Sr. Accountant - Investment Accounting

SUMMARY:A Senior Accountant has overall responsibility for one or more specific areas within the Accounting function. May have direct reports. May compile financial information and be responsible for the preparation of various reports, prepare or review journal entries, reconcile or review reconciliations of accounts, analyze financial data, perform accounting research within assigned area of responsibility. Under the supervision of the assistant controller or controller may be responsible for developing and implementing accounting and control policies and procedures related to assigned area of responsibility. Solid understanding of applicable Generally Accepted Accounting Principles and banking regulations is required.

ESSENTIAL DUTIES AND RESPONSIBILITIESinclude the following. Other duties and special projects may be assigned.

• Analytical review of performance of large complex bond portfolio considering prepayment speeds, vectors, etc.
• Interpretation of cash flow assumptions, payment streams, yields etc. for complex bond structures.
• High proficiency in Excel, emphasis on discounted cash flows, IRR and NPV calculations, etc.
• Application of prospective vs. retrospective accounting and its impact on accounting results.
• Prepare or review daily, monthly and quarterly journal entries.
• Prepare or review financial reports, analyses, work papers or schedules relating primarily to the Bank's investments.
• Prepare or review reconciliations of the Bank's investments to the general ledger.
• Oversee the daily operations of investment accounting.
• Preparation and/or review of one or more financial statement disclosures and related disclosure checklists to the Bank's investments.
• Participate in accounting projects as assigned.
• Assist in drafting and implementing accounting policies or procedures. Maintains written accounting procedures and SOX 404 documentation.
• Independently stay current with respect to applicable accounting standards and banking regulations.
• SUPERVISORY RESPONSIBILITIES: May be responsible for the supervision of one or more Staff Accountants or Accounting Clerks, including planning, assigning, directing and reviewing work performed. Participate in evaluation of direct reports.

SUPERVISORY RESPONSIBILITIES

• Supervises function, projects or services and/or one or more employees, as applicable.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.

EDUCATION and/or EXPERIENCE

• Bachelor's or Master's Degree in Accounting or Finance Degree with accounting emphasis
• Financial institution Accounting experience preferred
• Exposure to investment security accounting and/or operations
• CPA preferred Equivalent experience may be substituted at the discretion of management
• Supervisory experience preferred
• Must be able to work independently with limited supervision
• Must be proficient with accounting software applications, Excel and Word

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