Phaxis

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Bank Reconciliations Manager

Woodbridge, NJ 07095

Posted: 02/06/2025 Employment Type: Direct Placement Job Number: 24650390 Pay Rate: 115000-130000 USD/Year

Job Description

Our client, a leading Asset Management firm has a great opportunity available for a Bank Reconciliations Manager to join the Bank Operations Group based in Woodbridge, NJ.

The successful candidate will be responsible for:

Bank Reconciliations:

Managing the Bank Reconciliations team and reviewing/approving all reconciliations, including:
General Ledger Accounts (liability, asset and receivable accounts)
Domestic and international bank accounts
Security purchases, sales, dividends and interest
Various bookkeeping accounts
Transactions against the Fed statements
Help the team research breaks, coordinate with other departments and clear exceptions
Approval of various transactions / bookkeeping entries in different accounting systems
Maintain accurate approval records and prepare materials to assist in yearly audits
Lead a proposed project to modernize and automate
Cash Reconciliations via a Vendor Solution
Act as department liaison with external vendors as needed
Create & maintain detailed process documentation for reconciliation procedures
Implement controls to ensure timely reconciliation for daily, weekly and monthly book closure
Assist other members of the Bank Operations team around deadlines with time sensitive projects


Experience with Banking Controls and performing Risk Assessments is preferred:

Analyze controls & provide feedback to minimize risk related to banking activities, including:
o Perform yearly ACH Risk Assessments
o Review NACHA updates regarding ACH rule changes & analyze impact to the firm
o Coordinate with Internal Audit to conduct self-assessment for the Fed Assurance Program
o Ensure proper segregations of duties and use of dual-approval in critical banking systems
o Oversee System Access and User Administration for critical banking systems
o Act as the company's Client EUAC (End User Authorization Contact) and oversee Finance department access to Client Bank Reporting Central
o Review company's procedures to maintain compliance with OFAC/BSA requirements, Wire Travel Rule, Reg-E, Remittance Transfer Rule and efforts of Fraud Prevention

Act as liaison between Bank Operations and Information Security, Compliance and Internal / External Auditors and Regulators


Qualifications:

Bachelor's degree
Experience and education in accounting is a plus
Nacha's Accredited ACH Professional certification (AAP) is preferred
Familiarity with reconciliation platforms, business processes and financial systems
Strong math and analytical skills
Proven organizational skills with great attention to detail
Proficient in Microsoft Excel and Word
Good communication skills
Strong work ethic, self-motivated, and detail oriented
Must work well in a team environment
Be available to work unannounced overtime when needed

Manager experience is necessary for this role

Meet Your Recruiter

David Glickman

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About Woodbridge, NJ

Ready to embark on a fulfilling career journey in Woodbridge, New Jersey? This vibrant area nestled in Middlesex County is brimming with job opportunities and endless possibilities for professional growth. From the picturesque landscapes of Merrill Park to the bustling atmosphere of Woodbridge Center Mall, there's something for everyone in this thriving community. Take a stroll through the artsy Downtown Woodbridge and catch a show at the historic State Theatre. Indulge in a delicious slice of Woodbridge's famous pizza or explore the diverse culinary scene that lines Main Street. Join our team and discover why Woodbridge is not just a place to work, but a place to thrive. Explore our job listings today and kickstart your career in this charming and bustling region!
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Drew Anson

Chief Delivery Officer

Drew Anson is Chief Delivery Officer at Phaxis, a Workforce Solutions Company based in New York.

In this role, Drew leads the delivery and recruiting working closely with the leadership team to define a model that is efficient at supporting the firm s current needs and is scalable for future growth.

Drew is a seasoned executive with more than 13 years of Services & Recruitment experience. In that time, he has supported numerous Fortune 100/500/1000 organizations across industries by providing global workforce solutions, namely resources and thought leadership for large-scale projects, implementations, and managed services.

Prior to joining Phaxis predecessor firm Park Hudson in 2021, Drew spent three years at engineering technology and talent solutions firm, Collabera, as Director of Sales in North Carolina. Earlier in his career, he spent nearly eight years at Insight Global, most recently as Sales Manager of the Columbus, OH office.

He holds a degree from Central Michigan University in Sales & Marketing.

Favorite Book: Extreme Ownership Jocko Willink & Leif Babin
Favorite Team: Michigan Wolverines
Inspirational Quote: There is no substitute for hard work. Thomas A. Edison