Senior Accounting Specialist

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This range is provided by Five Star Bank. Your actual pay will be based on your skills and experience talk with your recruiter to learn more.

Base pay range

$63,000.00/yr - $85,000.00/yr

Purpose: The Senior Accounting Specialist is responsible for maintaining the financial integrity of the Companys General Ledger systems and structure to ensure complete and accurate financial reporting. This position is primarily responsible for recording and reconciling transactions relating to investment securities, purchased loans, fixed assets, leases, company borrowings and bank owned life insurance policies, and the completion of related quarterly reporting schedules and other various reports to internal and external stakeholders.
Essential Functions:

• Record and reconcile investment securities balances to reports provided by third-party custodian, including internal review of trade tickets and authorization of transactions, working with the Treasury department to ensure adjustments are completed timely and accurately.
• Prepare quarterly regulatory and SEC reporting schedules as support for the banks Call Reports and the Companys external SEC disclosures within required deadlines. A key part of this essential function includes understanding investment securities classifications and the different accounting and reporting requirements for each classification.
• Perform fixed asset accounting for book and tax using a third-party sub-ledger system for maintaining asset records and recording monthly depreciation, disposals, additions, and transfers. Record intercompany assets and transfers between entities. Facilitate annual review of fixed asset records with internal stakeholders.
• Regularly review CWIP for proper classification, provide departments outside of accounting advice on accounting treatment, and to ensure estimated dates of projects, operational status of assets, and classification of costs are reasonable.
• Record transactions and reconcile loans held outside of the core application including obtaining reports from a third-party during the month end close process.
• Record transactions and reconcile Bank Owned Life Insurance policies including obtaining reports from a third-party during the month end close process.
• Work with the Treasury department to record and reconcile all borrowing related transactions, including sub-debt, short- and long-term advances and all related interest calculations and ongoing amortization or accretion of premiums, discounts and issuance costs. This will include the review of executed agreements and tracking key dates to ensure accruals are accurate and timely based on prepayments, rate changes, or other qualifying events. On a quarterly basis prepare and submit debt covenants, including obtaining review signoff and executive authorization, within contractual deadline.
• Prepare reconciliations for a range of balance sheet accounts and work to ensure reconciling items are appropriate, expected clearing dates are documented and supported, and required adjustments are completed in the appropriate period. Maintain documentation of reconciliation procedures by account within account reconciliation software.
• Aid in the Investigation, analysis and resolution of accounting matters as needed resulting from questions, new product implementation and non-routine transactions.
• Perform accounting research and assist with the formulation, interpretation and implementation of accounting policies and produce documentation to support managements accounting policies and practices.
• 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:
Required:

• Education: Bachelors degree in accounting, finance, business, or related field.
• Prior Experience: 5+ years of accounting experience.
• Licenses or Accreditation: Certified Public Accountant preferred.
  

Competencies:

• Strong knowledge and understanding of Generally Accepted Accounting Principles (GAAP).
• Ability to research accounting treatment of transactions using resources such as FASB Accounting Standards Codification and present findings to internal stakeholders.
• Ability to review contracts and legal agreements and determine proper accounting treatment and calculations.
• Proficient in Microsoft Excel with the ability to learn and utilize new existing banking and accounting software applications.
• Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines and possess a high level of attention to detail to ensure accuracy.
• Analytical ability to interpret data and present it in a meaningful and easily understood form while providing recommendations.
• Ability to take initiative in problem solving and uses sound judgment produces practical decisions and solutions.
• Strong verbal and written communication skills with the ability to interact with all levels of staff and management.
  

Physical Requirements:

• Able to regularly sit for prolonged periods of time.
• Able to travel:
• Occasionally
• Extensive computer usage is required.
• Ability to work:
• Evenings
• Occasionally
• Weekends
• Occasionally
  

Benefits:

• Medical, Dental, and Vision Insurance
• Health Savings Account
• Flexible Spending Account(s)
• Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
• Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
• Tuition Reimbursement
• Employee Referral Program
• Wellness Reimbursement Program
• Star Volunteer Program
• Employee Banking and Financial Perks
• Flexible Hybrid Work Schedule
• Paid Time Off (PTO)
• Company Paid Holidays
  

This job description is not exhaustive. The Senior Accounting Specialist may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Banking

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