Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
Wholesale Operations within WFIP supports the Commercial Banking (CB) and Corporate & Investment Banking (CIB) businesses across number of key operational activities covering the entire client life cycle. The function sits under the CB/CIB business vertical with in WFIP and undertakes variety of operation – Lending operations, Trade Finance operations, Treasury Management and Payment solutions, International payments and Financial Crime Ops. The operations covers all stages of client lifecycle including onboarding and ongoing maintenance and involves deal closing, financial statement spread, cash management, account onboarding & management, customer service, collateral management, documents preparation & management and collections. These operations support all of Commercial Banking business i.e. Business Banking Group, Middle Market, Commercial Capital, Trade Finance, Treasury Management and Payments Solutions
About the Role
1-2 years of experience on payment posting, factoring and accounts receivable and Cash application.
Responsible for applying checks based on the remit details for wire,ACH and chain store EDI820 payments.
Working with CSR for unapplied payments to get information on missing details.
Matching the payments and knocking off the same in choice application.
Good understanding on cash flow statements
Financial accounting and financial statements.
BCom/ MCOm/ BBA/MBA
Good knowledge on Ratios
Excellent English comprehension skills and written skills
Exhibits good mathematical and detail oriented skills
Working knowledge of MS Excel, MS Word
Ability to accurately process high volumes of work within established deadlines
Ability to adapt to change
Flexibility towards work on different assignments
Ability to communicate well with US counterparts in virtual environment.
Responsible for processing Cash receipt for Lockbox, ACH, Wire and chain Store payment.
Sound knowledge on Reconciliation, cash application and Accounts receivable factoring.
Understanding of Basic accounting principle and practices.
Working in cash application area to apply the payment made by the customers to the applicable invoice from the client for goods and services sold or provided by the client to its customer
Analyzing and reviewing attached remittance advise and take appropriate decision while applying invoices
Very detail oriented and ability to research & decision making ability on missing information of remit details to process unidentified and unapplied payments
Ability to set priorities, and deliver the tasks within the stipulated timeline
Excellent English comprehension and written communication skills to contact onshore partners and LOB's to resolve any query
Good knowledge of MS excel to compare various tables and remit details.
Good with MS excel to compare the various data and complete the task quickly and accurately
Good with analytical skills.
Market Skills and Certifications
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo