Job Summary:
The Manager of the Reconciliation team in Apple Bank’s Accounting Department oversees all daily reconciliation activities, including but not limited to the FRB, Transit Checks, ATM/VISA, and third party returned check settlements. In addition to month end closing responsibilities, the Manager balances and maintains the general ledger, files sales tax (quarterly & annually), along with backup withholding bank returns. The incumbent also assumes a key role as the department implements automated accounting processes by documenting the entire process for our internal/external auditors and regulators. The Manager seeks to enhance the professional development of team members and collaborates with peer managers and key business partners to support a culture of innovation and collaboration.
Job Responsibilities
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Oversee daily/weekly/monthly bank account settlements.
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Review daily posting of General Ledger entries.
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Troubleshoot reconciliation differences; communicate with all parties involved (branches, vendors, etc.); correct errors by posting adjusting journal entries and act proactively to prevent similar situations from taking place; place controls in place to tighten the process and reduce risk.
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Assume key role in automating the reconciliation process; create status dashboard to track processes in order to create visibility for efficient month end close.
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Update and maintain vendor database including the tracking of supply costs.
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Review loan accounting reconciliations and add processes in place to streamline monthly reporting.
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Demonstrate a proactive and positive approach to problem resolution, production improvement and change management
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Respond to requests from Internal Audit, Risk Management, and Compliance departments, as well as external regulators in a timely manner.
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Create, test and implement disaster recovery and business continuity plans for team.
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Review and approve check adjustment claims with Federal Reserve Bank.
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Prepare annual backup withholding tax form 945 & 945A and file with the IRS.
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Develop staff by managing performance, setting goals, providing ongoing training, and maintaining strong employee relationships.
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Maintain up-to-date policies and procedures, as well as manuals for each operational area of Bank.
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Provide backup to Wireroom team when needed.
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Secure financial information and safeguard customer information.
Skills/Education/Experience:
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Bachelor’s degree in Accounting or Finance required.
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5+ years accounting experience for a bank or financial institution, including 3 years of managerial experience.
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Must have experience with month end close process.
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Knowledge of U.S. GAAP accounting including cash and accrual accounting methods.
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Excellent analytical skills.
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Demonstrated ability with Microsoft Office suite; must have advanced Excel skills.
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Strong communication and organizational skills.
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Ability to manage tight deadlines
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Excellent problem solver and must be able to work independently and proactively seek guidance/support when necessary
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Strong attention to detail and ability to multitask.
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