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Staff Accountant

Company: Cornerstone Bank
Location: Southbridge
Posted on: May 16, 2022

Job Description:

Position Overview
The Staff Accountant supports the Controller in the planning, implementation, and assessment of the bank's asset/liability management strategies and programs. This role also serves to support the Controller in revenue and balance sheet due diligence and trend assessment, as well as analysis of funding alternatives and related expenses. The Staff Accountant directly oversees the investment portfolio policy adherence in relation to due diligence, record retention, and related ongoing documentation. This position will utilize the budgeting software, PlanSmith and will complete the Call Report and various other regulatory reports. This position also will be called upon for assistance by the Controller/AVP - Assistant Controller to assist the department at large.

Responsibilities and Accountabilities
Timely and accurately recording of all investment transactions in the general ledger
Ensures investment files are updated, alerts the Controller of any technical exceptions to recordkeeping and monitors outstanding items
Supports the Controller in Board report preparation pertaining to the investment portfolio, ALLL/CECL, and other ALCO based reports
Accurate and timely preparation of regulatory reporting, specifically the quarterly Call Report
Assistance to the Controller in the preparation of the ALLL/CECL
Assistance to the Controller in the preparation of the annual budget
Accurate recording of all equity activity to the general ledger
Daily reconciliation of the Loan and Deposit general ledger accounts
Preparation of all OREO reports and tracking of OREO related items
Timely and accurately recording of CD purchases, redemptions, and interest payments in the general ledger as they relate to the Bank's investments
Ensures all bond purchases are recorded and approved for settlement in appropriate general ledger accounts, and online platforms
Daily, monthly, and quarterly reconciliations as needed to support job functions
Serves as back-up resource to accounting team as determined by the Controller/AVP-Asst. Controller.
Ensures all investment activity supporting documentation is completed accurately and timely
Other duties deemed necessary

Excellent Excel skills
Proficiency in PowerPoint/other various software applications
Required continued training on various software programs and learning (i.e. PlanSmith, Vlookup, various others)
Ability to learn new budgeting, reporting and analysis software
Aptitude towards balance sheet management, understanding interdependencies of assets to liabilities
Ability to read analyze and interpret financial reports, to respond to regulator inquiries, to effectively present information for and to senior management
Ability to apply principles of logic

Bachelor's degree
Physical Requirements

The Staff Accountant is in a non-confined office type setting in which he or she is free to move about at will.

The Staff Accountant spends time writing, typing, speaking, listening, driving, carrying, seeing (such as close, color and peripheral vision, depth perception), sitting, pulling, walking, standing, and reaching.

The Staff Accountant may operate any or all of the following: telephone, cellular telephone, copy and fax machine, adding machine (calculator), scanner, computer, printers and other equipment as directed.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Cornerstone Bank is an Equal Opportunity Employer. In compliance with Equal Opportunity Guidelines and the Americans with Disabilities Act, Cornerstone Bank provides reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.



Keywords: Cornerstone Bank, Worcester , Staff Accountant, Accounting, Auditing , Southbridge, Massachusetts

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