Reconciles select general ledger accounts, as well as, loans purchased and sold in the secondary market, fixed-asset system, check register, pre-paid, accruals, A/H and credit life insurance, and maintains investments in accordance with generally accepted accounting principles and guidelines approved by management. Responsible financial statements and reporting. Assists other members of the department as requested. Assists the Accounting Manager with special projects as requested.
Major Duties and Responsibilities
Handles monthly reconcilement and audit preparation of various general ledger accounts.
Performs necessary functions for reconcilement with the Federal Reserve Bank, the Federal Home Loan Bank, and other general ledger accounts as needed.
Maintains the prepaid and associated depreciation schedules on the FAS software for general journal entries; ensure proper recording of new purchases. Coordinates the biennial physical inventory for all branches. Prepares quarterly roll-forwards. Maintains prepaid and accrued expenses schedules
Prepares monthly and quarter end reports for Board of Directors and NCUA 5300 financial reporting as assigned. Including but not limited to the schedules for Allowance for Loan Losses, delinquency and ALM calculations.
Reconciles month end reports, payoffs and adjustments for the FHLB portfolio of sold loans. Confirms month end interest rates and paid to dates have adjusted correctly and corrects any errors prior to month end. Prepares monthly sold loan delinquents reports per the trial balance and forwards to FHLB. Reconciles daily and monthly reports and remits funds and reports to investors of sold loans within a specified time frame.
Prepares and posts journal entries as required for certain Corporate activity such as but not limited to bonds, money orders and gift cards.
Reviews daily system suspense accounts and corrects any out of balance conditions or communicates with proper personnel indicating corrections that need to be made and addresses any system errors.
Maintains official check reconciliations.
Files 945 tax return. Reviews any IRS correspondence relating to 941 or 945 returns.
Documents policies, procedures and workflows for assigned areas of responsibility.
Maintains investment system including preparation of monthly reconciliations and entries and monthly and quarterly roll forwards. Maintains complete documentation for each investment. Includes Bonds, CMO’s and Certificate of deposits.
Prepares and files the quarterly FR 2900 report.
Back-up to the accounts payable function, including related accruals. Properly coding and timely payment of invoices, reconciling related payable general ledger accounts.
Prepares monthly Excess Share Insurance and American General insurance schedules and posts appropriate entries.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Performs other tasks as required.
Knowledge and Skills
Bachelor’s degree in Accounting.
Must have a good understanding of FHLMC, FNMA and FHLB MFP rules and guidelines