Accounting Intern

American Business Bank•Los Angeles, CA

7h•Onsite

About The Position

The Accounting Intern performs a variety of tasks to support the Accounting Department with a focus on standard journal entries, basic general ledger reconciliations and supporting Accounts Payable. Other responsibilities include household maintenance, accounting department housekeeping, assistance with other journal entries and reports generated by Accounting and serving as a back-up role for other Accounting department personnel. Assigned special projects as needed. This position is also responsible for complying with the Bank's established internal controls procedures.

Requirements

Compliance with Bank Secrecy Act Compliance Program, CIP, CDD, new CDD Rule, and OFAC requirements.
Awareness of new account and lending related red flags.
Effective communication and information collection for customer account activity inquiries.
Assistance with independent, state and federal regulator auditor inquiries.
Proficient knowledge of Bank Secrecy Act, USA Patriot Act, and OFAC.
Reporting of suspicious activities or transactions to the BSA department.
Response to inquiries and explanations to differentiate suspicious activity.
Preparation of standard journal entries from schedules.
Assistance with uploading journal entries into general ledger software.
Preparation of monthly general ledger and bancontrol accounts reconciliations within BlackLine.
Maintenance of the FIS Householding system.
Backup for preparing and handling FR2644, FR2900, and Local Agency/Public Funds reporting.
Backup for researching and clearing daily GL suspense items.
Backup for preparation of Regulation D NDIP reports, statements, and monthly reconciliation.
Support for Accounts Payable functions, including invoice review, posting, check mailing, research, and filing.
Backup for Investment Staff Accountant responsibilities including bond accounting, settlement, journal entries, and month-end balancing.
Backup for other Accounting Dept. functions, including journal entries for FRB excess, overnight borrowings, FHLB dividend income, bank service fees, and accrued expenses.
Administrative support for the department (copying, scanning, filing).
Assistance with special projects.
Responding to inquiries or referring them to the appropriate department/person.
Ensuring compliance with all Bank policies and procedures and applicable laws/regulations.
Timely and correct completion of administrative tasks.
Support of the Bank’s goals and values.
Safe performance of duties without endangering self or others.
Reporting of potentially unsafe conditions.
Regular and reliable attendance.
Maintenance of confidentiality of customer account information.

Responsibilities

Complies with aspects of the Bank Secrecy Act Compliance Program, specifically with the CIP, CDD, new CDD Rule, and OFAC requirements; is aware of new account and lending related red flags; effectively communicates and collects information related to requests for information on customers account activities; and assists independent, state and federal regulator auditor inquiries.
Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, and OFAC.
Reports any information or knowledge of any events or transactions that could cause a reasonable person to suspect activities that should be reported to the BSA department for further analysis. Responds to inquiries and provides explanations to differentiate suspicious activity from non-suspicious activity.
Prepares standard journal entries from schedules including but not limited to accrued payroll and post-retirement health benefits.
Assists Accounting department personnel with uploading journal entries into the general ledger software on an as needed basis.
Prepares monthly general ledger and bancontrol accounts reconciliations as assigned within the BlackLine application.
Responsible for maintenance of the FIS Householding system.
Serves as a backup for preparing and handling the FR2644, FR2900, and Local Agency/Public Funds reporting on a weekly basis.
Serves as a back-up for researching and clearing daily GL suspense items.
Back up to the preparation of Regulation D NDIP reports, statements, and monthly reconciliation.
Supports the Senior Accounting Specialist for Accounts Payable functions, including but not limited to review of invoices for proper authorization, posting invoices from the Note Department, ODP, and for supplies, assisting with call back, mailing checks, and other A/P functions such as research and filing, as needed.
Serves as backup for the Investment Staff Accountant responsible for bond accounting, including settlement of purchases and sales, maturities and calls, journal entries processing for purchases, sales and maturities as well as principal and interest payments and month-end balancing and preparation of reports related to bond accounting.
Acts as backup for other Accounting Dept. functions, including back-up coverage for journal entries such as FRB excess, overnight borrowings, FHLB dividend income, bank service fees, and other accrued expenses.
Provides administrative support for department as to copying, scanning, filing, etc.
Assists in special projects on an as needed basis.
Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with customers and/or staff involved.
Assures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules and regulations.
Completes administrative tasks correctly and on time and supports the Bank’s goals and values.
Performs the position safely, without endangering the health or safety of themselves or others and reports potentially unsafe conditions.
Maintains regular and reliable attendance.
Maintains confidentiality of customer account information.