Accounting Operations Manager

Position Title: Accounting Operations Manager

Reports To: Assistant Controller

Department: Accounting

FLSA Status: Exempt

Purpose: The Accounting Operations Manager is responsible for maintaining the financial integrity of the Company's General Ledger systems and structure to ensure complete and accurate financial reporting, with a specialized focus on deposits and deposit related products, fixed assets, prepaids and various accruals, including the preparation of related financial schedules and reports that support the Company's external financial reporting requirements. This role requires a great attention to detail and the ability to work collaboratively.

Supervisory Responsibilities:

Degree of Supervision Received: Moderate

• Supervision Received (Title): Assistant Controller

Degree of Supervision Given: Moderate to Extensive

• Supervision Given to (Titles): Senior Accounting Operations Specialist, Application and Deposit Accounting Specialist, Electronic Banking Accounting Specialist

Essential Functions:

1. Using a thorough understanding of the flow of funds through the banking systems, manage the balancing processes relating to Federal Reserve accounts, Demand and Time Deposit core banking systems, Cash Sweep products, Company deposit accounts, Positive Pay reconciliations, Electronic banking products, ATM and Debit card products, and all related Items in Process accounts.
2. Participate in testing and implementation of new electronic banking products, including setting up new processes, and identify and implement improvements to current processes, to ensure accurate accounting and reporting.
3. Manage the preparation of financial schedules to support the Company's compliance with SEC rules, generally accepted accounting principles (GAAP), and financial services regulatory requirements, primarily relating to reporting of deposits and deposit related products. This will include evaluating the applicability of new accounting standards and regulatory reporting changes and making recommendations on and implementing new processes to ensure ongoing compliance with these requirements.
4. Maintain the GL structure of the Company including maintenance of GL accounts, creating and setting up brand new GL accounts, adding new branches, cost centers, entities and verifying reporting codes to ensure accurate financial reporting.
5. Oversee the Company's accounting and reporting for fixed assets, prepaids and various corporate accruals.
6. Manage the completion of assigned month end close activities and prioritize staff assignments to meet timeframes established for month-end, quarter-end and annual closing of the Company's books and records.
7. Manage the activities and functions of direct reports by establishing work plans and staff assignments, resolving difficult or complex problems, reviewing work performed, and evaluating employee performance. Ensure continuous staff development and appropriate cross training of staff to ensure adequate back-up of all functions.
8. Maintain accounting records in all assigned areas in an organized manner to facilitate reviews and audits of the Company's financial records. Ensure written procedures reflect current processes.
9. Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Job Related Qualifications - Education and Prior Experience:

Required:

• Education: Bachelor's Degree in Accounting, Finance, Business, or related field
• Prior Experience: 5+ years of Accounting or related banking experience

Preferred:

• Education: Bachelor's Degree in Accounting
• Prior Experience: 5+ years of Accounting experience
• Licenses or Accreditation: Certified Public Accountant

Competencies:

1. Proficient in Microsoft Office (especially Excel) with the ability to learn and utilize new and existing banking and accounting software applications
2. Excellent organizational skills and attention to detail with the ability to manage multiple priorities and meet established deadlines
3. Analytical ability to interpret data and present it in a meaningful and easily understood form while providing recommendations
4. Ability to take initiative in problem solving and use sound judgment to produce practical solutions
5. Strong verbal and written communication skills with the ability to interact with all levels of staff and management
6. Strong knowledge and understanding of Accounting concepts/standards (US GAAP)

Physical Requirements:

1. Able to regularly sit for prolonged periods of time.
2. Able to regularly stand for prolonged periods of time.
3. Able to travel:
   1. Occasionally
4. Extensive computer usage is required.
5. Ability to work:
   1. Evenings
      1. Occasionally
   2. Weekends
      1. Occasionally

This job description is not exhaustive. The Accounting Operations Manager may be required to perform other duties as assigned.

Five Star Bank and affiliate companies are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic. Five Star Bank and affiliate companies are committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at (716)817-5186.

Note: At a later stage in the application process, applicants may be required to provide information about their criminal conviction history, if any, and to authorize the procurement of a consumer report that will contain, among other things, information about criminal conviction history. Except as required by applicable law, prior criminal convictions will not automatically disqualify an applicant from employment, and Five Star Bank will only consider such history in accordance with applicable law. Please be advised, however, that federal law prohibits Five Star Bank from employing "any person who has been convicted of any criminal offense involving dishonesty or a breach of trust or money laundering or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such offense" unless the FDIC has provided prior written consent.