Accounting Specialist I
About The Position
New Valley is seeking a detail-oriented and motived Accounting Specialist I to join our Finance and Accounting team. This entry-level position is ideal for candidates who have completed accounting and finance coursework and are eager to apply their knowledge in a professional banking environment. The Accounting Specialist I will support daily accounting operations, prepare and review financial reports, and help maintain the accuracy of financial data. Qualified candidates must have strong analytical skills , as well as the ability to work both independently and collaboratively to support the bank's financial objectives.
Requirements
- Completion of associate's degree or equivalent in accounting/finance required
- 1+ years of accounting or banking experience preferred
- Knowledge of Generally Accepted Accounting Principles (GAAP)
- Proficiency with accounting software and Microsoft Excel
- Strong planning, organizational, administrative, problem-solving, and time management skills
- Excellent organizational, verbal and written communication, and computer skills
- Ability to work with business partners with such as auditors, partner banks, insurance companies and benefit providers
Nice To Haves
- Bachelor's degree in accounting/finance preferred
Responsibilities
- Assist with posting daily general ledger activity
- Monitor cash accounts with counterparties for balances and transaction activity
- Maintain securities portfolio, including entering purchase and pledge information
- Assist with accounts payable function, entering invoices, submitting payments, and performing vendor maintenance
- Calculate monthly accrual amounts, including for annual staff bonuses, retail incentive bonuses, and professional services
- Support month end and year end closing processes by gathering documentation, making closing general ledger entries, and performing monthly reconciliations
- Monitor prepaid expenses for completion and renewal
- Complete routine liquidity dashboards for monitoring and reporting
- Assist with quarterly asset liability management, interest rate risk, and liquidity reporting
- Track borrowing and brokered CD maturities to ensure timely repayment
- Assist with Regulation O insider relationship reporting
- Provide support during audits and regulatory examinations
- Collaborate with other departments on financial questions and reporting needs
- Other duties as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
