Job Description

Founded in 1935, Rainbow USA Inc. is a women’s and children’s specialty retailer based in Brooklyn, N.Y. with over 1,100 locations throughout the U.S. and Caribbean. Our stores specialize in trendy, value-priced juniors, plus-size, and children’s apparel, footwear, and accessories. Our brands include Rainbow, Rainbow Plus, Rainbow Kids, 5.7.9., Marianne, Dots, Joyce Leslie, Kids Spot.

We are currently seeking Bank Reconciliation Specialist to join our Finance/Accounting Department. This is a great opportunity to join a growing company that offers competitive pay, a team-oriented atmosphere and excellent benefits.

Job Summary:

Perform analysis and reconciliations of banking reports and accounts, and handle other account analysis, as needed

General Duties/Responsibilities:

• Daily analyze and matching of banking transaction using Cadency Software (for deposit transactions) for 400-500 stores
• Monthly reconciliation of various Bank Accounts using Cadency Software
• Preparation of General ledger entries related to bank reconciliations
• New store sales reports
• Reconciliation of ACH/Wire Payments in Chase banking system
• Analysis of various GL account
• Reconciliation of credit card accounts
• Handling any issues related to bank accounts
• Performs other related duties as assigned
• Opening & Closing of individual bank accounts

Required Skills/Abilities:

• Good verbal and written communication skills.
• Proficient in Microsoft Office or related software as well as accounting software (T-Recs/IDM)
• Understanding of accounting procedures
• Excellent analytical and organizational skills, with close attention to detail
• Ability to manage confidential information
• Trintech , T-recs, Chesapeake or Bank Reconciliation software

Education and Experience:

• Degree in Accounting or Business related area required
• At least two years of experience in finance/ accounting role required
• Retail experience a plus
• Knowledge of bank reconciliations
• Proficient in Microsoft Excel/Word

Benefits:

• Annual compensation review program
• Paid vacation and sick leave
• Paid holidays
• 401k retirement savings plan (with generous company match)
• Medical, dental, vision, life &disability and other insurance benefits...even pet care!
• Health Savings and Transit Accounts
• Merchandise discounts
• Health and financial wellness programs
• Holiday, birthday, and length of service recognition
• Onsite fitness center and employee cafeteria
• Free/ secured parking

Our company is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

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