ACH Reconciliation Analyst POST NUMBER: 446869
Main Job Tasks and Responsibilities:
- Perform daily, weekly, and monthly reconciliations of ACH payments and debits, ensuring all transactions are accurately recorded in financial systems.
- Identify and investigate discrepancies in ACH transactions by reviewing bank statements, ACH reports, and internal records. Proactively communicate with stakeholders to resolve any issues.
- Generate and maintain reconciliation reports, highlighting discrepancies, aging items, and other relevant findings for management review.
- Work closely with the finance, accounting, and operations teams to resolve payment-related issues, including chargebacks, errors, and any discrepancies.
- Identify opportunities to streamline the ACH reconciliation process and implement improvements to increase efficiency, accuracy, and timeliness.
- Ensure all ACH transactions adhere to regulatory standards and company policies, maintaining a high level of data security and confidentiality.
- Assist in troubleshooting ACH-related system issues, such as failed payments, incorrect postings, or system errors, and escalate complex issues to higher-level management as necessary.
- Maintain accurate records of all reconciliations, investigations, and resolutions in compliance with company policies and industry regulations.
- Provide support to internal teams and clients regarding ACH-related inquiries, including transaction status, payment issues, and clarification of ACH processes.
- Bachelor’s degree in Accounting, Finance, Business Administration, or related field, or equivalent work experience. Minimum of five (5) years of deposit and/or branch operations experience, or relevant work experience in the financial services industry.
- Minimum of 2 years of experience in ACH reconciliation, payments processing, or financial analysis.
- Familiarity with ACH software and financial systems (e.g., FIS, ACI, etc.).
- Knowledge of ACH rules and regulations, including NACHA guidelines.
- Knowledge of State and Federal regulations affecting deposit accounts.
- Knowledge of Jack Henry product suites preferred.
- NACHA Accredited ACH Professional (AAP) certification is a plus.
- Strong analytical and problem-solving skills with high attention to detail.
- Excellent communication skills, both written and verbal, to work effectively with internal teams and external stakeholders.
- Ability to handle multiple tasks and deadlines in a fast-paced environment.
- Proficient in Microsoft Excel (advanced functions such as pivot tables, VLOOKUP, etc.) and other Microsoft Office applications.
Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.