Staff Accountant, Balance Sheet Accounts Reconciliation

1. Client TPA Bank Reconciliations

• Prepare daily bank reconciliations for assigned client TPA accounts within a high-volume environment of approximately 130 bank accounts.
• Reconcile bank transactions to applicable accounting records, subledgers, client records, and other supporting systems.
• Ensure the accuracy, completeness, and timely completion of bank account reconciliations and related cash activity.
• Identify and investigate unreconciled differences, including timing differences, posting errors, missing or duplicate transactions, unidentified activity, outstanding checks, and deposits in transit.
• Research reconciling items and work with appropriate stakeholders to drive items to timely resolution.
• Validate daily cash activity and ending bank balances to ensure reconciliation accuracy.
• Maintain complete, organized, and audit-ready reconciliation documentation and supporting evidence.
• Ensure assigned reconciliations are completed within established daily and monthly deadlines.
• Identify unusual activity, recurring reconciliation issues, or potential process gaps and escalate them to management as appropriate.

2. Month-End Close Support

• Support monthly, quarterly, and annual close activities related to bank reconciliations and cash accounting.
• Ensure assigned bank reconciliations and related supporting documentation are completed in accordance with established close deadlines.
• Validate bank and cash-related balances and work closely with Claims Disbursement department to research discrepancies identified during the close process.
• Prepare and/or support month-end client reporting for assigned TPA accounts, ensuring reported cash activity and balances are complete, accurate, and supported by finalized bank reconciliations.
• Review client reports for accuracy and completeness and investigate discrepancies prior to submission.
• Ensure client reporting packages are completed in accordance with established deadlines and applicable client requirements.
• Coordinate with accounting, operations, and other stakeholders to resolve issues impacting the timely and accurate completion of client reporting.
• Provide reconciliation information, supporting schedules, and other relevant details to senior accountants and management as needed.

3. Controls, Documentation & Process Improvement

• Perform bank reconciliations in accordance with established accounting policies, procedures, and internal control requirements.
• Maintain complete, accurate, and appropriately supported reconciliation documentation.
• Follow established procedures for the review, escalation, and resolution of outstanding reconciliation items.
• Support consistent application of reconciliation procedures across assigned client TPA accounts.
• Identify opportunities to standardize, streamline, and automate high-volume bank reconciliation processes.
• Support continuous improvement initiatives aimed at increasing reconciliation efficiency, accuracy, and timeliness.