Senior Accounting Associate - Operations
About The Position
About Us Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream. How This Role Impacts Live Oak and its People The Senior Accounting Associate impacts every aspect of Bank and Subsidiary accounting. This role is responsible for reviewing and posting all general ledger entries and processes for accounting operations.
Requirements
- Bachelor’s degree in Accounting, Finance or Business
- 5 years of related experience in the Financial Accounting industry
- Proficiency in computer software packages
Nice To Haves
- Master’s degree in Accounting, Finance or Business or CPA certification
Responsibilities
- Responsible for reviewing all invoice, employee reimbursement and corporate credit card processing
- Responsible for review of Fixed Assets and Prepaids
- Responsible for Bank and Subsidiary payroll allocations
- Stays abreast of policies and procedures to ensure Associates are using correctly in processes
- Prepares monthly general and flight accruals
- Responsible for creating biweekly payroll and benefit payables entries
- Perform monthly SBA guarantee fee reconciliation to capture any discrepancies
- Assist in internal and external audit requests
- Process consolidated tax estimates, returns, and extensions
- Pull quarterly 1099 reports to review for accuracy
- Assist in month end closing processes
- Responsible for maintaining and enforcing accounting operations policies and procedures
- Maintains and seeks to create efficiencies in accounting operations
- Reviews all Accounts Payable processing for completeness and accuracy before posting and prior to payment
- Responsible for month-end General Ledger Accruals and Payroll Allocations
- Reviews intercompany transactions, processes income tax accruals and other monthly or quarterly entries
- Provides guidance to Associates that are responsible for recording the acquisition, monthly depreciation, or disposition of Fixed Assets
- Reviews and approves monthly recording of Fixed Assets depreciation and Prepaids processing
- Maintains company-wide leases and makes appropriate intercompany entries
- Communicates accounting department payment processing procedures and helpful tips to Bank employees as needed
- Maintain and research general ledger discrepancies
- Review all manual general ledger entries
- Execution of monthly general ledger closing process
- Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
