M&T Bank

Operational Accounting Associate III

United States

$38,650 – $64,384Compensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries

Job Description

Position Overview

Reconciliation of assigned GL accounts and DDAs timely and accurately. Identify out of balance conditions and unusual or aged items in assigned accounts. Research of complex issues. Participate in projects.

Primary 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.
  • Mentors and trains less experienced staff on routine task 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.

Education and Experience Required

  • HS Diploma/GED
  • Plus 3 years relevant work experience

Compensation

  • Salary Range: $18.57 - $30.95 Hourly (USD)
  • The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
  • The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

Employment Type

  • Full time

Location

  • City: Clanton
  • State: Alabama
  • Country: United States of America
  • Location Type: (Not Specified)

Company Information

M&T Bank is committed to fair, competitive, and market-informed pay for our employees.

Skills

GL account reconciliation
DDA reconciliation
Financial reporting
GAAP
Problem resolution
Audit support
SOX compliance
Procedure updates
Internal controls
Risk management

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.

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