Senior Financial Analyst

2 months ago

Polkton, United States Southern Bank of North Carolina and Virginia Full time
SOUTHERN BANK

JOB DESCRIPTION

POSITION: Senior Financial Analyst

REPORTS TO: Chief Accounting Officer

REPORTS TO THIS POSITION: None

FLSA STATUS: Exempt

ROLE SUMMARY:

Provide advanced accounting and technological knowledge in support of various functions within Corporate Finance.

SPECIFIC JOB FUNCTIONS {Duties/Responsibilities):
  • Treasury-related responsibilities:
    • Continuously monitor liquidity
    • Execute transactions to support bank's liquidity position within approved guidelines
    • Develop and maintain relationships with counterparty bank officials in support of company's liquidity management program
    • Coordinate information needed by Chief Financial Officer and Funds Management Committee to manage liquidity and evaluate current and future interest rate positions
    • Working with external vendors, maintain models to project net interest income including periodic stress testing of key model assumptions
    • Manage development of annual budget and monitor actual performance against budget
    • Manage investment accounting function, including purchase and sale transactions and compliance with collateral requirements for public fund customers and any related reporting requirements
  • Accounting and financial reporting responsibilities:
    • Facilitate development of data to support quarterly regulatory reporting function
    • Assist with accounting for complex or non-routine transactions
    • Perform the calculation and accounting for the allowance for credit losses, as well as accounting for acquired loans
    • Coordinate development of and maintenance of complex disclosure items, including loans, allowance, and derivative disclosures
    • With respect to new accounting guidance, coordinate research, policy development and process implementation
  • Tax responsibilities:
    • Familiarity with monthly income tax provision
    • Coordinate information requests received from preparer related to income tax returns
    • Coordinate completion of year-end tax provision
  • Other responsibilities:
    • Manage liquidity monitoring, investments and monthly accounting for Southern Bank Foundation
    • Coordinate department's vendor review process and assist vendor management with financial reviews of the company's critical vendors
    • Prepare financial statements and coordinate audit of those financial statements for the company's various benefit plans
    • Primary contact for external financial audits and regulatory examinations, as well as responsible for coordinating the effort related to gathering requested documents for such audits and exams.
    • Perform related duties as assigned or as the situation dictates.


JOB REQUIREMENTS:

KNOWLEDGE/SKILLS/ABILITIES REQUIRED:
  • Expert accounting knowledge
  • Advanced computer skills, including working knowledge of Microsoft Office applications, including Excel, Power Point, Word and Outlook
  • General regulatory knowledge
  • Strong attention to detai
  • Excellent organization and time management skills
  • Ability to work under pressure
  • Ability to work with limited supervision
  • Ability to effectively communicate both orally and in writing
  • Ability to respect confidentiality of sensitive information
  • Ability to maintain good customer and staff relations
Education/Experience requirements:
  • Undergraduate/graduate degree in accounting or finance.
  • Certified Public Accountant or eligible to sit for CPA exam with plans to seek certification preferred.
  • Prior relevant work experience in public accounting or related industry posiiton.
  • Management experience preferred.