Accounting Specialist

Chesapeake Financial Shares•Gloucester, VA

About The Position

Are you a numbers enthusiast with a knack for problem-solving? Do you thrive in a fast-paced environment where precision and adaptability matter? Chesapeake Bank is looking for an Accounting Specialist to join our Flexent team—a group dedicated to delivering smart financial solutions and exceptional client service. In this role, you’ll be part of a dynamic department that blends underwriting, financial analysis, and risk management. You’ll help ensure our clients’ success while safeguarding the integrity of our processes. If you enjoy digging into details, spotting trends, and contributing to big-picture decisions, this is the opportunity for you. What makes this role exciting? Work closely with leadership on strategic financial reviews Gain hands-on experience with underwriting and portfolio analysis Be part of a team that values collaboration, compliance, and community impact What we’re looking for: A strong foundation in accounting or finance Tech-savvy and comfortable with digital tools Excellent communication skills and a sharp eye for detail A problem-solver who can juggle priorities with ease Why You’ll Love It Here: We’re consistently ranked among the top 200 banks in the U.S. for employee engagement “Fun” isn’t just a buzzword—it’s a core value we live every day Competitive pay, great benefits, and real opportunities to grow A culture of giving back: we invest time and money into the communities we serve You’ll actually want to get up and come to work A collaborative executive team that values your input W ant to read more about why you should join the team, click the link below: Top 10 Reason You Should Explore a Career with Chesapeake Bank At Chesapeake Bank, we believe in more than just numbers—we believe in people. Join us and help shape financial solutions that make a difference. Ready to take the next step? Apply today and start building a career that matters. Summary: Responsible for assisting the Operations Manager of Flexent and Administration & Underwriter with the underwriting, financial accounting, risk management and reporting for the Flexent Department. Understand the role as defined by the three lines of defense to maintain a compliance culture that includes risk management processes

Requirements

College Degree in Business or equivalent experience/education
3+ years’ experience in Accounting or Finance
Good understanding of computers and the internet
Excellent communication skills
Strong attention to detail
Problem solving skills
Ability to multi-task and the ability to be flexible as priorities fluctuate
Strong focus on customer service and satisfaction

Responsibilities

Assist the Administration and Underwriting Officer with the initial review and underwriting of potential new clients
Manage the underwriting process for the annual renewals for existing Flexent and Flexent ABL clients including financial review, credit checks, due diligence and Approval Memorandum preparation
Assist in preparation and/or review of presentations for the President of Flexent for approval to the appropriate committee as well as presentation to the appropriate approval committee when needed
Works closely with the Administration and Underwriting Officer/President of Flexent on any problem facility and work-outs including communication with the bank’s counsel, providing the support and documentation needed and tracking and maintaining information ongoing until the problem is resolved
Assists in reviewing client contracts, or renewals of contracts, for compliance with Flexent policies and procedures
Review and approval of quarterly financials for all Flexent Clients including tracking financial information and ratios, recording explanations of any financial concerns and identifying any potential areas of risk
Performs financial analysis on prospective and existing Flexent clients
Preparation & monitoring of Account Debtor concentrations for individual clients’ account debtor and portfolio-wide limits
Prepare quarterly concentration report for presentation to board
Management & preparation of the monthly reports presented to the Flexent Board Committee
Management & preparation of the Flexent Problem Report for any facility on the Watch List
Management & preparation of the Impairment Analysis, if needed, for Flexent clients on the Watch List risk rated CF5 or above
Management of performing analysis of dilutions, cross aging and other credit risks
Management of the Field Audit process for Flexent and Flexent ABL clients
Monitoring the Asset Based Lending portfolio to validate collateral and report deficiencies to the Operations Manager or the President of Flexent
Assist in monitoring collateral and financial reporting to ensure compliance for Asset Based Lending clients
Assist with managing Asset Based Lending clients operational and support issues as needed
Understand your role as defined by the three lines of defense to maintain a compliance culture that includes risk management processes
Other duties as assigned