Accounting Specialist - Wealth Operations

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

About This Job

The main purpose of this job is to ensure the timely and accurate processing of incoming and outgoing funds for the Commerce Trust Company client accounts, including, wire and ACH processing, check processing, check stop payments as well as performing cost basis adjustments. In addition, ensuring all activity is balanced and processed at end of day cutoff.

Essential Functions

• Maintain balance between the accounting and bank related systems, related to wire and ACH processing, check processing, cash entries and stop payments on checks
• Communicate with internal partners as well as external financial institutions as needed
• Monitor and research out of balances appearing on accounting related reconciliation reports
• Create the end of day Cash Control Spreadsheet used to complete the end of day reconciliation. 
• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Basic knowledge of banking products and services
• Basic knowledge of complex accounting functions
• Good analytical and problem-solving skills to research and resolve discrepancies
• Ability to communicate effectively with internal partners at various levels of leadership
• Ability to work independently, prioritize and perform varied assignments with frequent distractions
• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
• Basic level proficiency with Microsoft Word, Excel, Teams, and Outlook

Education & Experience

• High school diploma, GED or equivalent combination of education and experience required
• 1+ years of Finance or Trust Operations experience preferred

*Hybrid Schedule: Minimum of 2 days/week on site (training will require up to 5 days per week in office for up to 8 weeks, depending on progress and business need)

**Level of role is determined by knowledge, experience, skills, abilities, and education

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Accounting Specialist - Wealth Operations or Senior Accounting Specialist - Wealth Operations level job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $19.00 to $24.50 per hour.

Must be eligible to work in the US without sponsorship now or in the future.

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

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