Overview
About Us
At Bank of America, the goal is to help make financial lives better through the power of every connection. This is done by driving Responsible Growth and delivering for clients, teammates, communities and shareholders every day.
Being a Great Place to Work and building a culture of caring is central to Responsible Growth. The bank works to build an inclusive workplace where every teammate can succeed, build a career and contribute to shared success. This includes attracting and developing strong talent, recognizing performance, and supporting teammates' physical, emotional and financial wellness through benefits that are affordable, competitive and flexible.
Bank of America values the perspectives people bring from all backgrounds and career paths, including military service, community college education, and a wide range of work and life experiences. Those journeys build resilience, leadership and innovation.
The bank is committed to an in-office culture that supports collaboration, engagement and career development. Expectations for in-office work are clear, with flexibility based on role responsibilities and business needs.
Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. It is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.
In India, the operations run through BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.
Process Overview
Global Finance was set up in 2007 as part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. Its capabilities include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management. Its scope has since expanded to include operations for other enterprise control functions such as Human Resources and Risk and Compliance.
Job Description
This role is a SME in the Recons domain. The role involves preparing and reviewing reconciliations of Bank of America's Balance Sheet Accounts in line with the Account Reconciliation Policy (ARP) and Account Reconciliation Standards (ARS), completed on time so that all process SLAs are met. The role also involves investigating breaks and reporting them to business partners with enough time for investigation. The associate must have a sound understanding of accounting fundamentals and be able to explain account activity and usage to internal and external audit queries via email or telephone. Exposure to Six Sigma and other quality improvement tools is an added advantage.
Responsibilities
- Ensure reconciliations are performed according to procedures and standard policies.
- Ensure the balance sheet account transaction flow is understood and recorded in process procedures.
- Ensure assigned targets in line with SLAs are met.
- Follow up closely with LOBs on open items and obtain required documentation for aged items within defined timelines.
- Ensure reconciliation quality follows predefined parameters.
- Maintain an excellent understanding of different balance sheet account reconciliations.
- Identify areas for process improvement, risk reduction and non-compliance, and highlight them to the supervisor.
- Provide relevant process reports on a daily basis.
Foundational Skills
- Excellent understanding of accounting concepts
- Good exposure to the balance sheet reconciliation domain and tools
- Strong analytical and problem-solving skills
- Good communication skills
- Effective communication and leadership abilities
Desired Skills
- MS Excel
Work Timings
02:30 PM to 11:30 PM IST, with weekends off.
If an employer asks you to pay any kind of fee, please notify us immediately. Talentd does not charge any fee from applicants and we do not allow other companies to do so.
Key Skills
Related Tags
Browse More Jobs
Education Requirements
- B.Com
- M.Com with MBA (Finance)
- Qualified CA
- CA Inter
Eligible Batch Years
Bank of America
Bank of America is one of the largest financial institutions in the world, 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. Founded in 1904 and headquartered in Charlotte, North Carolina, USA, the bank operates in more than 35 countries and employs over 200,000 people. Its mission is to help make financial lives better through the power of every connection, emphasizing responsible growth, customer-centric innovation, and community investment.
As a leading multinational bank, Bank of America holds a strong market position in both retail and corporate banking, consistently ranking among the top U.S. banks by assets. It is well-known for its digital banking capabilities, serving millions of active digital users through advanced online and mobile platforms. In recent years, the company has been recognized for its sustainability initiatives, including commitments to achieving net-zero greenhouse gas emissions and financing clean energy projects. Bank of America has also been actively involved in economic inclusion programs, supporting small businesses and underserved communities.
Company Details
Connect With Us
Websitebankofamerica.com