Bank Reconciliation Analyst (GSC Philippines)

As a Bank Reconciliation Analyst at 3M, you will be tasked with ensuring the accuracy and timeliness of transactions and analyses. Your responsibilities include performing daily reconciliations, following established Standard Operating Procedures, and participating in month-end close activities. You'll also handle balance sheet account reconciliations and ensure compliance with financial standards specific to accounts receivable processes.

To qualify for the Bank Reconciliation Analyst role at 3M, candidates should possess a Bachelor’s degree in Business, Engineering, Finance, or a related field, with a preference for accounting graduates. Furthermore, 1-2 years of experience in Treasury or Accounts Receivable is beneficial, along with good communication skills and a working knowledge of SAP and MS Office tools.

Success as a Bank Reconciliation Analyst at 3M requires strong analytical and problem-solving skills, attention to detail, and a customer service-oriented mindset. Being flexible and willing to learn new processes is also important, as is the ability to manage your workload effectively. Having experience in a Shared Service Center is a plus.

3M is committed to professional development and provides a supportive work environment that encourages learning and exploration. As a Bank Reconciliation Analyst, you would have access to various resources, training programs, and opportunities to be involved in process improvement initiatives and ad-hoc projects, such as audits, which further enhances your skill set.

At 3M, the performance measures for a Bank Reconciliation Analyst primarily focus on service delivery, meeting annual SLA metrics with a target of 95% accuracy, and ensuring there are zero open reconciling items at month-end. Continuous improvement and compliance with global financial standards are also key components of the role.

Time management is crucial as a Bank Reconciliation Analyst. I prioritize tasks based on deadlines and complexity, using digital tools to set reminders and track progress. Additionally, I maintain clear communication with my team to ensure alignment on priorities.

In my previous role, I was responsible for conducting monthly bank reconciliations, where I reconciled statements against internal records. I focused on identifying discrepancies and ensuring timely resolutions, which improved accuracy in financial reporting.

I have hands-on experience with SAP for financial data management and have utilized MS Office tools, especially Excel, for data analysis and reporting. I understand the importance of these tools in producing accurate financial reports.

When facing discrepancies, I first investigate the records systematically to identify the source of the error. Communication with relevant team members is key, as collaboration often leads to faster solutions. I then implement corrective actions and document the process.

Ensuring compliance involves understanding the company’s policies and internal control frameworks. I regularly review processes and workflows to identify potential risks and ensure that all operations align with compliance requirements.

I once encountered a significant discrepancy during a month-end close. By conducting a thorough review and collaborating with the treasury team, we identified a timing issue in transaction postings. After addressing the timing concern, our reconciliations were accurate, and I implemented additional checks to prevent future occurrences.

I ensure accuracy by meticulously reviewing every transaction detail against our records. I also use automated checks within the software for additional verification and reconcile in segments to manage complexity.

My approach to continuous improvement involves regularly reviewing my processes and soliciting feedback from team members. I also stay informed about best practices and enjoy experimenting with new methods that could enhance efficiency.

When communicating complex financial information, I focus on clarity and simplicity. I break down financial data into key takeaways and use visuals where possible to support understanding while being patient and open to questions.

I am excited about the opportunity to work with 3M because of its commitment to innovation and continuous improvement. I believe my analytical skills and attention to detail are a great fit for the Bank Reconciliation Analyst position, and I'm eager to contribute to a company that values creativity and teamwork.