Assistant Vice President of Operational Accounting

New York, New York • $120,000K -$140,000K

About the Company:

Our client, a highly prestigious Community Bank, is looking to hire an Assistant Vice President of Operational Accounting who will oversee all daily reconciliation activities, month-end close responsibilities, bank loan accounting, and will manage a team of 4+ individuals.  This hire will play a pivotal role in assuring accounting for the Bank’s core activities is running smoothly.

Responsibilities:

  • Oversee daily/weekly/monthly bank account settlements.
  • Review daily posting of General Ledger entries.
  • Troubleshoot reconciliation differences; communicate with all parties involved (branches, vendors, etc.); correct errors by posting adjusting journal entries and act proactively to prevent similar situations from taking place; place controls in place to tighten the process and reduce risk.
  • Assume key role in automating the reconciliation process; create status dashboard to track processes in order to create visibility for efficient month end close.
  • Review loan accounting reconciliations and add processes in place to streamline monthly reporting.
  • Create, test, and implement disaster recovery and business continuity plans for team.
  • Review and approve check adjustment claims with Federal Reserve Bank.
  • Develop staff by managing performance, setting goals, providing ongoing training, and maintaining strong employee relationships.

Requirements:

  • 5-8+ years of audit experience, including managerial experience.
  • Experience with loan Accounting a Must
  • Knowledge of retail banking products++
  • BA/BS in Accounting, Finance, or related field of study.

Compensation & Benefits:

  • $120k-$140k in base salary
  • Competitive benefits program
  • Great Quality of Life

 

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