Bank of America Finance Analyst - General Accounting in Riverside, Rhode Island
This role is predominately focused on: Perform reconciliations
The Global Internal Reconcilement & Control (GIRC) organization is within the Corporate Controller group in CFO. The team consists of 100 employees located in Hyderabad and Gurgaon, India and Providence, Rhode Island. Our key priority is performing balance sheet GL and bank owned DDA reconciliations on behalf of Finance and lines of business in compliance with the Enterprise Account Reconciliation Policy, and subsequent EZREC reporting and sign off. The team is also responsible for identifying any risks associated with the reconciliations performed, self reporting them to the Global Reconciliation Governance team and working with their LOB partners through issue resolution. There are approximately 4500 reconciliations performed in total, and new reconciliations are added each year as new lines of business approach GIRC for their services.
The Finance Analyst position is primarily responsible for performing daily, weekly or monthly reconciliations on behalf of his/her LOB partners. The analyst will obtain the appropriate ledger, sub ledger and activity support and complete a thorough reconciliation, document evidence of the reconciliation and explain any reconciling items. On a monthly basis, the analyst will report details of his/her reconciliations in EZREC and provide attestation that all policy requirements were complied with. Most of the analyst's interactions will be with his/her internal team and direct LOB partners. The analyst will be introduced to new business partners as part of the Account Migrations process which brings in new reconciliations to be performed by GIRC. In these instances, the analyst will work with the project team to onboard new reconciliations to be added to their portfolio. This role will present development opportunities in the areas of financial analysis, business partnering, process improvement and issue resolution.
Enterprise Role Overview
Responsibilities are similar to the intermediate finance analyst in general accounting, but they are of less magnitude and involve limited authority. While individuals work independently on general accounting activities, such as general ledger preparation, processing of accounting records, general ledger or subsidiary system activity, and maintenance of the general ledger, they work under the direction of senior staff on complex projects and analyses
BS/BA - Finance/Accounting preferred
Advanced Excel, Modeling, Data Manipulation
Comfort working with complex Financial Products
1-2 years experience in financial/accounting industry
Experienced in business partnering and resolving issues
Strong communication skills
Self-starter; able to quickly learn new concepts and operate with limited supervision
SAP/eLedger, Oracle GL
Experience performing GL reconciliations to subledgers or bank statements
Experienced in general ledger research
Experience with documentation of a financial process
Problem solving capability
Ability to participate in projects with guidance from project lead
Posting Date : 01/10/2017
Location : US-RI-Riverside
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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