Reconciliation Specialist

The role

The Reconciliation Specialist is a part of the Payments COE - Commercial Payments Services (CPS) Settlements Team and is responsible to ensure that all transaction volumes are processed and reconciled on a daily basis.  The reconciliation specialist will use excel as the source to perform daily reconciliation for each commercial partner’s daily activity between the FBO account and sub ledger accounts at Galileo.  The reconciliation specialist is also responsible for managing postings/exceptions.  Consistent communication with the CPS Galileo EPD (engineering & product) and Accounting is expected to ensure reporting and resolution of all differences are timely and accurate. As part of a dynamic team CPS Back Office representatives provide quality service and effective and efficient operational support for the assigned area's internal and external business partners as well as providing advice and assisting with training for less experienced team members. Individuals at this level are expected to use some independence of thought but to refer more complex problems to department management.

By joining SoFi you're joining a new kind of finance company based around speed transparency and alignment with our members’ interests. Our goal is to be the center of our members’ financial lives. We created student loan refinancing addressing the biggest financial challenge this new generation has through a new approach to lending. We expanded into other types of loans and then into insurance and wealth management with similarly inventive products. As the company has grown we’ve been able to help more people with these tools.

What You’ll Do:

• Daily completion of settlements for services associated with the CPS’s FBO accounts and sub ledgers with Galileo using Excel spreadsheets.
• Work with other Bank departments to rectify posting discrepancies
• Accurate and timely reporting of differences
• Reporting untimely resolutions to management
• Ensure changes are made to settlements as needed
• Ensure SOPs are kept up to date as changes are made
• Work with Product and Engineering for automation possibilities
• Other duties as assigned
• Qualified candidates are those who love variety in a fast- paced environment and work with an exceptional attention to detail and a high level of accuracy while meeting deadlines
• Tech savvy and possessing strong analytic and problem-solving skills are beneficial; knowledge of banking regulations is desired
• Successful candidates are flexible dependable team players and self-disciplined in time management

The hours of the position will be 8:00am – 5:00pm Monday through Friday.  These hours may change as volumes increase to meet daily deadlines. 

What You’ll Need:

• High school diploma – required Associates Degree in Finance/Accounting preferred
• Minimum of 3+ years of relevant banking reconciliation experience
• Deep understanding of how the financial world works
• Ability to analyze data with a strong attention to detail and accuracy
• Strong problem-solving skills
• Strong written and communication skills
• General accounting knowledge

What We Do

SoFi wasn’t built to be a bank. Or a technology company. We were built for one mission: help people achieve financial independence so they can realize their ambitions. Redefining an entire industry isn’t easy work—and it’s not for the faint of heart. It takes a certain kind of team. People with diverse perspectives and expertise united by a common sense of purpose. People willing to challenge assumptions but always do the right thing. People proving that innovation and responsibility don’t have to compete but can come together to create something truly unconventional in the world. For the last eight years we’ve been charting this new path forward. We call it The SoFi Way. At SoFi we don’t just talk about culture: we live it. The SoFi Way is how we show up every day how we make decisions and how we build for our members clients and each other.

Why Work With Us

Together with our members we’re changing the way people think about and interact with personal finance. We’re a next-generation Fintech company using innovative mobile-first technology to help our members reach their goals. The industry is going through an unprecedented transformation and we’re at the forefront.

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