Associate Specialist, Bank Management

Job DescriptionPosition OverviewOur company’s Global Business Solutions (GBS) team manages end-to-end Source to Settle (StS) processes, including vendor setup, invoicing, and payments.The Associate Specialist, Bank Management supports the monitoring and management of global bank account activity, ensuring all bank transactions are recorded accurately and timely in the accounts payable ledger. This role focuses on handling bank movements outside standard payment processes and ensuring proper reconciliation and clearing.Working within a global team, the role collaborates with Settlements, Accounting, and local markets to resolve exceptions, improve processes, and maintain accurate financial records.Key ResponsibilitiesMonitor bank accounts and clearing GLs to identify transactions requiring postingRecord bank transactions (e.g., direct debits, refunds) accurately in SAPEnsure postings are assigned to the correct vendor accounts and GLsInvestigate and resolve unmatched or unclear bank transactionsSupport timely clearing of bank open items and reconciliation activitiesFollow up with stakeholders to resolve outstanding items quicklyIdentify and escalate discrepancies, exceptions, and risksCollaborate with cross-functional teams to resolve bank-related issuesAnalyze trends and support root cause analysis for recurring issuesSupport process improvements, standardization, and automation initiativesMaintain accurate documentation and ensure compliance with policies and controlsDeliver high-quality service to stakeholdersEducation & ExperienceBachelor’s degree (or near completion) in Finance, Business, or related field1+ year of experience in Finance, Accounting, Shared Services, or StS (preferred)Basic understanding of accounts payable and bank processesStrong attention to detail and analytical skillsGood communication and stakeholder collaboration skillsProactive with a continuous improvement mindsetTechnical SkillsProficiency in Microsoft Office (Excel, Word, PowerPoint)SAP and Ariba experience preferredAbility to analyze and resolve transaction discrepanciesStrong organizational and communication skillsAbility to work independently in a fast-paced environmentSkills & CompetenciesHigh attention to detail and accuracyStrong problem-solving and analytical mindsetCustomer-focused and results-drivenAbility to manage priorities and meet deadlinesTeam player with strong collaboration skillsHigh integrity and accountabilityLanguages: English required; Asian language skills (Japanese, Mandarin, Korean) are a plusPossible Career MovesAssociate Specialist / Specialist, STS SupportAssociate Specialist / Specialist, Vendor Master DataAssociate Specialist / Specialist, Supplier OnboardingAssociate Specialist / Specialist, Invoice Processing / ResolutionSpecialist, SettlementsRequired Skills: Accounts Payable Management, Accounts Payable Management, Balance Sheet Account Reconciliations, Bank Account Management, Banking Relationships, Business Administration, Business Process Standardization, Communications Support, Customer Service, Customer Service Management, Customer Technical Support, Detail-Oriented, Financial Accounting Controls, Financial Advising, Financial Analysis, Financial Operations, Global Shared Services, Human Resources (HR) Shared Services Advisory, IT Infrastructure Support, Planning Budgeting And Forecasting (PBF), Problem Solving, Quantitative Analytics, SAP Bank Analyzer, Supply Chain Support, Tax Return Analysis {+ 1 more}Preferred Skills: Current Employees apply HERECurrent Contingent Workers apply HERESearch Firm Representatives Please Read Carefully Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company.  No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails. Employee Status: RegularRelocation:No relocationVISA Sponsorship:NoTravel Requirements:No Travel RequiredFlexible Work Arrangements:HybridShift:Not IndicatedValid Driving License:NoHazardous Material(s):NAJob Posting End Date:08/25/2026*A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.