Bank Reconciliation Associate

Welcome to 3M, a global leader in innovation and technology. We are currently seeking a detail-oriented and analytical individual to join our accounting team as a Bank Reconciliation Associate. In this role, you will be responsible for ensuring the accuracy and integrity of our financial records by reconciling bank statements and identifying discrepancies. Our ideal candidate has a strong understanding of accounting principles, exceptional organizational skills, and the ability to work independently in a fast-paced environment. If you are looking for a challenging and rewarding opportunity with a reputable company, we encourage you to apply for this position.

1. Perform daily, weekly, and monthly bank reconciliations to ensure accuracy and completeness of financial records.
2. Identify and investigate any discrepancies between bank statements and internal financial records.
3. Communicate with various departments and bank representatives to resolve any discrepancies or issues in a timely manner.
4. Maintain organized and up-to-date records of all bank reconciliation activities.
5. Prepare and review journal entries related to bank reconciliations.
6. Assist in the development and implementation of new processes and procedures to improve efficiency and accuracy of bank reconciliations.
7. Monitor and analyze bank fees and charges to ensure accuracy and identify cost-saving opportunities.
8. Review and reconcile credit card transactions and statements.
9. Provide support and assistance to other members of the accounting team as needed.
10. Keep up-to-date with changes in accounting regulations and best practices related to bank reconciliations.
11. Ensure compliance with company policies and procedures.
12. Proactively identify and report potential financial risks or issues.
13. Participate in periodic audits and provide necessary documentation and support.
14. Maintain confidentiality of sensitive financial information.
15. Continuously seek opportunities to improve processes and procedures related to bank reconciliations.

According to JobzMall, the average salary range for a Bank Reconciliation Associate is between $35,000 and $55,000 per year. This may vary depending on the location, company, and level of experience of the individual. Entry-level positions may start at a lower salary, while more experienced associates may earn a higher salary. Additionally, some companies may offer bonuses and other benefits that can increase the overall compensation package for a Bank Reconciliation Associate.

The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods.