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Reconciliation Specialist
Great West Financial
Denver (Dtc), CO, United States
Job Details - this job has expired, please see similar jobs below
Position Highlights
Would you like to be a part of one of America's leading financial services firms? Great-West Financial is the nation’s second largest insurer in sales of individual life insurance through banks. We also offer annuity and executive benefits products. Under Empower Retirement, we provide employer sponsored retirement plans as the nation’s second largest retirement plan provider.
Our over 5,000 associates across 40 locations across the country provide world class service to:
30,000+ employer sponsored retirement plans
8 million+ employees participating in their employer-sponsored retirement plan
467,700+ individual life insurance and annuity accounts
$460 billion+ total assets under administration
Empower Retirement currently has an opening for a Financial Operations Reconciliation Specialist. This individual reconciles assigned accounts on a daily basis and ensures that variances are identified, researched and resolved in a timely manner. Accounts are a variety of internal trade suspense accounts in the accounting system, external cash clearing accounts, and reconciliations between external trust systems and the internal record keeping system. Assigned accounts are more complex and require more detailed analysis and problem-solving.
Primary Responsibilities
• Reviews assigned accounts to identify outstanding issues/variances and researches to identify root issue. These relate to internal and external accounts and activity.
• Opens correction requests/tickets to appropriate areas. Follows up on outstanding items to ensure they are resolved in a timely manner. Items are aged, monitored and escalated as necessary.
• Facilitates money movement and correction posting with external trustees.
• Assists team members with training and complex issues as needed.
• Responds to various internal and/or external requests/questions.
• Completes reporting as necessary.
Qualifications
• Bachelor's degree in Accounting, Finance, related field, or equivalent experience.
• One to two years of relevant experience preferred.
• Without a specialized degree, an additional 1 to 2 years of directly related experience preferred
• Detail oriented.
• MS Office experience including:
◦ MS Excel Intermediate level
◦ MS Access - Basic to Intermediate level preferred
• Ability to work within prescribed deadlines and in a team environment.
• Strong analytical/problem solving
• Strong organization, written and verbal communication skills.
• Using established procedures and working under general to limited supervision, performs assigned tasks
• Performs review of assigned accounts and activity to prevent risk of loss due to errors.
About Great-West Financial
At Great-West Financial® and Empower Retirement, our more than 5,700 global associates are dedicated to helping customers secure their financial futures. We offer a range of retirement savings products, life insurance, annuities and investment services from offices across the country. If you’re interested in joining a company that enjoys a record of strong performance and is rich in history yet innovative, bold and transformative, then our organization is an outstanding place for you to grow and succeed. We’re an equal opportunity employer dedicated to workforce diversity. We’re also committed to providing a drug-free workplace.
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