Trust Reporting and Reconciliation Analyst
Comerica
- Detroit, MI
- Permanent
- Full-time
- Responsible for performing a variety of accounting, analytical, & financial reporting duties ensuring client and investor activity reporting is prepared and completed appropriately.
- Serves as a technical accounting expert without management responsibilities and is seen as a subject matter expert and key advisor on significant business/accounting decisions to team and partners.
- Prepares financial information for regulators, finance, and senior leadership.
- Communicates with partners when discrepancies are identified including recommendations and/or solutions to resolve the potential error.
- Create and balance reports from the Trust Accounting System with the outside partner firms and the outsourced Trust Operations vendor.
- Generate Global FX Currency, Global Market Value, and Transactions reporting for impacted business units and transactional databases.
- Responsible for meeting and/or exceeding SLA requirements for all assigned tasks.
- Investigate and troubleshoot any discrepancies and provide correction recommendations to leadership.
- Collect and monitor reconciliations for completeness and accuracy.
- Develop and/or implement procedures and procedural improvements related to assigned business tasks.
- Establishes and maintains effective relationships with both internal and external customers.
- Problem identification and resolution.
- Acts as a mentor to colleagues within the team providing training, advice, expertise, and guidance, assisting them to the successful completion of their assigned projects.
- Cross-train and provide backup on all duties within the core team.
- Also responsible for training system users (both internal and external) providing workable processes and procedural changes.
- Bachelor's degree in Finance, Accounting, data analytics or > 10 years' experience within Wealth/Trust Operations
- Strong PC skills with an emphasis on Microsoft Office, common banking systems and trust service platforms
- Effective verbal and written communication skills
- Established accounting knowledge with an emphasis on cash flow and accrual accounting and reconciliation concepts
- Experience working with internal and external auditors
- Demonstrated ability to mine and transform data into meaningful and accurate reporting using Microsoft SQL, Microsoft Power BI or similar roles
- Advanced degree and/or certifications in accounting
- Experience with completing regulatory reporting associated with a standard Wealth/Trust program (i.e. RC-T; TIC; SHLA; etc.)
- Experience in data traceability/data lineage programs
- Experience in DDA, General Ledger and Trust System Suspense account reconciliation
- Experience with leading small teams and/or projects
- Analytical skills that can help document functional needs and transform into system requirements