What are the responsibilities and job description for the Financial and Regulatory Reporting Analyst III position at Bank of Bird-in-Hand?
Job Title:
Financial and Regulatory Reporting Analyst III
Reports to:
Controller
Department:
Finance
Job Classification:
Exempt
Bank Officer Title:
AVP
Direct Reports:
N/A
Main Function Summary:
Coordinates a wide variety of financial accounting and regulatory reporting, including various reporting requirements of the Financial Accounting Standard Board (“FASB”), Federal Deposit Insurance Corporation (“FDIC”), Federal Reserve Bank (“FRB”), and other regulatory oversight authorities as well as internal management reporting. Responsible for understanding and staying up to date with all applicable accounting and financial reporting rules and regulations issued by the FASB and oversight authorities.
Education and Experience:
- Bachelor’s degree in accounting or finance, required.
- Minimum of ten (10) years of work experience in finance and accounting (preference with experience in banking and/or with a public accounting firm), required.
- Strong analytical skills with the ability to interpret financial and regulatory reporting rules and regulations to identify trends that impact the bank’s financial trajectory.
- Ability to synthesize complex or diverse information.
- Ability to communicate effectively with all levels of management and staff, including the ability to summarize and communicate technical and numerical information to executive management and the Board of Directors.
- Ability to work independently without supervision, as well as in a team environment.
- Advanced proficiency in Microsoft Word, Excel, PowerPoint and Outlook.
Job Description:
Essential Duties
- Assists Controller with the preparation of annual audited financial statements.
- Prepares internal monthly financial reports, Board reports, and related analysis.
- Assists the Controller and CFO with the preparation of quarterly and annual financial reports.
- Prepares and submits Regulatory Reports within prescribed deadlines: [Including but not limited to quarterly Call report and various Federal Reserve reports]
- Gathers, prepares, and analyzes financial data from various sources across the Bank to ensure accuracy in reporting.
- Monitors regulatory changes and updates reporting processes accordingly.
- Collaborate with internal stakeholders like accounting, credit, lending, operations, and risk obtaining necessary data and address reporting requirements.
- Completes ad hoc reporting and analysis.
- Monitors the Bank’s financial reporting and data processing systems to ensure compliance with all areas of financial reporting.
- Participates in senior management decisions, particularly those directly related to the accounting for and financial reporting of transactions of the Bank.
- Works with the Controller or CFO to ensure proper reporting for the adoption of new accounting standards.
- Preparation of outstanding common stock share reconciliation including authorized plan shares.
- Regularly exercises discretion and judgment in the performance of essential job functions.
- Investor relations, including maintaining the aftermarket list of buyers and sellers, assisting with shareholder inquires for purchases, sales, and other general shareholder questions, liaison with Pacific Stock Transfer.
- Write and/or update procedures related to core duties
- Follows Bank policy, procedures, and guidelines.
- Perform other duties as required.
Environment/Physical Demands:
Environment
- Office environment conditions.
Physical
- Ability to hear, see and speak adequately (with or without accommodations) to perform the essential functions of the job
- Ability to perform repetitive movements including walking, standing, and sitting for long periods of time to adequately perform the essential functions of the job
- Digital dexterity and eye/hand coordination in the operation of office equipment
- Light to moderate lifting and carrying of supplies, files, etc.
- Capable of learning to use typical office equipment.
- Performing simple to moderately complex mathematical calculations.
Equal Opportunity Employer
All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
