Sricharan Cherukupally

Lead Operations Processor

Account Reconcilement Center Of Excellence (ARCOE)

ARCOE team provides back office support for all Wells Fargo banking centers (Branches).Responsible for performing varied activities generally related to reconciling, calculating/ processing and balancing and reviewing accounts/ records for accuracy. Performing internal accounts reconcilement for the wholesale accounts performing reconcilement for 2 different process those will be reconciled on monthly basis and other will be reconciled on daily basis.

Roles & Responsibilities:
Responsible for performing varied activities generally related to reconciling, calculating, balancing and reviewing records. Posting to general ledgers and other accounting records. The functions provided by the team
includes reconciling teller cash lines to the general ledger and researching and resolving outstanding cash tickets, miscellaneous error correction.

Cash Difference Research Process (CDR)

CDR deals with Branch Banking Teller account reconciliation disputes and resolve tellers outage

We do research and adjust customer accounts & general ledgers accordingly

We send email to branches to fix the tellers cash differences with our findings

Research the teller work, review daily cash movements in bank accounts and entries posted correctly in accounting system

Ensuring the entries are reconciled ina timely manner to reduce fraud and losses to Wells Fargo Bank

Cash In Transit Process(CIT)

Identifying discrepancies between shipments made from Branch to Cash Vault, and Cash Vault to branch including missing shipments.
Researching with Branch , Armored Transportation and Cash Vaults team to clear the outstanding shipments through emails and adjusting Customers & General Ledgers accordingly

Cash Vault Reconciliation (Daily & Monthly Reconcilement)

Responsible for performing varied activities related to reconciling,calculating,balancing and reviewing record of CV general ledgers accounts

Identifying and reporting unmatched or open items to the cash vaults for research and resolution

Monitoring and balancing the General Ledger accounts in standardized way with all accounting policies and guide lines on monthly basis

Line Of Credit Process (LOC)

We reconciles with information about clearing and monitoring Gender Ledger (GL) accounts for Letter Of Credit. Reconcilers will be reaching out to the Branch Relationship Manager for the outstanding payments enquiry from the customer via emails.
Timely viewing the Fees, that are due from the customer. Reaching out to the Relationship Manager for the status of the payment and the mode of the payment.
Ensure exceptions payments are cleared to meet the account-aging standards.