Financial Reporting Manager

2 weeks ago


Muscatine, Iowa, United States CBI Bank & Trust Full time
Job Overview

Position Summary:

The Financial Reporting Manager plays a crucial role in assisting the Senior Controller, Vice President, and CFO in the effective management of the accounting division. This position entails a variety of accounting responsibilities, ensuring the timely preparation and submission of all essential financial reports while performing additional tasks related to the accounting department.

Key Responsibilities:

  1. Generate and finalize financial data that meets all regulatory reporting standards for the organization.
  2. Compile and disseminate daily, weekly, monthly, and annual reports to management and regulatory bodies.
  3. Oversee the completion of monthly, quarterly, and annual reporting cycles by processing general ledger entries, analyzing financial statements, conducting reconciliations, and addressing any discrepancies.
  4. Prepare and record general ledger entries accurately.
  5. Determine appropriate depreciation rates for capital assets.
  6. Manage accounting for fixed assets, investments, prepaid expenses, accounts payable, and periodic accruals.
  7. Create various reports for financial analysis, including assessments of loan losses and yield reports for loans and investments.
  8. Review relevant accounting reports and records to identify and rectify inaccurate postings.
  9. Assist in documenting internal controls as directed by the Senior Controller and/or CFO.
  10. Perform various clerical tasks such as preparing depreciation forecasts and managing expense controls, assisting in the calculation of estimated tax payments, and preparing diverse reports.
  11. Address a range of inquiries regarding financial transactions, conducting research and resolving issues as needed.
  12. Collaborate with the CFO and Senior Controller on the design and implementation of new accounting systems and reporting frameworks.
  13. Uphold the organization's vision, mission, and values, demonstrating mutual respect, integrity, and accountability.
  14. Ensure compliance with all organizational policies and procedures, as well as applicable state and federal banking regulations.
  15. Exhibit a strong commitment to both internal and external customer service.

Qualifications:

  • General specifications are guidelines based on the minimum experience typically required for satisfactory performance in this role. The qualifications listed below represent the knowledge, skills, and abilities necessary for effective job performance.
  • Bachelor's degree from an accredited institution or four or more years of relevant experience and/or training, or a combination of education and experience. Work experience should include a comprehensive background in accounting.
  • Intermediate knowledge of general accounting principles, payroll, budgeting, and related record-keeping systems within a financial institution.
  • Advanced understanding of relevant state and federal banking compliance regulations, as well as organizational accounting policies and procedures.
  • Intermediate skills in consolidating and reporting financial results, along with formulating and implementing accounting procedures.
  • Proficient in computer operations, including mainframe systems, word processing, and spreadsheet software.
  • Typing skills sufficient to meet the demands of the position.
  • Advanced mathematical skills, including the ability to calculate interest, commissions, and percentages, as well as balance accounts and identify mathematical errors.
  • Strong oral, written, and interpersonal communication skills, with the ability to follow instructions, interpret documents, and prepare reports and correspondence.
  • Capability to address complex problems involving multiple variables in non-standardized situations.
  • Excellent organizational and time management abilities.
  • Ability to work independently with minimal supervision while fulfilling responsibilities.


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