Accountant Bank Reconciliation

ROLE: Accountant Bank Reconciliation

DESIGNATION: Specialist, FAO

LOCATION: Chennai

YEARS OF EXPERIENCE: 4+ years

Concentrix is a technology-enabled global business services company specializing in customer engagement and improving business performance. We partner with ambitious, progressive executives around the world to future-proof their business and stay ahead of the competition and meet customer expectations.

Role Overview:

We are seeking a detail-oriented Specialist - Bank Reconciliation - to join our Finance & Accounting team. The role involves performing high-volume bank reconciliations, investigating and resolving reconciling items, and ensuring the accuracy of cash transactions. The ideal candidate will have strong knowledge of accounting, excellent analytical skills, and experience working with large transaction volumes in a fast-paced environment.

Role and Key Responsibilities:

• Perform monthly reconciliations of high-volume bank accounts and ensure timely completion.
• Reconcile bank statements with General Ledger (GL) balances and supporting records.
• Investigate, analyze, and resolve outstanding reconciling items and discrepancies.
• Load daily bank statement and Point-of-Sale (POS) data into reconciliation systems.
• Reconcile daily cash receipts, deposits, electronic payments, wire transfers, and bank charges.
• Prepare journal entries and support documentation for reconciliation adjustments.
• Collaborate with internal teams and banking partners to resolve variances.
• Prepare reconciliation reports and support internal and external audits.
• Ensure compliance with accounting policies, controls, and financial procedures.
• Identify opportunities to improve reconciliation processes and efficiency.

Key Skills and knowledge:

• Bachelors degree in accounting, Finance, Commerce, or related field.
• 4-5 years of experience in Bank Reconciliation, Cash Reconciliation, or General Accounting.
• Experience managing high-volume transactions and multiple bank accounts.
• Strong understanding of accounting principles, cash management, and financial controls.
• Solid knowledge of accounting concepts, General Ledger, journal entries, and reconciliations.
• Advanced Microsoft Excel skills, including Pivot Tables, XLOOKUP/VLOOKUP, SUMIFS, and data analysis functions. Proficiency in Microsoft Word and Outlook.
• Experience with ERP systems such as SAP, Oracle, NetSuite, or PeopleSoft.
• Experience with bank reconciliation tools/software preferred.
• Experience in retail, banking, shared services, or other high-volume transaction environments.
• Exposure to reconciliation platforms such as BlackLine, Trintech, or ReconNET.
• Experience supporting month-end close and audit activities.

Educational Qualification: Bachelors degree in accounting/finance

Disclaimer:

'Neither Concentrix nor any authorized 3rd party who assist with our recruitment process, ever ask candidates for recruitment, ‘processing’ or any other kind of fees in exchange for offer letters from Concentrix. Offer letters and other recruiting correspondence from Concentrix are printed on Concentrix letter head with authentic signatures of appropriate Concentrix authorities.'