Operations analyst - cash applicationWells Fargo

Job Description : About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside Job Description : About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Market Job Description About Wells Fargo India & Philippines Wells Fargo India & Philippines (WFI&P) enables global talent capabilities for Wells Fargo & Company, by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFI&P operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about WFI&P at our . Department Overview Wholesale Operations within WFIP supports the Commercial Banking (CB) and Corporate & Investment Banking (CIB) businesses across number of key operational activities covering the entire client life cycle. The function sits under the CB/CIB business vertical with in WFIP and undertakes variety of operation - Lending operations, Trade Finance operations, Treasury Management and Payment solutions, International payments and Financial Crime Ops. The operations covers all stages of client lifecycle including onboarding and ongoing maintenance and involves deal closing, financial statement spread, cash management, account onboarding & management, customer service, collateral management, documents preparation & management and collections. These operations support all of Commercial Banking business i.e. Business Banking Group, Middle Market, Commercial Capital, Trade Finance, Treasury Management and Payments Solutions. About the Role Internally known as Operations Analyst 1, this role is responsible for Reconciling the customers' remittances received in various forms such as ACH, Check, Wires, Epay and Credit Card; make the necessary cash corrections or adjustments to the client's account such as application of credit memos, refunding customer payments, reapplications and No Sufficient Funds processing; Manual on-line data-entry of invoices to update accounts receivable file as needed; Perform daily cash reconciliation. Junior Analyst will perform simple to moderately complex transactions and escalate any issues or potential risk to senior team member or SME. Responsibilities Cash Application Responsible for processing, monitoring and examining new invoicing received from clients to be posted in detail to the clients' customer account receivables Correct, verify and post bank lockbox transmissions for client availability; Application of check and customer payments to the on-line accounts receivable file; Resolve and apply "on-account" payments; Manual on-line data-entry of invoices to update accounts receivable file as needed; Clerical tasks as needed; Assist in month-end closing procedures as needed; Serve as back-up for other department members; Serve as a subject matter expert with regards to all aspects of cash application on the system of record Responsible for processing, monitoring and examining new invoicing received from clients to be posted in detail to the clients' customer account receivables Manage invoice processing email address to pull down pdf's for printing and data entry Cash/Bank Reconciliation Reconcile the customers remittance and make the necessary adjustments to the clients account; Perform daily bank balancing of bank deposits to the system of records Market Skills and Certifications Market Skills and Required Qualifications Bachelor's degree in Finance and Accounting 1 to 2 years relevant working experience in the field of Accounting/Finance preferably in General Accounting, Accounts Receivable accounting, Loan accounting, Bookkeeping. 1 to 2 years experience in banking industry - Wholesale, Commercial Banking or Corporate Investment Banking or Shared Service organization Business and accounting Skills (concept of Debit and Credit) Excellent English comprehension, written and verbal communication skills, and interpersonal skills Good problem solving and analytical skills & ability to accurately process high volumes of work within established deadlines Strong Organizations skills - detail oriented Sound risk management mindset and good understanding of compliance Proficient in MS Office especially MS Excel Able to perform work and report on PH public holidays if falling on Mondays to Fridays including Christmas and New Year's eve Amenable to work on US shift: 9PM to 6AM Desired Qualifications Knowledge GAAP Accounting Quick learner Highly motivated individual who is able to work well independently and in a team environment Ability to recognize and escalate issues to management for any process breaches Ability to multitask to accomplish tasks and meet deadlines effectively Ability to work quickly & accurately while maintaining acceptable standards of workmanship Flexibility to stretch to accomplish projects timely We Value Diversity At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Monster

Philippines
Permanent
Full-time