Core Applications Accounting Manager

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5 billion in assets by 2023. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as "Best Place to Work" by the Baltimore Business Journal in 2022, 2023 and 2024, our primary goal is making each team member feel choosing CFG Bank was their best career decision. Join us for professional growth and a positive work environment that sets CFG Bank apart.POSITION SUMMARY : Under the general direction of the Controller and Chief Accounting Officer, the Core Applications Accounting Manager is responsible for ensuring core application transactions are properly recorded in the general ledger in accordance with Generally Accepted Accounting Principles (GAAP). While this job primarily relates to the loan system, due to the complexity of loan structures, all core applications are included in the scope of responsibility. This position will play a crucial role in managing and overseeing the bank's accounting operations, including supporting the Current Expected Credit Losses (CECL) function. This job requires a deep understanding of the bank's core processing system, loan operations, and GAAP. The ideal candidate will be adept at organizing and analyzing large datasets to ensure accurate financial reporting and compliance.ESSENTIAL DUTIES AND RESPONSIBILITIES :

• Provides overview / support for core application integration into the general ledger.
• Acts as a liaison between the core application owner(s) and the Accounting team.
• Uses appropriate tools to collect, correlate and analyze data to research and analyze potential application issues.
• Review results of detailed monthly rate / volume analysis for loans and deposits by type and investigate / resolve variances.
• Assist and provide accounting requirements in development / set-up of new products / services on core applications.
• Organize and analyze large datasets from the core loan processing system to support financial decision-making and reporting.
• Collaborate with loan operations to ensure accurate accounting and reporting of loan-related activities.
• Collaborate with IT and other departments to enhance loan accounting systems and processes.
• Reconcile financial transactions within the bank's core processing system and identify anomalies.
• Assist in the development and implementation of internal controls, accounting policies and procedures.
• Ensure compliance with internal policies and regulatory requirements.
• Provide support during internal and external audits.
• Coordinate with other departments to streamline accounting processes and improve efficiency.
• Stay updated on changes in accounting standards and regulations, ensuring the bank's compliance.
• Support the Bank’s CECL process.QUALIFICATIONS AND REQUIREMENTS :
• Bachelor’s degree in accounting, finance, or related field.
• CPA certification preferred.
• 7 years’ accounting experience in the banking industry with 5 years of relevant core system experience.
• Knowledge of GAAP and its application and relevance to recording complex loan and securitization transactions in the core system.
• Experience with the integration of core processing systems to the general ledger along with a strong understanding of loan and deposit operations functionality.
• The aptitude to work independently and multi-task with demonstrated ability to recognize and escalate issues requiring management resolution to the appropriate management team members.
• Effective communication skills and previous experience in liaising with Accounting team members and other departments.
• Proficiency in using accounting software and the bank's core processing system.
• Excellent analytical and problem-solving skills.
• Ability to organize and manage large datasets effectively.
• Strong attention to detail and accuracy.
• Experience with CECL methodology and credit loss estimation preferred.WORK ENVIRONMENT : We offer a hybrid schedule, with 3 days in-office and 2 days remote after the initial 90-day period.COMPENSATION DISCLOSURE : In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The wage range for this position is $120,000-150,000 per year. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity.BENEFITS AND ADDITIONAL COMPENSATION : Additionally, this position includes a comprehensive benefits package and other forms of compensation, including :
• Employer-provided health benefits : medical insurance, dental & vision insurance, disability insurance, life insurance, mental health support services, wellness program & free health club membership (for Baltimore-based employees)
• Paid time off : vacation days, sick leave, volunteer days
• Retirement plan : 401(k) with employer match
• Other compensation elements : Discretionary annual bonus and overtime pay for non-exempt positionsEOE STATEMENT : CFG Bank is an Equal Opportunity Employer. We provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other legally protected characteristic. We are committed to ensuring a diverse and inclusive workplace, and all employment decisions are based on merit, qualifications, and business needs. If you require accommodations during the application process, please contact Human Resources.

Compensation details : 120000-150000 Yearly Salary

PIe8b1d82e588f-30511-36984328

Salary : $120,000 - $150,000