Department: Accounting
Reports to: Controller
Summary: Works with Controller to coordinate and maintain an accounting system that properly reflects the financial position of the financial institution and provides financial consolidation with the Bank Holding Company. Provides oversight and supervision over the accounting functions of the Bank.
Duties and Responsibilities:
Management of Accounting Functions
· Directly and through staff responsible for the accounting functions of the bank including financial analysis, budget preparation, cash settlement, reconciliations, fixed assets, accounts payable, payroll and general ledger (and other accounting functions as needed)
· Directly and through staff manage investment portfolio activities
· Assist in ensuring that all general ledger accounts are reconciled; with variances cleared within appropriate time frames
· Monitors cost control activities and recommend cost control strategies on an as needed basis
· Familiarize and help oversee the financial institution’s liquidity and cash needs on a regular basis by reviewing cash reports daily and liquidity reports quarterly
· Interacts with Bank personnel to ensure compliance with established accounting policies/procedures; and where appropriate help streamline financial institution accounting procedures
· Assists with the budget preparation process
· Compile and assist various audit related requests (FDIC examinations, internal/external audits, etc.)
· Assists Controller with daily operations
Preparation/Analysis of Financial Reports
· Assists with preparation of the Bank Holding Company annual report of consolidated and Bank only financial and cash flow statements to include all footnotes; and ensures compliance with generally accepted accounting principles
· Prepares and assists with analyzing monthly profitability reports by branch, customer, officer and product
· Performs data analysis, budgeting and forecasting for the financial institution and monitors variances on a regular basis
· Assists with and reviews preparation of regulatory reports for Bank and Bank Holding Company on a quarterly/annual basis (call reports, FRY-9SP and FRY-6, etc.)
· Assists and reviews asset and liability models on a quarterly basis and analyzes variances
· Research and provide reports on historical and forecasted financial data for the financial institution
· Prepares and analyzes bank financial projections
· Assists with all necessary records/paperwork for Bank stock transactions
· Assists with month-end adjusting and year-end closing journal entries· Reviews real and personal property taxes for the Bank
· Analyzes budget variances and prepares monthly report
Other
· Monitors internal controls and assist with development of procedures and ensuring accepted accounting practices are used and adhered to
· Implementation of Bank’s approved investment policy and prepares annual report to ensure compliance
· Serves as secondary contact and prepares information for CPA firm responsible for completing annual tax reports: 1120-S and K-1’s
· Reviews the monitoring of public agency accounts and proper pledging requirements required by State agencies
· Assist with monitoring compliance with various bank regulations (i.e. Reg F, Reg D, etc.)
· Assists in preparation of pro-formas as needed
· Assists in submission of summary of deposits annually and prepares market share comparison reports
Other duties as assigned
Experience: Bachelor’s degree in Accounting or Finance from four-year college or university, CPA certification preferred. Five years’ related experience and/or training; or equivalent combination of education and experience. Experience in financial statement preparation and banking preferred.
Other Skills: Excellent communication and organizational skills. Good knowledge of accounting principles, as well as good analytical, verbal, mathematical and written communication skills. Familiarity with regulations governing accounting in a financial institution. Ability to work with various software such as Excel, Word, Windows and other functionally specific programs. Ability to efficiently use the ten key, typewriter and keyboard on the computer.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee is frequently required to sit and occasionally required to walk and to use hands to finger, handle or feel objects or controls. Specific vision abilities required by this job include close vision. The noise level in the work environment is usually moderate. Must be able to wear a mask while in the workplace in accordance with federal and state requirements. This position may qualify for telework.
Equal Employment Opportunity Employer/M/F/Disability/Veteran
Benefits:
- 401(k)
- 401(k) 6% Match
- 401(k) matching
- Dental insurance
- Disability insurance
- Employee assistance program
- Employee discount
- Health insurance
- Life insurance
- Paid time off
- Referral program
- Tuition reimbursement
- Vision insurance
Work Location: In person
