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Reconciliations Clerk 2
Location:Mackey Street Head Office
Job Type:Accounting
FT/PT Status:Regular Full Time
  

Major Responsibilities:

The Reconciliations Clerk II is responsible for conducting end-to-end reconciliations of bank accounts, certain critical general ledger (“GL”) accounts, and settlement and clearing activities associated with the Bank’s credit card, debit card, ATM, and merchant-acquiring services. This role ensures the financial integrity of transactional records through the identification, investigation, and resolution of discrepancies in a timely manner. The reconciliation function forms a core part of the Bank's financial risk management, with the following but not limited to:  


GENERAL RESPONSIBILITIES:

BANK RECONCILIATION

  • Retrieve and review daily bank statements across multiple financial institutions (i.e. local and correspondent banks), including demand and term deposits (“CD”) bank account types.
  • Match incoming and outgoing transactions to internal records and system postings.
  • Investigate and resolve discrepancies such as unposted items, unauthorized transactions, or timing differences.
  • Ensure timely posting of bank fees, interest income, and other adjustments.

GENERAL LEDGER RECONCILIATION

  • Compare ledger balances to supporting records (e.g., system sub-ledgers, bank statements, third-party files) to confirm that balances are correct and justified.
  • Perform daily, weekly, or monthly reconciliations depending on the account’s transaction volume and risk level.
  • Monitor and clear items posted to suspense or clearing accounts, ensuring they are resolved and allocated to the correct accounts in a timely manner.
  • Validate that transactions from Visa/Mastercard settlement files are posted to the correct accounts and match internal processing systems.
  • Reconcile GL accounts related to credit card receivables/payables, interchange fees, card scheme settlements, chargebacks, and fraud write-offs.
  • Track merchant fees, commissions, and chargebacks through associated GL accounts.
  • Ensure that reversals or adjustments (e.g., disputed transactions) are appropriately reflected in the ledgers.

Qualifications, Skills and Experience:

At a minimum, a high school diploma, and three (3) years of experience within the accounts payable/financial processing function.
Exposure to directing other clerical employees and communicating with internal and external stakeholders to resolve business issues is preferred.
Strong proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook). 
Exceptional organizational and multitasking skills. 
Excellent communication skills, both written and verbal. 
Proven ability to maintain confidentiality and act professionally while using good judgment.
Excellent time management skills and proven ability to meet deadlines. 
Ability to function well in a high-paced environment

 

Personal Attributes:
The incumbent must maintain confidentiality, use sound judgement and perform independently while performing the duties of the Reconciliations Clerk 2 and demonstrate the following personal attributes:

- Maintain standards of conduct
- Display characteristics of honesty, integrity and sound work ethics
- Be respectful
- Be flexible

Remuneration Package:
Commonwealth Bank is a Great place to work!
We offer an exciting work environment with the opportunity for growth and development. We also offer a competitive compensation package, reflecting the successful applicant’s experience and qualifications, including a performance based incentive plan, health, vision, dental and life insurances and a pension plan.

"Commonwealth Bank sincerely thanks all applicants for their interest in becoming a part of our team, however, only those applications being considered will be contacted."