Hybrid Staff Accountant presso Farmers & Merchants Bank

Description

The Staff Accountant is responsible for the daily department operations including general ledger

maintenance, financial reporting, and oversees accounts payable, fixed assets and prepaid/accrual

accounts. The staff accountant aids in managing interest rate and liquidity risks while supporting the

Controller with Asset/Liability Management in analyzing the balance sheet, liquidity, capital, and the income

statements. The staff accountant controls and organizes large data sets to balance income statements.

Essential Responsibilities

• Asset and Liability management
•  Learning and Mastery of the Bank’s analytics system and generates custom reports from the online data processing system. Generates and distributes report requests.
• Provides explanations for the monthly and quarterly expense analytics and variance analysis and assists in ensuring proper accruals are recorded for unrecorded liabilities.
• Research technical accounting issues to ensure compliance.
• Maintains, updates, and utilizes the Bank’s accounts payable systems and workflows with the timely and accurate integration of accounts payable, prepaid expense and accrual entries into general ledger accounts.
• Monitors funds position daily, researches large fluctuations advises findings of reports to management.
• Tracks annual 1099 payments and completes annual reporting to vendors and IRS.
• Files annual 945 withholding tax forms with IRS and makes required monthly withholding tax payments. 
• Manages Public funds assuring proper collateral pledging and balance monitoring works with branch managers on possible balance fluctuations affecting pledging needs.
• Completes quarterly FHLB collateral pledging based on pledging guidelines and requirements.
• Assist with invoices and financials for subsidiary companies.
• Aids in the development and implementation of financial information and control systems including the GL subsystems.
• Gathers audit items and works with auditors to ensure compliance with GAAP.
• Gathers documentation and verifies information to prepare and file the Bank’s Call Report.
• Maintains swap and investment data to ensure investment and risk management decisions are being made from accurate data.
• Provides analytic support to other coworkers and departments to ensure income and expenses are recorded accurately. Works cross-departmentally on projects relating to business initiatives.
• Monitors investment portfolio asset allocations and compares to set limits.
• Supports development and implementation of department policies and procedures.
• Contributes to process efficiency improvements. 
• Works cross-departmentally on projects relating to strategic objectives.
• Completes all required annual training and seeks opportunity for continuous professional development.

Requirements

Qualifications

• Has earned a bachelor's degree in a related field (Finance, Business, or Accounting).
• Possesses 3+ years of accounting and bank finance experience.
• Holds an industry certification in the area of finance or accounting.

Equal opportunity employer.