Winchester Savings Bank Hiring for Staff Accountant Job at Winchester, MA Full Time

Summary Description:

Generate daily internal financial statements; process accounts payable, investment transactions; maintain balance sheet/income statement reconciliations and reconcile various general ledger accounts.

Essential Job functions:

Generate Daily Internal Financial Statements

• Post transactions, balance branches to general ledger and generate balance sheet and income statements.

Accounts Payable

• Process invoices and employee expense reports for the Bank and subsidiaries.
• Review invoices for proper approval, code with expense account, post into accounting system, issue & mail checks, prepare wire payments and generate journal entries.
• Verify Taxpayer Identification Number on record for all vendors through IRS TIN Matching website & maintain documentation.
• Responsible for verifying vendors against the Office of Foreign Assets Control (OFAC) system prior to payment.
• Review invoices for proper sales & use tax and generate report.
• Prepare, review and issue year end 1099 Misc., 1099- NEC & 1042-S Forms.

Investment Transactions

• Process principal and interest payments, purchases, sales, maturities, and calls.
• Transfer and post transactions to general ledger, maintain current interest rates and market values.

Deposit & Loan Files

• Input the deposit & loan account balances into excel spreadsheets that are reviewed by Management.

Month end Responsibilities

• Prepare various journal entries.
• Generate and review amortization, accretion, and accruals entries for investments.
• Generate month-to-date and year-to-date balance sheet and income statements.
• Generate investment reports for the Bank and subsidiaries.
• Prepare Trustee’s Investment Report.

Maintain Balance Sheet/Income Statement Reconciliations

• Gather and organize reconciliations from various departments, review balances to financial statements and issue reminders for late reconciliations.

Reconciliations

• Reconcile various balance sheet accounts, research, and resolve variances.
• Correspondent Bank Accounts
• Investments
• Various Suspense Accounts

External Regulatory and Internal Financial Reports

Agenda, Weekly Balance Sheet for Management, FDIC Call Report (multiple schedules), DIF Performance Measurement Call Report

Independent Audit

• Prepare independent audit work papers (interest reasonableness tests, investment roll forwards, etc.) for Controller’s review

Document Imaging

• Scan documents into imaging software

Other Duties as Assigned.

SPECIFIC SKILLS REQUIRED:

• Strong working knowledge of Microsoft word and excel, outstanding communication skills (verbal and written), excellent organizational skills, must have exceptional attention to detail skills, the ability to multitask, and to work independently and with team members.

EDUCATION AND/OR PRIOR EXPERIENCE REQUIRED

• Accounting degree and/or a minimum of 3-5 years of relevant accounting experience is preferred: Familiarity with the banking industry is ideal.

Job Type: Full-time

Pay: $55,000.00 – $65,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Tuition reimbursement
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• Winchester, MA 01890: Reliably commute or planning to relocate before starting work (Required)

Experience:

• General ledger reconciliation: 1 year (Required)

Work Location: One location