What are the responsibilities and job description for the Accounting Associate position at First Mutual Holding Company?
Apply
Job Type
Full-time
Description
The Accounting Associate I is responsible for reviewing and entering invoices submitted for correct approval and correct account allocation, the reconciliation of various general ledger, and correspondent accounts and the processing of incoming wire transfers.
- Processes invoices and schedules payments in accounts payable system; reviews all invoices for proper authorization, eliminating any duplicate invoices, and scheduling payment due dates to optimize cash flow.
- Reconciles bank correspondent internal bank accounts and internal demand deposit accounts which includes :
- conducts monthly reconciliation of internal and all external bank accounts;
- compares detail of reconciling items and clears reconciling items from bank statement by researching outstanding items;
- corresponds with other banks to identify problems and recommend solutions;
- takes necessary corrective action to clear outstanding items.
- Participates in external and internal audits.
- Maintains 1099-misc vendor list for annual processing and reporting to the Internal Revenue Service; updates sales tax sheet and verifies correct county is used. Will provide assistance in other accounting activities as needed.
- Corresponds with managers, employees, and outside vendors regarding accounts payable items; responds to inquiries; resolves payment discrepancies; updates sales tax sheet to ensure correct county tax rate is used.
- Updates and creates new vendors in accounts payable system; verifies vendors through office of foreign assets control; sends w-9 request letters; sends automated clearing house request forms; updates the vendor information in accounts payable system; posts and releases all incoming wire transfers; verifies the information received on incoming wire transfer and post the information to customer accounts or designated general ledger accounts; sends out Automated Clearing House notification of deposits to customers.
- Completes daily, weekly, and monthly reconciliations of various general ledger accounts.
- Reconciles branch cash by identifying and clearing teller outages; contacts branch to make them aware of outages or clearing of outage and report outages to Internal Audit Department, Branch Coordinator, Branch Manager, and Head Teller.
- Other duties as required.
Requirements
Necessary competencies :
Technical Expertise
Education and Experience
Physical Environment
