Operational Accounting Associate III at M&T Bank

Getzville, New York, United States

Apply Now

$42,744 – $71,240Compensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

HS Diploma/GED
Plus 3 years relevant work experience

Responsibilities

Timely and accurate reconciliation/reporting of assigned portfolio activity to Finance/Audit/SOX to ensure accurate Financial Statements in accordance with GAAP
Gather and research data to prepare routine accounting reports including daily, weekly and/or monthly departmental reporting assignments
Perform problem resolution to identify issues and escalate as appropriate
Perform research to resolve aged items and system outages on reconciliations; escalate as necessary
Communicate with internal cross-functional areas, business partners and investors to assist in resolution of routine inquiries/issues
Update procedures due to changes in process or accounting requirements with input from Operational Accountant III, IV or Manager
Participate in responsibilities associated with new business initiatives under Manager’s direction
Mentor and train less experienced staff on routine tasks and questions
Adhere to established policies, procedures and limits focusing on observable breaches in Corporate Risk policies
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies
Promote an environment that supports belonging and reflects the M&T Bank brand
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable
Complete other related duties as assigned

Skills

Key technologies and capabilities for this role

GL ReconciliationDDA ReconciliationGAAPFinancial ReportingAccounting ResearchProblem ResolutionSOX ComplianceData AnalysisCross-functional CommunicationProcedure Documentation

Questions & Answers

Common questions about this position

What is the pay range for the Operational Accounting Associate III position?

The pay range for this position is $20.55 - $34.25 Hourly (USD), with the final compensation based on the candidate’s particular combination of knowledge, skills, and experience.

Is this a remote position or does it require working in an office?

This information is not specified in the job description.

What education and experience are required for this role?

A HS Diploma/GED is required along with plus 3 years of relevant work experience.

What is the company culture like at M&T Bank?

The company promotes an environment that supports belonging and reflects the M&T Bank brand, while adhering to established policies, procedures, and internal control standards.

What makes a strong candidate for this Operational Accounting Associate III role?

Strong candidates will have a HS Diploma/GED plus 3+ years of relevant experience, with skills in GL account reconciliation, research of complex issues, problem resolution, and mentoring less experienced staff.

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

Land your dream remote job 3x faster with AI

Try Jobo Free