Banking Associate

Company: Priority Staffing
Location: Chesapeake
Posted on: June 12, 2021

Job Description:

The Banking Associate will perform daily deposit verification, monthly reconciliation, and conduct research on exception items relating to the Company’s store depository bank accounts with supervision and review by the Treasury Operations Manager.  The position requires phone contact with field management and banking representatives. The individual will be involved in other projects as required.  

Principal Duties and Responsibilities:

• Daily matching of bank deposits to store’s POS file using a reconciliation system
• Research and analyze deposit discrepancies
• Develop/review trend reporting to identify possible fraud or operational issues
• Interact with Accounting personnel and bank representatives as needed to research and resolve exception items
• Contact stores to obtain documentation in researching missing or discrepant deposits
• Notify Asset Protection on missing or late deposits and working with them to resolve issues
• Preparation of monthly journal entries
• Reconcilement of month-end bank statements for store depository accounts
• Preparation of bank signature cards and other account documentation
• Assist with bank changes and facilitate consolidation of bank accounts
• Perform miscellaneous duties and special assignments as needed

Keywords: Priority Staffing, Chesapeake , Banking Associate, Other , Chesapeake, Virginia