Reconciles statements, proofs, loans purchased and sold in the secondary market, fixed-asset system, check register, student loan portfolio. A/H and credit life insurance, and investments in accordance with generally accepted accounting principles and guidelines approved by management.
Major Duties and Responsibilities
Handles monthly reconcilement and audit preparation of general ledger cash accounts.
Performs necessary functions for reconcilement with the Federal Reserve Bank, the Federal Home Loan Bank and other accounts as needed.
Maintains the fixed asset and associated depreciation schedules on the FAS software for general journal entries; ensures proper recording of new purchases. Coordinates the biennial physical inventory for all branches. Prepares quarterly rollforwards.
Provides month and quarter end reports for financial reporting as assigned.
Reconciles month end reports, payoffs and adjustments with purchased loan serivcers. Confirms month end interest rates and paid to dates have adjusted correctly and corrects any errors prior to month end. Prepares monthly purchased loan delinquents reports per servicer’s trial balance and provides to loan servicing and financial reporting. Reconciles daily and monthly reports and remits funds and reports to investors of sold loans within a specified time frame.
Reviews daily system proofs and corrects any out of balance conditions or communicates with proper personnel indicating corrections that need to be made and addresses any system errors.
Maintains the company’s check system monitoring the positive pay exceptions and insuring adjustments are made within the Federal Reserve’s specified deadlines.
Prepares FRB cash orders from branch requests, orders cash from FRB and notifies armored courier of amounts and delivery location(s)s. Ensures cash is ordered to meet delivery deadlines. Maintains reserve balances with the armored courier and reconciles coin and currency vaults held at the courier.
Files 945 tax return. Reviews any IRS correspondence relating to 941 or 945 returns. Addresses any differences the IRS finds between the returns and the electronic files containing w-2s, 1099-R, etc.
Documents policies, procedures and workflows for assigned areas of responsibility.
Maintains investment system including preparation of monthly reconciliations and entries and monthly and quarterly roll-forwards. Maintains complete documentation for each investment.
Files reports and remits funds to the state on unclaimed property. Handles customer inquiries. Keeps current with any unclaimed property rules and regulations.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Knowledge and Skills
Accounting experience preferred
- Bachelor’s degree in Accounting or working towards degree