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(0-2 Yrs) Bank of America Openings For Team Member @ Gurgaon

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Bank of America


Job Position : Team Member

Job Number: 16052614
Location : Gurgaon

Job Description:

Overview * (Bank of America overview, BA Continuum India overview, Business Overview)
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for the individuals, businesses and institutional investors we serve worldwide. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

Process Overview :
Reconciliation Processing Centre is a unit that specializes in the reconcilement core competency for General Ledger Balance Sheet accounts, Nostro accounts, external Due From/To accounts, and Bank accounts. This may include significant SOX/high risk accounts GL accounts and internal demand deposit accounts for numerous lines of business within the BAC enterprise. Reconciliation may include but not limited to data gathering, matching/balancing, notifications/escalations, journal entries processing, charge offs, financial exposure reporting, escheatment process etc.

Job Description:
Account Reconcilement (AR) consists of the daily process of sorting, matching and reconciling the client’s corporate checking accounts –both large corporate and middle market. This process includes researching and correcting rejects within operational deadlines, monitoring and reporting suspected fraudulent activity, and reconciling out of balance conditions.

Responsibilities :
Ensure that the reconciliations are processed as per procedures
Ensure that the targets are assigned in accordance with the SLAs are met
Ensure that the quality of the account reconcilements is in compliance with predefined parameters
Identify potential areas for process improvements & highlight the same to the TL/AM
Provide the relevant process reports on a on a daily basis
Ensure adherence to established attendance schedules
Provide process training to new team members to improve their performance levels

Requirements :
Education : B Com or MBA graduate
Certifications If Any : N/A
Experience Range :  0 to 2 years

Mandatory Skills :
Eye for detail and must be procedure focused to adhere to the Policy guidelines
Flexible to provide extra hours in the job as required based on Business needs
Has the ability to work cooperatively with others as part of a team, as opposed to working separately or competitively
Candidates with understanding of reconciliations will be preferred
Highly motivated, able to work independently, self-starter with problem solving/analytical skills

Desired skills : Basic accounting knowledge and understanding of GL/Non-GL reconciliations

Work Timings : 14:30 to 23:30
Job Location : Gurgaon

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