Accounting Manager

Job Description

FUNCTION: Reporting to the Controller, the Accounting Manager provides leadership, direction, and coordination of activities for the Accounting Team, including day-to-day controls over financial reporting, operations, change management, and process improvement projects in accordance with the Bank’s strategy. Responsible for investment portfolio accounting reconciling and maintaining the Bank’s accounting records in compliance with generally accepted accounting practices (GAAP) and financial reporting practices. Responsible for PIC accounting and reporting, FRB Reports, Call Report preparation and submission and other assigned regulatory filings, internal accounting audits, creation of monthly financial package, sales tax obligations and annual budget preparation. Supervises Accounting staff and provides various reporting support to other departments within the bank.

GENERAL DESCRIPTION OF DUTIES:

Management of the administration, maintenance, and supervision of accounting functions to meet the requirements of GAAP and FDICIA, and reporting for the FDIC, FRB, Board of Directors, and Management.

Instructs, assigns, and oversees work of the Accounting Team. Emphasizes training, professional development, and growth. Responsible for developing and motivating a high-performance team committed to delivering excellent service to internal and external parties. Strategic team building and cross training to support current and future goals is essential, while ensuring the consistent delivery of best-in-class service that is aligned with customer expectations and Bank objectives.

Active and engaged member of the Bank’s Management Committee structure. Offers insight and opinion on discussions, presentations, and decisions. Presents/participates during Management Committee meetings and assigned project groups.

Oversees all aspects of investment portfolio accounting, including recordation of purchase and sale transactions. Manages the reconciliation of the Bank’s investment portfolio to general ledger, including custody statement and mark-to-market. Responsible for preparing the AFS credit loss assessment. Primary liaison with the external investment accounting software vendor.

In partnership with ERM, responsible for the internal control structure for financial reporting in accordance with FDICIA requirements. Works with auditors and colleagues to review and update controls to ensure risk is appropriately mitigated.

Oversees accounts payable, prepaids, and fixed asset accounting. Ensures that expenses are properly approved, accrued, recorded, and paid on a timely basis. Primary liaison with the external accounts payable software vendor.

Direct responsibility for accurate, timely completion of state, FDIC, and FRB regulatory reporting.

Reviews the monthly tax provision and participates in annual tax return preparation. Responsible for coordination of the annual PIC time study and reporting.

Active role in the development of the Bank’s annual operating and capital budgets. Key participant in coordinating and collaborating with various departments to facilitate the completion of departmental budgets and monthly reporting of budget variance explanations. Responsible for loading the final Board approved budget into the core operating system.

Oversees and executes general ledger system maintenance as needed.

Responsible for monitoring the balance sheet reconciliation process and advising Controller of discrepancies. Performs monthly analysis and researches variances including review and reconciliation of accrual and prepaid accounts and fixed assets. Reviews and verifies the accuracy of journal entries and account reconciliations.

Responsible for the monthly and annual close, and reporting process of the Bank and subsidiary. Reviews monthly preliminary analytics and communicates with other departments on variance explanations.

Responsible for annual summary of deposits, property tax, nonpayroll withholding tax, and other various filings and reporting.

Analyzes financial reports and records, making recommendations relative to the accounting of reserves, assets, and expenditures. Analyzes and validates system data used in preparing various financial reports, budgets, and regulatory schedules.

Responsible for the integration of various accounting software applications, core processing systems, and other programs to promote automation, efficiency, and accuracy. Works with vendors and IS department to ensure department software is fully functional. Works with Controller to leverage software to fullest extent.

Responsible for meeting timelines set by the CFO & Controller.

Key participant in coordination of the annual financial audit. Serves as a direct liaison with external and internal auditors and oversees audit preparation as assigned.

Satisfactorily completes all required compliance training.

Performs other related duties as required.

OTHER REQUIREMENTS:

Critical and Strategic thinker with a strong attention to detail.

Seasoned problem solving, that seeks solutions independently analytical and decision-making skills. Demonstrates ability to work independently on complex issues and projects. High regard for important details, with excellence in attention to detail, to ensure accuracy in every transaction, report and /or process; detect errors, follow through on corrections and details.

Ability to effectively identify, extract, and analyze relevant data.

Strong working knowledge of financial and budget processes.

Represents the interests of the Bank by providing leadership to and/or participating in various community and civic activities.

LEADERSHIP PHILOSOPHY:

Empower & Support: Prioritize employees' growth by providing resources, mentorship, and opportunities for success.

Lead with Integrity: Foster a culture of trust, transparency, and ethical decision-making.

Encourage Collaboration: Fostering an environment that leverages collaboration, innovation, and accountability to achieve strategic goals

DIGITAL LITERACY: The ability to use data, information, and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills.

Information, data, and content

Teaching learning and self-development

Communication, collaboration, and participation

Digital identity, safety, and security

Technical proficiency with all bank products

Awareness and interest in new technology

Creation, innovation, and research

POSITIONS SUPERVISED: Accounts Payable Specialist, Staff Accountant and Senior Accountant.

EXPERIENCE: Four to eight years of similar or related experience. Preferred Assistant Controller, Accounting Manager, Supervisor experience, but open to Senior Accountant seeking career progression into leadership role. Experience in banking is preferred.

EDUCATION REQUIRED: A bachelor’s degree in Accounting, Business, or other related discipline.

*Compensation: Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

Ascend Bank is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.

Applicants requiring reasonable accommodation in the application process should notify Human Resources.

Ascend Bank participates in E-Verify.

EOE/AA/M/F/D/V

Full-time