What are the responsibilities and job description for the Senior Accountant position at Primis Bank?
Job Details
Description
Position Summary: This position is responsible for monitoring and reconciling the Bank’s cash accounts, including the Federal Reserve account that is the primary operational account for the Bank. The Senior Accountant is also the primary point of contact in Accounting for general ledger maintenance. The role also provides support to the overall Accounting functions of the department by assisting with the preparation of reconciliations, research, journal entries, assisting with accounting month-end close and other general accounting responsibilities.
Essential Functions
In terms of an 8-hour workday, “occasional” equals 1% to 33%, “frequent” equals 34% to 66% and “continuous” equals 67% to 100%. However, some duties are performed monthly, annually or sporadically throughout the year and are essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position, if the accommodation does not impose an undue hardship that would require significant difficulty or expense.
Description
Position Summary: This position is responsible for monitoring and reconciling the Bank’s cash accounts, including the Federal Reserve account that is the primary operational account for the Bank. The Senior Accountant is also the primary point of contact in Accounting for general ledger maintenance. The role also provides support to the overall Accounting functions of the department by assisting with the preparation of reconciliations, research, journal entries, assisting with accounting month-end close and other general accounting responsibilities.
Essential Functions
- Monitor balances in the Federal Reserve account and other cash accounts to ensure proper liquidity and funding.
- Execute wires to support accounting and treasury activities
- Perform daily and monthly due from banks and official check account reconciliations and research and resolve reconciling items in a timely manner.
- Perform daily sub-ledger and GL non-post reconciliations and reviews ensuring that variances are resolved in a timely manner. Prepare other various account reconciliations and resolve outstanding reconciliation items in a timely manner.
- Prepare and file Public Funds monthly and quarterly reports with Treasury Department of State of Virginia.
- Assist in the research and documentation of accounting matters.
- Coordinate with other departments on the quality and accuracy of system reports produced for internal, external and regulatory reporting needs.
- Assist in calculating share-based compensation activity adjusting monthly accruals and miscellaneous journal entries and related activities.
- Responsible for assisting auditors, to include but not limited to, providing requested documentation and follow–up on outstanding audit issues.
- Perform general ledger system maintenance, including account set up, changes and closure.
- Perform maintenance activities supporting automation of intercompany transactions.
- Regular, reliable, and predictable attendance. Occasional requirement to perform duties after normal work hours and on weekends.
- Assist management in maintaining effective internal controls over accounting activities, thereby supporting related Sarbanes-Oxley (SOX) compliance.
- Provide backup support for the accounts payable function by adding vendors to the system.
- Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
- All other duties as assigned.
- Bachelor’s degree (preferred) or Associates degree in finance, accounting, or other business related field required
- Minimum of three to five years of applicable work experience in accounting or auditing
- Work experience in a bank or financial services firm preferred
- CPA licensed or CPA candidate preferred.
- Strong comprehension of operational accounting concepts
- Strong problem solving and analytical skills; ability to research, evaluate, analyze and implement alternative solutions
- Ability to think creatively to analyze and solve problems, exercise judgment and work independently with minimal supervision
- Strong organizational skills and ability to effectively multi-task, work under pressure and meet tight deadlines
- Excellent written and oral communication skills and comfort working across the Bank’s departments, with auditors, and outside vendors
- Excellent computer skills relevant to Microsoft Office Suites (i.e. Word, Excel, Outlook, PowerPoint) and various web-based programs
In terms of an 8-hour workday, “occasional” equals 1% to 33%, “frequent” equals 34% to 66% and “continuous” equals 67% to 100%. However, some duties are performed monthly, annually or sporadically throughout the year and are essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position, if the accommodation does not impose an undue hardship that would require significant difficulty or expense.
- Continuous remaining in a stationary position, particularly, but not limited to, at a desktop computer
- Continuous visual review of documents such as financial statements, contracts, spreadsheets, policies, process guides, and other electronic and printed material.
- Frequent need for analytical and critical thinking.
- Frequent high stress periods of high-volume work with tight deadlines.
- Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use
- Continuous communication: verbal and written, in-person, phone and electronic
- Office environment (on-site a minimum of 4 days per week) with occasional travel to local branch or other office locations.