Accounting Professional

3 days ago


Two Harbors, Minnesota, United States Park State Bank Full time
Job Summary:

The Accounting Analyst position at Park State Bank offers a dynamic opportunity to work within the accounting and finance function, ensuring accurate financial transactions and adherence to GAAP. As an entry-level to mid-level accountant, you will reconcile general ledger and internal bank-controlled deposit accounts efficiently, resolving balancing issues and escalating unresolved matters to the Controller.

This role requires strong analytical skills, attention to detail, and effective communication with employees, management, and external vendors. You will be responsible for reviewing daily GL to GL transactions for FDICIA requirements, assisting in the preparation of quarterly call reports and annual summaries of deposits, and reconciling the bank's bond portfolio and interest rate hedges.

Responsibilities and Accountabilities:
  • Reconcile general ledger and internal bank-controlled deposit accounts accurately and efficiently
  • Review daily GL to GL transactions for FDICIA requirements
  • Resolve balancing issues and escalate unresolved matters to the Controller
  • Serve as backup to the Accounts Payable function
  • Assist in preparing quarterly call reports and annual summaries of deposits
  • Reconcile the bank's bond portfolio and interest rate hedges
  • Prepare daily and monthly public entity pledging reports
  • Work with the Bond Portfolio Manager and Payment Operations Department on trade activity to ensure timely entries and supporting documents
  • Reconcile investor servicing portfolios to ensure data accuracy and complete monthly reporting as required by investors
  • Collaborate with system support and other departments to resolve system-related issues
  • Assist with departmental processes and procedures
  • Monitor the general ledger for potential accounting misstatements or errors and report material errors or suspicious activity to the Controller
  • Perform special projects as assigned, including research, system problem resolution, analysis, tracking, and reporting
  • Assist with audit preparation and regulatory examination gathering
Secondary Responsibilities and Accountabilities:
  • Cross-train in other positions within the Accounting/Finance Department as directed
  • Other duties as assigned
Requirements:
  • 2+ years of accounting experience or 2+ years of accounting-related experience, preferably in the financial services industry or accounts payable
  • Associate or bachelor's degree (B.A.) in accounting or finance from a two- or four-year college or university or equivalent work experience
Estimated Salary:

$60,000 - $80,000 per annum, depending on qualifications and experience



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