Senior Reconciliation Specialist- Wealth Operations

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: $20.90 - $24.00 (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 $20.90 to $24.00 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 to learn more.

Location: 922 Walnut, Kansas City, Missouri 64106

Time Type:

Full time