Accounting Specialist

Summary: Responsible for a wide variety of accounting functions in support of our Banking Centers, including Accounts Payable and Fixed Asset accounting, as well regulatory reporting.    

Primary Accountabilities:   

• Processes all invoices, payment requests and expense reimbursements for payment, which includes reviewing for accuracy, proper approvals and other supporting documentation.  
• Reconcile accounts payable in the system to ensure all payments are accounted for and properly posted.
• Maintains all accounts payable and vendor files (manual and in the system).  
• Understands compliance issues around accounts payable process (W-9, sales tax, etc.) and participates in the annual 1099 issuance process (both 1099-MISC and 1099-NEC).
• Responsible for preparation and filing of the Weekly Report of Selected Assets and Liabilities (FR2644) to the Federal Reserve.
• Responsible for various daily and monthly reconciliations and reports, including but not limited to all external Cash accounts, Fixed Assets, BOLI and prepaid expenses.
• Assist in all financial audits, including those performed annually by our independent auditors.
• Back up other Accounting Officer in their absence on various duties, specifically Fed Funds investing/borrowing.
• Other duties as may be assigned.

Education/Experience:

• Candidate must have at least three years of relatable experience, with Bank experience preferred.
• Bachelor’s degree in Business, Finance or Accounting preferred, or equivalent combination of education and work experience.
• Strong attention to detail and work ethic.
• Strong analytical and organizational skills are required.
• Ability to effectively plan and manage multiple projects.
• Excellent oral and written communication skills.  Must be able to communicate with employees at all levels within the company while maintaining strict confidentiality
• Strong proficiency in Microsoft Office.

Physical Demand/Work Environment: Individuals must be able to move about, stand and have manual dexterity.  The work environment is generally well-lighted HVAC-controlled office.   Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

It is the responsibility of every Bank employee to maintain an effective BSA/AML/OFAC internal control structure, including suspicious activity monitoring and reporting.  Every employee that comes in contact with a reportable and/or a suspicious activity should obtain the proper documentation and file the appropriate report in a timely manner.   Nothing in this job description restricts the Bank’s rights to assign or reassign duties and responsibilities to this job at any time.

The First National Bank of Waterloo does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political afflication, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factors.

Direct Reports: None

Benefits: All full-time and part-time employees receive vacation days based on employment status and years of service (prorated based on hired date) and are eligible to participate in the Profit Sharing and Savings Plan and Employee Stock Purchase Program.  

Full-time employees are eligible to participate in the company health insurance plans, company paid life insurance, Short Term and Long Term Disability, additional voluntary plans, paid Parental Leave, paid Bereavement Leave and Tuition Reimbursement.  In addition to vacation days, full-time employees will receive 48 hours of Personal Time, prorated based on hire date.