The Role
Manages daily cash settlement and liquidity activities with Federal Reserve and correspondent banks. Performs complex reconciliations, account analysis, journal entries, regulatory reporting, and discrepancy resolution. Supports month-end and year-end accounting, banking operations, process documentation, internal controls, training, and cross-functional initiatives. Serves as a subject matter resource for Accounting Operations and helps improve processes, efficiency, and compliance.
Summary Generated by Built In
Job Summary & ResponsibilitiesThis 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
Bell Bank Culture, Policy and Accountability Standards
Education, Experience, and Other Expectations
Knowledge, Skills, and Abilities
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 Operations
- Monitor, 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 Analysis
- Perform 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 Support
- Prepare 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 & Collaboration
- Serve 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.
Skills Required
- Bachelor's degree in Accounting, Finance, Business, or a related field, or equivalent education and relevant experience
- 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
- Experience with Nautilus, Signature, Cognos, Prologue, Wire Exchange, Viewpointe, Federal Reserve systems, or similar applications
- Strong analytical, reconciliation, and problem-solving skills
- Advanced Excel and reporting skills, including use of technology and automation
- Proficiency with multiple banking and financial systems and transaction flows
- Strong organizational skills, attention to detail, accuracy, and follow-through
- Effective verbal, written, and interpersonal communication skills
- Ability to manage multiple priorities, meet deadlines, and work independently
- Ability to maintain confidentiality and exercise sound judgment with sensitive financial information
- Ability to provide guidance, training, and operational support without formal supervisory responsibility
Bell Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bell Bank and has not been reviewed or approved by Bell Bank.
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Strong & Reliable Incentives — Bonuses and performance incentives are a recurring component of pay, including in some frontline and part-time roles. Variable pay appears to augment base salaries across multiple job families.
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Equity Value & Accessibility — An employee stock ownership plan is highlighted alongside profit sharing, giving employees accessible ownership participation. This structure can add long-term value beyond base pay.
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Leave & Time Off Breadth — Paid vacation and holidays, bereavement leave, and paid volunteer hours are included. Parental leave options (maternity, paternity, adoption) further broaden time-off coverage.
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The Company
What We Do
People matter at Bell Bank – and it shows in how our team members treat each other, our customers and those around us. As members of the Bell Bank family, we provide unequaled personal service, working in the best interest of those we serve. Our award-winning workplace promotes success, recognizes achievement – and offers an environment focused on having fun while helping others. At Bell, we build careers. We build community. We positively impact lives around us. Employees are actively encouraged to volunteer (receiving 16 hours of paid volunteer time annually), and our unique Pay It Forward initiative has empowered more than $17 million in employee giving to people and causes we care about. Founded in 1966 and headquartered in Fargo, North Dakota, Bell has grown to become one of the nation’s largest independently owned banks. A family- and employee-owned company, Bell has full-service bank locations in North Dakota, Minnesota, and Arizona and mortgage offices in multiple states. Bell Bank is a Member FDIC, Equal Employment Opportunity Employer and an Equal Housing Lender (we lend without regard to race, color, religion, national origin, sex, handicap or familial status). Investment and wealth management services are not FDIC insured, have no bank guarantee, may lose value, not a deposit and not insured by any federal government agency.
