Financial Reporting & Research Specialist

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack Private different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the sixth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (a committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

Financial Reporting & Budgeting Specialist

Position Summary:

Responsible for multiple facets of the Bank's financial reporting, budgeting and analysis. Primary responsibilities include, but are not limited to, dealing with the Bank's external auditors, handling GAAP and regulatory reporting requirements (including COSO and SOX), researching GAAP and RAP accounting issues related to new products and services, interest rate and loan level swap accounting and SBA lending accounting. Assist with various tax and other duties as assigned.

Responsibilities & Essential Functions:

• Primary liaison responsibility with the Bank's external auditors to ensure the timely completion of their annual financial audit. Ongoing coordination of external audit requests throughout the year. This includes: (1) primary responsibility for annual audit confirmations (in Q3 and Q4), and (2) assisting Crowe with policing responses outstanding for other PGB departments.
• Completion of the annual Committee of Sponsoring Organizations (COSO) Principals within the Wolfpac Sarbanes-Oxley Act (SOX) controls module.
• Distributing and managing the quarterly SOX Interim Certifications and quarterly SOX Control Assessments in WolfPac.
• Managing the quarterly income tax provision and annual tax return work performed by a third-party vendor for the Bank and all subsidiaries. This includes preparation of supporting schedules and analysis as requested by said vendor.
• Periodic filing and payment of various state taxes owed, as prepared by the Bank's third-party tax vendor.
• Researching GAAP and RAP accounting issues related to new products and services that are being considered.

• Interest Rate and Loan Level Swap Accounting - quarterly valuation analysis of swap positions and posting of quarterly MTM adjustment entries. Preparation of quarterly swap-related disclosures for 10-Q/10-K reporting and Call Reporting and all supporting documentation.
• Quarterly 10-Q / 10-K Disclosures related to SBA lending. This includes monitoring SBA loan closings to ensure of proper reporting classification (i.e., Held for Sale). Monthly and quarterly entries related to the valuation analysis of the SBA loan portfolio.
• Monitoring all technical accounting guidance and requirements under the Current Expected Credit Losses (CECL) methodology for estimating the Allowance for Credit Losses (ACL).
• Preparation of the annual Goodwill analysis.

Essential Skills & Experience:

• Bachelor's or Master's degree in Accounting or Finance required.
• Three to five years of Public Accounting experience, including working towards the completion of the CPA certification.
• One to three years of prior banking experience.
• Strong GAAP and RAP accounting knowledge, including the ability to research issues.
• Strong analytical skills.
• Must be an organized, accurate, reliable and detail minded individual.
• Must have good oral and written communications skills, including the ability to deal effectively and tactfully with all levels of the organization.
• Proficiency in Excel is required.

Benefits:

Peapack Private Bank & Trust offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.