Position Description:Stepping Into- Summer 2016/17Position Title: Reconciliation Associate – Level 1

Location:Parramatta

Position Description:

At CommBank, we never lose sight of the role we play in other people’s financial wellbeing.Our focus is to help people and businesses move forward, to progress. To make the right financial decisions and achieve their dreams, targets and aspirations.

Each of us globally is dedicated to offering outstanding service, excellent advice and intuitive solutions to help our customers manage their finances in the ways they want to.

Regardless of where you work within our organisation, your initiative, talent, ideas and energy all contribute to the impact that we can make with our work. Together we can achieve great things.

Financial Services (FS) is responsible for financial management frameworks of the Commonwealth Bank incorporating the areas of finance, audit, group treasury, security, property, procurement and investor relations.

YOUR TEAM:

As part of Finance Services, Group Finance, Financial Operation, the Finance Systems & Process team is responsible for:

• Management of the various applications on behalf of Group Finance.• Providing support to the Group & Business Unit Finance teams. • The provision of finance operations, payroll related reconciliation and interface controls services on behalf of various Business Units in the Bank – including the Business Ownership of PeopleSoft Financials• Group’s funds transfer pricing (FTP) process. This includes providing the mechanism for allocating cost of funds (COF) and worth of funds (WOF) for our internal customers and collaborating with our business partners to implement changes.• Managing the delivery of Group wide and Business Unit specific Activity Based Costing.• Development/migration of the Groups reconciliations onto Accurate and provide Level 1 support for existing reconciliations.

As a member of a high performing team:

Level 4, 80 Clarence Street, Sydney NSW 2000 (02) 8270 9200 www.and.org.au

• Reconciliation of data from source systems to the Bank’s general ledger.

• Preparation of manual journals from source data and entering into the general ledger.• Identifying any issues and working with the appropriate Business or Support Unit to achieve resolution before the items progress to aged reconciliation items.

The Reconciliation Associate must maintain and build productive relationships with the following individuals:

• Group Finance teams• Business Unit (BU) Finance teams• Business Unit (BU) Operation Teams• Support Unit (SU) Finance teams

CORE RESPONSIBILITIES:

• Reconcile data from source systems to the Bank’s general ledger and bank accounts as well as off-balance sheet accounts.• Identify and follow up clearance of reconciliation discrepancies with the appropriate Business Units on a timely basis.• Follow up Business Unit regarding action they are taking to clear reconciliation discrepancies so they do not become aged item reconciliation discrepancies.• Report outstanding items as per policy monthly and update Reconciliation Attestation System.• Completion of reconciliation activities in line with Group Reconciliation Policy• Prepare manual journals from source data and enter into the general ledger, identifying and resolving any inconsistencies.• Seek and analyse customer feedback and suggest ways to address issues in the context of continual process improvement. • Identify process and implement process improvement opportunities.• Display behaviour that encourages productive working relationships and a strong performance culture.• Document processes and methodologies in line with Group standards.• Demonstrate the behaviour required of Bank employees and the behaviour consistent with the Bank's core values.• Comply with the Bank's OH&S policies. • Undertake any other tasks assigned by your manager that you have the capability to perform safely.

Key Selection Criteria:

YOUR EXPERIENCE:

• Basic knowledge of account reconciliations and

• Intermediate Microsoft Excel skills

QUALIFICATIONS:

• Accounting and Finance qualification desirable

YOUR DEVELOPMENT:

In this role you will gain experience in:

• Start-up (e.g. contributing to a system or process)• Turn around (e.g. resolving inherited business challenges, improving customer service measures (ICSM or External Customer Surveys))• Organisational change (e.g. contributing to a strategic refocus or change management)• Financial management (e.g. P&L responsibilities, handling complex financial issues or financial reporting/processing)• Risk management (e.g. managing financial, customer and reputation risks or risk processing/reporting)• People management (e.g. developing others, handling difficult customer situations) • Cross cultural (e.g. experience working with other cultures)

On the job development opportunities will be identified for you between you and your manager. They will work with you to create and action your development and career plan.