Accounting Specialist

Abbott Laboratories Employees Credit Union•Gurnee, IL

7d•$18 - $31

About The Position

The Accounting Specialist is responsible for accurately and efficiently processing the organization’s accounts payable and accounts receivable transactions, reviewing general ledger activity, supporting financial reports, maintaining and reconciling general ledger accounts, and preparing special accounting reports for management and regulatory authorities. The role includes maintaining general ledger accounts; reviewing branch activity and processing entries; reconciling Visa entries, cashier drafts, bank accounts, certificates of deposit, investment purchases, insurance premiums, ATM and ITM activity, and accounts payable items. The Accounting Specialist also processes vendor invoices and employee expenses, maintains fixed assets and prepaid accounts, supports monthly depreciation and amortization entries, updates correspondent bank account user profiles, maintains accounting records, and coordinates general ledger and reconciliation information with other departments. Other duties may be assigned.

Requirements

High school diploma or equivalent.
At least two years of experience working in an Accounting Department or Financial Institution.
Working knowledge of a data processing system.
Strong skills in Microsoft Excel and other Microsoft Office programs.
Understanding of basic accounting principles (GAAP), including debits, credits, accruals, and reconciliations.
Accounting courses.
Analytical ability and attention to detail.
Ability to communicate effectively with other credit union departments and internal and/or external members.
Ability to perform job functions independently and work as part of a team.
Ability to use computers and job-specific technology/software efficiently.
Ability to maintain confidentiality.
Ability to perform responsibilities with composure, quality, and accuracy under deadline or requirement pressure.

Nice To Haves

Associate’s degree in Accounting or a related field.
At least three years of experience working in an Accounting Department, preferably at a financial institution.

Responsibilities

Maintain general ledger accounts.
Review daily reports for branch activity and process necessary general ledger entries.
Review and reconcile daily Visa entries and prepare journal vouchers for adjusting entries.
Reconcile cashier drafts daily and follow up on outstanding items.
Prepare corporate bank reconciliations.
Process and reconcile the bank CD portfolio.
Process and post investment purchases.
Reconcile Credit & Life Disability premiums.
Receive vendor invoices and employee expenses, ensuring proper approvals and supporting documentation.
Prepare and post journal vouchers for general ledger accounts related to vendor invoices and employee expenses.
Maintain, manage, and reconcile accounts payable, fixed assets, and prepaid accounts, including monthly depreciation and amortization entries.
Maintain and update user profiles for correspondent bank accounts.
Maintain record retention for the Accounting department.
Coordinate monthly general ledger and reconciliation information.
Coordinate with other departments regarding general ledger and reconciliation information.
Reconcile ATM and ITM activity daily and monthly and prepare necessary journal vouchers.
Ensure disbursements are authorized, properly recorded, and processed in a timely manner.
Maintain core processing and Image Vendor invoices.
Perform other duties as assigned.