increasing investment capacity, and managing risk.
- Builds sustainable repeatable capabilities that support delivery of the highest standards of service and execution.
- Analyzes and reviews data tools, business processes, and operational standards to execute service delivery.
- Will evaluate and ensure that operations meet company objectives, business needs, service agreements, and relevant requirements.
- Researches and monitors the external landscape to identify developments and translate them into operational implications for the company.
Essential Functions/Responsibility Statements:
- Serves as a Subject Matter Expert and fully understands processes and their impact on the overall business.
- Analyzes, identifies, and implements potential process and systems enhancements to create efficiencies and reduce resource allocation for routine tasks, procedures, and reports; assists in the completion of projects and uses discretion to determine the methods to meet established goals.
- Designs, implements, and maintains payment policies and procedures, intending to standardize processes and procedures for scale.
- Process full cycle procure-to-pay process for broadcasters and trade vendors; including but not limited to vendor on-boarding, reconciling vendor statements, preparing and/or reviewing purchase orders, invoice coding, tax compliance, and weekly payment runs.
- Creates ad-hoc reports as requested in a timely and accurate manner, assists senior management with various tasks and items as needed, and complies with all company policies and departmental procedures, ensuring honest and ethical conduct at all times while maintaining a positive attitude.
- Prepares weekly cash forecast reporting to ensure proper funds are allocated for weekly payout cycles.
- Identifies trends in payment processing and related activities, and uses trending to make strategic business decisions.
- Identifies potential opportunities for process improvement and report automation using various methods, i.e. databases, spreadsheets, external data sources, IT development, and executes changes to systems with little or no impact.
- Contributes to month-end close responsibilities; including general ledger account reconciliations (i.e. accounts payable / accruals), purchase order review, booking manual journal entries, and sub-ledger maintenance.
- Prepares, produces, and validates daily, weekly, and monthly reports measuring, monitoring, and alerting the business regarding unforeseen shifts in performance.
- Maintains external data files and input values into various reports in an efficient manner.
- Assists in ensuring proper tax documentation is on file for all vendors and helping with the monthly/annual tax reporting requirements.
- Participates and collaborates on the development of existing systems or new system implementations
Qualifications:
- To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
- The requirements listed below are representative of the knowledge, skill, and/or ability required.
- Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education:
- Bachelor’s degree or equivalent work experience in Accounting, Business Administration, Economics, Finance, Mathematics, or Statistics - Required
Work Experience:
- Accounting experience in accounts payable and accounting., 5-9 years - Required
Skills and Abilities:
- Strong analytical and mathematical skills
- Advanced knowledge of Microsoft Word, Outlook, PowerPoint, and Excel, including the ability to create and work with Pivot Tables, SUMIF , and VLOOKUP functions, and exposure to Macro
- Experience with SQL or Microsoft Access is a plus
- Ability to successfully manage competing priorities with oversight and vision of various projects and initiatives to achieve organizational goals and deliver results
- Familiarity with Regulation E Dispute Processing for Consumer International Wires
- Ability to calculate figures and amounts such as interest, percentages, and volume
- Proven ability to work on high-level value-add ad hoc projects while continuing to achieve routine goals
- Familiarity with various US payment methods and rules
- Comfortable operating within a fast-paced and high-volume environment
- Experience coordinating projects and leading programs for a financial services company or department
Diversity & EEO Statements:
- At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
- Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.
Working Conditions:
- Frequently minimal physical effort such as sitting, standing, and walking.
- Occasionally moving and lifting equipment and furniture are required to support onsite and offsite meeting setup and teardown.
- Physically capable of lifting up to fifty pounds, able to bend, kneel, and climb ladders.
Employer Rights:
- This job description does not list all the job duties of the job.
- You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based on your performance of the tasks listed in this job description.
- The employer has the right to revise this job description at any time.
- This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Bachelor of Science (BS) English More than 5 years of relevant work
Primary Location: Reading, PA, Santander Plaza
Other Locations: Pennsylvania-Reading,Massachusetts-Dorchester
Organization: Santander Bank N.A.
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