Senior Accountant

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, New York, and California. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply.

POSITION SUMMARY: Responsible for internal and external financial reporting, internal accounting, and financial reporting controls relating to the Bank’s loan portfolio.

RESPONSIBILITIES:

• Manage the SBA 7(a) loan sale and reporting process, including preparation of sale summary, booking gain on sale, and recording monthly income and loan activity to the general ledger.
• Prepare the SBA servicing asset valuation on a quarterly basis to record impairment or recovery on servicing asset.
• Assist with monthly analysis, including review of purchased loan pools and purchased account reconciliations.
• Assist in preparation of the Allowance for Credit Losses calculation on a quarterly basis.
• Review proposed loan modifications for compliance with generally accepted accounting principles.
• Prepare and post journal entries to the general ledger.
• Prepare investor presentations and analytics for quarterly investor earnings calls.
• Assist in the compilation and filing of FDIC reports (Forms 10-Q, 10-K, 8-K, etc.) and other regulatory reporting.
• Prepare management reporting and perform ad hoc analyses.
• Support the monthly financial close process, including preparation of the Board and Loan and Investment Committee packages.
• Maintain strong internal controls over financial reporting and assist in SOX-404 compliance. Act as a resource and provide training to line areas on internal control activities.
• Support accounting department with audits and examinations required by the Bank, including compiling requests for the internal and external auditors.
• Support various tasks in the department as needed.

KNOWLEDGE, SKILLS AND ABILITIES:

• Detailed knowledge of banking core operating systems
• Detailed knowledge of bank operations
• Proficient with MS Excel, Word and PowerPoint
• Working knowledge of SEC and Regulatory reporting requirements
• Detailed knowledge of accounting principles
• Four-year college degree, preferably in Accounting
• CPA designation preferred
• Four-year working experience in banking or related financial reporting experience with a publicly traded company or public accounting firm.

PHYSICAL DEMANDS AND CONDITIONS:

• Must be able to remain in a stationary position for long periods of time.
• Some travel is required.
• Must be able to occasionally lift up to 25lbs.
• Consistently operates a computer and other office machinery such as copy machine and printers.
• Climate-controlled general office setting with moderate noise level.
• Must express or exchange ideas and meaning with co-workers, supervisors, customers, and vendors.

Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.