Banking Analyst

WHO WE ARE

Now in our fifth decade of professional service, Verita offers a comprehensive range of legal, fiduciary, and administrative services to professionals around the world. Bringing together experts in Corporate Restructuring, Mass Tort, Settlement Administration, and Trustee and Fiduciary Services, we strive to earn our partners’ trust with exceptional service, unparalleled industry insights, and innovative technology that delivers results. Whatever the scope or complexity of the project, the Verita team is always ready to streamline our clients’ path forward. We offer both a strategic perspective and proven solutions that they can depend on for every step of their engagement.

DIVERSITY IS A STRENGTH

Across our team, we see diversity as a source of strength. The more perspectives we have, the better equipped we’ll be to meet the demands of our diverse customer base. We want every person who joins our team, every customer and every supplier to feel welcome. We are an Equal Opportunity Employer and believe in equality for everyone, regardless of age, national or ethnic origin, sex, gender identity or expression, race, color, religion, disability, sexual orientation, protected veteran status or other characteristics protected be applicable law. That applies throughout our company, around the world with no exceptions, regardless of differences. We will hire, develop, reward, promote and retain people purely on the basis of their talents, commitment, potential and the results they achieve. We will work hard to make sure everyone is included within our organization, removing barriers and obstacles to give everyone an equal opportunity to succeed.

PRIMARY ACCOUNTABILITIES

Work in the interesting and complex world of corporate restructuring and learn from one of the top administrative-support providers in the country. We are currently looking for a bright and ambitious individual to fill the position of Banking Analyst. Under the supervision of the Senior Manager and within, the Banking Analyst will primarily be responsible for the daily cash management activity, bank account administration and daily funds distribution needs associated with Verita’s Class Action business line. The position demands a high level of collaboration within the Fund Accounting team. The Banking Analyst will assist in completing and tracking financial transactions, reviewing and maintaining records, and preparing financial reports while ensuring such activities comply with the court-approved Settlement Documents and internal Verita policies.

WHAT WE NEED FROM YOU

• Assist in the daily management of cash across hundreds of active class action settlements
• Assist in bank account administration including the opening and closing of accounts
• Prepare and review domestic and international wire requests
• Prepare routine ad hoc reports for both internal and external distribution, including but not limited to, transactional reports, bank compliance reports, and miscellaneous cash management reports for the Client Services team
• Actively utilize US and Canadian bank portals to track and monitor transactions, prepare reports, and process check deposits
• Work closely with the distribution team and compliance team within the larger Fund Accounting group
• Attend required meetings, both internal and external, and provide necessary updates as requested
• Participate in continuous process improvement activities to maximize efficiency of core banking functions

Required Functional Knowledge

• Proficient in Microsoft Word, Excel, Access, Outlook
• Ability to calculate financial ratios and tax rates
• Ability to effectively prioritize and execute tasks in a high-pressure environment
• Ability to manage multiple projects, concurrently
• Strong written and oral communication skills
• Strong organizational skills, eye for accuracy and attention to detail a must
• Ability to read/analyze/interpret business periodicals/ journals/technical procedures/gov. regulations; write reports/business correspondence/procedure manuals; effectively present information/respond to questions from managers/clients/customers/public.
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

Preferred Functional Knowledge

• 2+ years of cash management related experience
• Bank account administration experience
• Working knowledge of Bankruptcy and Class Action products and services

WHAT WE OFFER

Competitive base salary compensation

Discretionary bonus plan

Medical, dental, and vision coverage (self and family)

Critical illness, accident, and hospital indemnity coverage

Employer matched 401(k) retirement plan

Company paid holidays

Generous PTO program

Opportunities for advancement and career development

Requirements

• Bachelor's degree (B. A.) preferably in Accounting or Finance from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
• 1+ years of general office experience
• 1+ years of experience in Finance or Accounting
• Hybrid (in office/remote) role based out of the San Rafael, CA Verita office