What are the responsibilities and job description for the Staff Accountant 1 position at Arvest Bank?
Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .
Position is located at 921 W Monroe Ave, Lowell, Arkansas.
Position is Monday through Friday 8 am to 5 pm with the ability to work additional hours as needed.
CPA Eligible Candidates With An Accounting Degree Are Preferred.
The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission – People helping people find financial solutions for life.
Job Title: Staff Accountant 1
The Staff Accountant 1 is an entry-level accounting position responsible for a variety of accounting and financial reporting functions, including preparation, distribution, and support of financial reports that are provided to bank management. Specific duties include but are not limited to, accounting functions such as preparation and analysis of variance reports, input of properly authorized general ledger entries, accounting for fixed assets and providing overall accounting support to assigned local banks, subsidiaries, and divisions.
We are seeking candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspired.
What You’ll Do at Arvest: (Other duties may be assigned.)
The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
We offer competitive compensation, benefits packages, and significant professional growth.
Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.
Grade 14
Pay Range: $51240 - $60848 per year
Position is located at 921 W Monroe Ave, Lowell, Arkansas.
Position is Monday through Friday 8 am to 5 pm with the ability to work additional hours as needed.
CPA Eligible Candidates With An Accounting Degree Are Preferred.
The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission – People helping people find financial solutions for life.
Job Title: Staff Accountant 1
The Staff Accountant 1 is an entry-level accounting position responsible for a variety of accounting and financial reporting functions, including preparation, distribution, and support of financial reports that are provided to bank management. Specific duties include but are not limited to, accounting functions such as preparation and analysis of variance reports, input of properly authorized general ledger entries, accounting for fixed assets and providing overall accounting support to assigned local banks, subsidiaries, and divisions.
We are seeking candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspired.
What You’ll Do at Arvest: (Other duties may be assigned.)
- Review local bank, subsidiary and division general ledgers and financial statements for proper accounting and to identify extraordinary items. Communicate significant variances to leadership. Follow-up on all significant variances and extraordinary items and research and correct errors in a timely manner.
- Maintain fixed asset records for the company by recording additions, disposals, or other changes into the fixed assets software and prepare and record accounting general ledger entries. Work with the tax department to ensure appropriate changes are reflected for tax reporting purposes. Communicate with bank and division associates as needed.
- Maintain prepaid asset records for the company. Communicate with bank and division associates as needed.
- Generate, review, and distribute financial and other reports to management including, but not limited to, the financial statement analysis (FSA) reports, monthly board reports, and other management reports. Prepare inputs and review trends and month-to-month changes appearing in the reports prior to issuance. Anticipate possible inquiries from management to provide explanations.
- Prepare, review, and record assigned monthly income and expense allocations of divisions and subsidiaries of the bank. Prepare the shared services allocation and budget variance reports. Responsible for implementing process changes for the assigned allocations.
- Process Other Real Estate (ORE) and repossessed asset (Repo) additions, sales, and write-downs for the bank and bank subsidiaries. Ensure that the ORE and Repos are recorded in accordance with Generally Accepted Accounting Principles (GAAP) and regulatory guidelines. When issues are identified, work with Special Assets or the bank to resolve and adjust the ORE value as appropriate. Prepare the ORE roll forward for review by the Accounting Supervisor.
- Prepare a variety of accounting entries and provide sufficient supporting documentation necessary for timely review and approval.
- Maintain written standard operating procedures for all assigned functions and processes.
- Assist in gathering information for requests and inquiries of management, auditors, and or examiners.
- Understand and comply with proper controls, documentation, company policy and procedures.
- Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
- Bachelor’s Degree in Accounting, Finance, or a related field of study, or equivalent work or military experience, required.
- Excellent organizational and analytical skills are required.
- A general understanding of Generally Accepted Accounting Principles (GAAP) is required.
- Strong computer skills with solid experience in Microsoft Excel and Word required.
- Strong written and oral communication skills required.
- Keen attention to detail and ability to multi-task and prioritize in a fast-paced environment.
- Experience with Oracle EPM and Infor applications preferred.
- Relevant military experience is considered for veterans and transitioning service members.
The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
We offer competitive compensation, benefits packages, and significant professional growth.
Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.
Grade 14
Pay Range: $51240 - $60848 per year
Salary : $51,240 - $60,848
